On Site:67 Days
Lot Size:5,658 Sq. Ft.
SIGNIFICANT INVESTMENT PROPERTY! Triplex with all 3 units leased and consistent lease history. Completely remodeled in past 6 years with modern designs. Each unit has 2 bedrooms upstairs and each unit has a Sun Deck. Triplex has a laundry room. Prime location in Corona del Mar and just minutes from Little Corona Beach, Fashion Island and The Resort at Pelican Hill. Carports are covered and there's a community pool. Walking distance to the beach and Corona Del Mar Village with restaurants and shops.
$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.
Address:4200 Shorecrest Ln Corona Del Mar, CA 92625
City:Corona Del Mar
Subdivision:Corona Del Mar North Of Pch (Cnhw)
Number of Buildings: 1
Total Units: 3
Unit 1: 1 Unit•2 Beds•1 Bath•Unfurnished•$3,100 actual rent•$3,100 total rent•$3,100 pro forma
Unit 2: 1 Unit•2 Beds•1 Bath•Unfurnished•$3,200 actual rent•$3,200 total rent•$3,200 pro forma
Unit 3: 1 Unit•2 Beds•1 Bath•Unfurnished•$2,950 actual rent•$2,950 total rent•$3,200 pro forma
Carport Spaces: 6.0
Parking Features: Attached Carport
Parking Total: 6.0
Features / Amenities
Laundry: Common Area
Common Walls: 2+ Common Walls
Heating: Forced Air
Lot Size: 0.13 Acres / 5,658 Sq. Ft.
Lot Features: Near Public Transit
Directions:Coast Hwy to Morning Canyon to Shorecrest.
Tax and Financial Info
Gross Income: $104,000
Gross Scheduled Income: $117,000
Net Operating Income: $78,060
Insurance Expense: $2,000
New Taxes Expense: $22,500
Trash Expense: $960
Water/Sewer Expense: $480
Operating Expense: $25,940
Land Lease: No
Association Fee: $900 (paid Quarterly)
Association Amenities: Pool
WALKING AND TRANSPORTATION
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Listing provided courtesy of Patrick Dailey, Realty One Group West.
Based on information from California Regional Multiple Listing Service, Inc. as of May 8, 2021. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. IDX provided by Sierra Interactive.