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Key Details
Sold Price $3,750,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW23149699
Sold Date 01/26/24
Bedrooms 5
HOA Y/N No
Lot Size 0.410 Acres
Property Description
Pleased to present 24502 Bendricon Lane, a turnkey 8 unit apartment complex located in the desirable city of Lake Forest. Built in 1977 and renovated in 2023, this immaculate property has received an enormous amount of recent improvements including fresh exterior paint, new asphalt slurry of driveway and parking, all new windows and sliders and beautiful landscaping. This rare opportunity is one of only 15 apartment complexes between 5-30 units in the entire city. The property contains a preferred unit mix of 1 & 2 bedrooms which all have been dramatically upgraded with high end finishes and sleek, modern designs. The building offers in-demand amenities such as patios & balconies for each unit, air conditioning, a community laundry room and ample parking options with 13 total parking spaces mixed between garages, carports, and open parking spaces. A sizeable lot of 17,860 sq.ft. provides tremendous open area for tenants and could be potential space to add ADU's (Accessory Dwelling Units). This asset is primed for the passive investor looking to generate immediate cash flow without the need for additional capital or managing the headaches of renovations and upgrades.
Pleased to present 24502 Bendricon Lane, a turnkey 8 unit apartment complex located in the desirable city of Lake Forest. Built in 1977 and renovated in 2023, this immaculate property has received an enormous amount of recent improvements including fresh exterior paint, new asphalt slurry of driveway and parking, all new windows and sliders and beautiful landscaping. This rare opportunity is one of only 15 apartment complexes between 5-30 units in the entire city. The property contains a preferred unit mix of 1 & 2 bedrooms which all have been dramatically upgraded with high end finishes and sleek, modern designs. The building offers in-demand amenities such as patios & balconies for each unit, air conditioning, a community laundry room and ample parking options with 13 total parking spaces mixed between garages, carports, and open parking spaces. A sizeable lot of 17,860 sq.ft. provides tremendous open area for tenants and could be potential space to add ADU's (Accessory Dwelling Units). This asset is primed for the passive investor looking to generate immediate cash flow without the need for additional capital or managing the headaches of renovations and upgrades.
Location
State CA
County Orange
Area Oc - Lake Forest (92630)
Zoning Assessor
Exterior
Garage Unit1:Assigned
Building
Lot Description Cul-De-Sac, Curbs, Sidewalks
Story 2
Level or Stories 2 Story
Others
Monthly Total Fees $4
Acceptable Financing Exchange
Space Rent $2,075
Listing Terms Exchange
Financing Conventional
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Damien Breaux • Morgan Skenderian