24512 Bendricon Lane

    Lake Forest, CA 92630
    • $2,070,000
    • STATUS: Active
    • ON SITE: 207 days
    • ID#: PW19064293
    UPDATED: 48 min ago
    $2,070,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,854
      SQFT
    • $354
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1977
    County:

    School Ratings & Info

    Description

    We are pleased to offer 24512 Bendricon Lane, a 5-unit apartment investment opportunity in the City of Lake Forest. The investment opportunity at Bendricon Lane is comprised mostly of desirable townhouse style units featuring (1) two bedroom/two bathroom unit, (3) two bedroom/one and a half bathroom townhome style units, and (1) three bedroom/two and a half bathroom townhome style unit. The offering at 24512 Bendricon Lane has been beautifully and extensively remodeled with notable upgrades including new vinyl windows, new exterior paint and fencing and fully renovated interiors including newer ceramic/wood flooring, newer title shower walls, tubs, vanities and countertops. The property features such amenities as washer/dryer hookups, garage parking, central A/C & heat, private patios and a community bbq area. With only a small handful of buildings selling within the city each year, the investment opportunity at 24512 Bendricon Lane is a rare opportunity to invest in a beautifully upgraded apartment building in the city of Lake Forest. *2 & 3-bedroom Townhouses, *Built in 1977, *Fully Renovated Interiors, *Vinyl Windows, *W/D Hookups, Central A/C & Heat, Microwaves, *Garages, Patios, Balconies

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-16T19:36:49.807. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/92967469

    24512 Bendricon Lane Lake Forest, CA 92630

    • Price: $2,070,000
    • Status: Active
    • Updated: 48 min ago
    • ID#: PW19064293
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    5,854
    SQFT
    $354
    $/SQFT
    1977
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Orange
    Area:
    699 - Not Defined
    Property Description
    We are pleased to offer 24512 Bendricon Lane, a 5-unit apartment investment opportunity in the City of Lake Forest. The investment opportunity at Bendricon Lane is comprised mostly of desirable townhouse style units featuring (1) two bedroom/two bathroom unit, (3) two bedroom/one and a half bathroom townhome style units, and (1) three bedroom/two and a half bathroom townhome style unit. The offering at 24512 Bendricon Lane has been beautifully and extensively remodeled with notable upgrades including new vinyl windows, new exterior paint and fencing and fully renovated interiors including newer ceramic/wood flooring, newer title shower walls, tubs, vanities and countertops. The property features such amenities as washer/dryer hookups, garage parking, central A/C & heat, private patios and a community bbq area. With only a small handful of buildings selling within the city each year, the investment opportunity at 24512 Bendricon Lane is a rare opportunity to invest in a beautifully upgraded apartment building in the city of Lake Forest. *2 & 3-bedroom Townhouses, *Built in 1977, *Fully Renovated Interiors, *Vinyl Windows, *W/D Hookups, Central A/C & Heat, Microwaves, *Garages, Patios, Balconies
    Exterior Features

    Garage Spaces 8.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 8.00 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 HookupWasher Hookup Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 3.70 Community Features CurbsSidewalksStorm DrainsStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Garage Income 500.00 Gardener Expense 1240.00 Gross Income 500.00 Gross Multiplier 16.85 Gross Operating Income 119194.00 Gross Scheduled Income 122880.00 Insurance Expense 1532.00 Land Lease YN No Laundry YN Yes Maintenance Expense 5960.00 Maintenance Percent 5.00 Net Operating Income 76504.00 New Construction YN No New Taxes Expense 21268.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 42689.00 Operating Expense Percent 34.70 Other Expense 12150.00 Other Expense Description Utility Professional Management Expense 0.00 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 42689.00 Trash Expense 0.00 Vacancy Allowance 3686 Vacancy Allowance Rate 3.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Rick Applebaum of Morgan Skenderian


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-16T19:36:49.807. 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 Allison James Estates and Homes. Licensed in the State of California, USA.
     
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