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Mission Viejo,CA 92691
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Subdivision Mission Ridge Central (Ri)
MLS Listing ID NP25121456
HOA Y/N No
Year Built 1969
Lot Size 8,049 Sqft
Property Sub-Type Single Family Residence
Property Description
A truly hands off investment! Over 10 years left on a 15 year lease. However the new owner can take back the property on October 1st 2025, and/or move the current tenant out and lease as single family home at current market rents.
The Purchase is Subject to the existing lease. Tenant pays all utilities, all routine maintenance, and all repairs up to $1,500 per occurrence.
This is a Beautiful property in a great, upscale neighborhood. RARE Single-Story 6 Bedroom / 4 bathroom home. Lease is currently $5,412 per month until Sept 2025 and then goes up to $5,520 and 2% per year for the term of the lease.
The tenant operates a senior care home within the property and must maintain a clean, safe environment with all systems of the home in proper working condition. There is a hold-harmless agreement in place between tenant and landlord. THIS IS A GREAT 10-31 EXCHANGE PROPERTY!
Call now for more information.
Location
State CA
County Orange
Area Ms - Mission Viejo South
Interior
Interior Features Bedroom on Main Level,Main Level Primary
Heating Central
Cooling Central Air
Fireplace No
Laundry In Garage
Exterior
Parking Features Driveway,Garage Faces Front,Garage
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs,Park,Storm Drain(s),Street Lights,Sidewalks
View Y/N Yes
View Hills
Accessibility Customized Wheelchair Accessible,Safe Emergency Egress from Home,Grab Bars,No Stairs,Accessible Doors,Accessible Entrance
Total Parking Spaces 2
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 61913106
Acceptable Financing Cash to New Loan,1031 Exchange
Listing Terms Cash to New Loan,1031 Exchange
Special Listing Condition Standard