Sq.Ft. Lot5,658
Year1960
Ryan Dailey
(949) 297-2020
Status:
Active
Property Type:Triplex
MLS #:OC23021924
On Site:41 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 • $3,595 actual rent • $3,595 total rent • $3,800 pro forma
Unit 2: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $3,350 actual rent • $3,350 total rent • $3,800 pro forma
Unit 3: 1 Unit • 2 Beds • 1 Bath • Unfurnished • $3,100 actual rent • $3,100 total rent • $3,800 pro forma
Carport Spaces: 6.0
Parking Features: Attached Carport
Parking Total: 6.0
Features / Amenities
Laundry: Common Area
Pool: Association
Common Walls: 2+ Common Walls
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: $104,000
Gross Scheduled Income: $120,540
Net Operating Income: $89,540
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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Based on information from California Regional Multiple Listing Service, Inc. as of March 22, 2023. 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.
