23551 Avenida La Caza #129
Coto de Caza, CA 92679
1780 sqft | 3 beds | 3 baths | 2.87 acres | #OC25156803
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Description
Prime Investment Opportunity in Coto De Caza: Rare Triplex with Value-Add Potential
For the discerning investor, this is an opportunity worth considering. Presenting a rare triplex at 23551 Avenue La Caza #129, located in the exclusive gated community of Coto De Caza. This property is a prime example of a value-add investment, offering a clear strategy to increase rental income in one of Southern California’s most sought-after areas.
The Value-Add Opportunity: Clear and Achievable
Currently, this triplex generates a steady $5,800 per month in gross rent, supported by long-term tenants. However, this figure is below the market potential for the area. By implementing strategic cosmetic upgrades—such as modernizing the kitchens and bathrooms—you can significantly increase the rental income to align with current market rates.
Desirable Location: The Prestige of Coto De Caza
The property’s location within Coto De Caza offers tenants an unparalleled Orange County lifestyle, surrounded by natural beauty and upscale amenities:
- 25-30 minutes to the pristine beaches of Laguna Beach
- 20-25 minutes to major employment hubs like the Irvine Spectrum and Irvine Business Complex
- 10-15 minutes to shopping, dining, and entertainment at Laguna Hills Mall
- Steps away from the pristine Coto De Caza Country Club, renowned for its championship golf course, tennis facilities, and equestrian offerings
- Convenient access to I-5 and 73 freeways, plus top-tier schools in the Capistrano Unified School District
Nestled in a gated community known for its rolling hills, equestrian trails, and luxurious ambiance, this location attracts high-quality tenants seeking exclusivity and tranquility, ensuring strong rental demand.
A Rare Find in a Competitive Market
Properties like this triplex are a rarity in Coto De Caza, with only a handful becoming available each year. This is your chance to acquire a valuable asset with untapped potential in a community that continues to rise in prestige. The numbers and strategy are straightforward, making this an attractive option for investors looking to expand their portfolio.
Property Details
- InteriorBeamedCeilings, WetBar, BreakfastBar, Balcony, CathedralCeilings, GraniteCounters, HighCeilings, LivingRoomDeckAttached, OpenFloorplan, P
- Utility FeaturesCableAvailable, CableConnected, ElectricityConnected, SewerConnected, WaterConnected
- Lot DescriptionTwoToFiveUnitsAcre, Landscaped
- FoundationConcretePerimeter, Permanent
- ViewCityLights, Courtyard, Pool
- School DistrictCapistrano Unified
- Sewer InformationSewerTapPaid
- MLS #OC25156803
- MLS #OC25156803
- Property TypePurchase
- Original List Price$995,000
- SubdivisionVillage
- Property SubtypeTriplex
- Structure TypeTriplex
- Acres2.8693
- Utility SourcePublic
- High SchoolTesoro
- CountyOrange
- Cost995000
- Square Feet1780
- Year Built1977
- Hoa Fees465
- Bedrooms3
- Bathrooms3
- Full Baths3
- Stories2
- Parking Spaces2
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Devan Bond (#SBONDDEV)
Listing Office: Premier Agent Network (#J01824)
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