Bought with Rick Applebaum
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24521 Raymond Way Lake Forest, CA 92630
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Key Details
Sold Price $2,525,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID CRNP17182057
Sold Date 11/15/17
Bedrooms 1
Full Baths 1
Half Baths 1
Originating Board California Regional MLS
Year Built 1977
Lot Size 0.402 Acres
Property Description
Rare 8 unit multifamily investment opportunity in the city of Lake Forest located in the heart of South Orange County. Surrounded by the master planned communities of Irvine, Laguna Hills, and Mission Viejo, the tight supply of rentals in these markets makes these units easy to rent and command higher rents and income potential. Pride of Ownership, the property has been well cared for by the current ownership with several interior and exterior renovations completed that are evident throughout. Improvements include updated windows, kitchens, cabinets, bathrooms, remote access garage doors, exterior paint, asphalt resealing / stripping and much more. The oversized lot of roughly 17,498 square feet offers tenants plenty of open space and 2 parking spaces per unit. Other tenant amenities include patios or balconies, garages, carport parking, individual water heaters, and an on-site laundry facility (owned machines).
Location
State CA
County Orange
Area Ls - Lake Forest South
Interior
Laundry Community Facility, Washer/Dryer - Owned
Exterior
Garage Spaces 16.0
Pool None
Building
Lot Description Corners Marked
Water District - Public
Others
Special Listing Condition Not Applicable
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