24511 Bendricon Lane

    Lake Forest, CA 92630
    • $1,795,000
    • STATUS: Active
    • ON SITE: 233 days
    • ID#: OC19156838
    UPDATED: 16 min ago
    $1,795,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,565
      SQFT
    • $393
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1977
    County:

    School Ratings & Info

    Description

    Great location and lots of future potential. This beautiful four-plex is located on a quiet cul-de-sac. There are three spacious two-bedroom with one bathroom units and one three-bedroom with two bathrooms unit. This property has upside potential for increasing the income stream and future development. There are seven enclosed garages and two outside parking along with ample street parking. This property is conveniently located near CA-5 FWY, public transportation and shopping. This income property provides the opportunity to acquire a well maintained apartment building with possibility of increasing the rents to the market value and adding value to the asset. The overall apartment market within the city of Lake Forest is very strong with very low vacancy. The property attracts quality tenants seeking a great neighborhood with convenient access to transportation, shopping and work.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-22T13:28:59.907. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.

    www.livelovethefoothills.com/homes/96520415

    24511 Bendricon Lane Lake Forest, CA 92630

    • Price: $1,795,000
    • Status: Active
    • Updated: 16 min ago
    • ID#: OC19156838
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    4,565
    SQFT
    $393
    $/SQFT
    1977
    Built
    Neighborhood:
    Other (Othr)
    County:
    Orange
    Area:
    LS - Lake Forest South
    Property Description
    Great location and lots of future potential. This beautiful four-plex is located on a quiet cul-de-sac. There are three spacious two-bedroom with one bathroom units and one three-bedroom with two bathrooms unit. This property has upside potential for increasing the income stream and future development. There are seven enclosed garages and two outside parking along with ample street parking. This property is conveniently located near CA-5 FWY, public transportation and shopping. This income property provides the opportunity to acquire a well maintained apartment building with possibility of increasing the rents to the market value and adding value to the asset. The overall apartment market within the city of Lake Forest is very strong with very low vacancy. The property attracts quality tenants seeking a great neighborhood with convenient access to transportation, shopping and work.
    Exterior Features

    Garage Spaces 7.00 Lot Features Cul-De-Sac Lot Size Source Assessor Lot Size Units Square Feet Parking Total 9.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Gas Dryer Hookup Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.12 Community Features CurbsSidewalks Country Us Electric Expense 300.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1400.00 Gross Income 87600.00 Gross Multiplier 20.50 Gross Operating Income 87600.00 Gross Scheduled Income 87600.00 Insurance Expense 2500.00 Land Lease YN No Laundry YN Yes Net Operating Income 56000.00 New Construction YN No New Taxes Expense 17000.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 4 Operating Expense 31600.00 Other Expense 3000.00 Other Expense Description Misc. Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other / Total Expenses 31600.00 Trash Expense 2400.00 Water Sewer Expense 5000.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Frank Farsai of Farain Farsai, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-22T13:28:59.907. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.

     
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    Claremont CA, 91711