Sq.Ft. Lot5,658
Year1960
Ryan Dailey
(949) 297-2020
Status:
Active
Property Type:Triplex
MLS #:OC23021924
On Site:224 Days
Lot Size:5,658 Sq. Ft.
County:Orange
Monthly HOA:$360
Listing Agent/Office
Agent:Patrick Dailey
Office:Realty One Group West
Broker Phone:949-630-5822
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.
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Community Information
Address:4200 Shorecrest Ln, Corona Del Mar, CA 92625
County:Orange
City:Corona Del Mar
Subdivision:Corona Del Mar North Of Pch (Cnhw)
Zip Code:92625
Architecture
Year Built:1960
Stories:2
Building Area: 2797.0
Number of Buildings: 1
Total Units: 3
Unit 1: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $3,774.75 actual rent • $3,774.75 total rent • $3,900 pro forma
Unit 2: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $3,517.50 actual rent • $3,517.50 total rent • $3,800 pro forma
Unit 3: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $3,255 actual rent • $3,255 total rent • $3,800 pro forma
Carport Spaces: 6.0
Features / Amenities
Laundry: Common Area
Pool: Association
Common Walls: 2+ Common Walls
Parking Features: Attached Carport
Parking Total: 6.0
Heating: Forced Air
Property Features
Lot Size:
0.13 Acres / 5,658 Sq. Ft.
Lot Features: Near Public Transit
Sewer: SewerTapPaid
Water: Public
Directions:Coast Hwy to Morning Canyon to Shorecrest.
Tax and Financial Info
Gross Income: $126,567
Gross Scheduled Income: $126,576
Net Operating Income: $95,576
Insurance Expense: $2,500
New Taxes Expense: $25,000
Trash Expense: $1,200
Water/Sewer Expense: $2,400
Operating Expense: $31,000
Terms: CashtoNewLoan
Tenant Pays: Electricity, Gas
Land Lease: No
Association Fee: $1,080 (paid Quarterly)
Association Amenities: Pool
Schools
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4200 Shorecrest Ln Corona Del Mar, CA 92625
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