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The Rama Mehra Team

hello@asanterealty.com +1(925) 415-0835

Listed by Devan Bond • Premier Agent Network

$ 995,000

Est. payment -/mo

Save

Open Sun 2PM-4PM

23551 Avenida La Caza #129 Laguna Hills, CA 92679

3 Beds

3 Baths

1,780 SqFt

OPEN HOUSE

Sun Jul 20, 2:00pm - 4:00pm

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 1,780 sqft

Price per Sqft $558

MLS Listing ID CROC25156803

Bedrooms 3

Full Baths 3

HOA Fees $465/mo

HOA Y/N Yes

Year Built 1977

Lot Size 2.869 Acres

Property Sub-Type Detached

Source Datashare California Regional

Property Description

Unmatched Rental Income Potential & Legal Flexibility. Unveiling a Unique Investment: A Triplex Opportunity in Coto de Caza. This distinctive property features three individual apartments, each with its own private entry. Beyond the inherent income potential, this property offers a significant advantage for new buyer. California Regulation Â§4739 explicitly prohibits Homeowners Associations (HOAs) from restricting the length of tenancy (whole or partial) if the homeowner resides on the property for more than 30 days. This means if you choose to occupy one of the three units, you can legally rent out the remaining two for any length of timeâ€”from short-term (1-day) to long-term (365-day) leases. While an HOA might initially have a different opinion, state law supersedes municipal ordinances or HOA rules in this regard. This flexibility opens the door to potentially adding up to twelve grand monthly to your budget. Please note that this specific California regulation does not apply if all three units are rented out. All other HOA rules and regulations, such as those concerning parking, pool usage, and noise, remain in effect. A Rich History: From Olympic Housing to Modern Townhomes. Built as "Vic Braden's Tennis College" to house US athletes training for the 1980' Moscow Olympics.

Location

State CA

County Orange

Interior

Heating Electric, Other

Cooling Central Air, Other, ENERGY STAR Qualified Equipment

Flooring Laminate, Carpet

Fireplaces Type Family Room, Other

Fireplace Yes

Window Features Double Pane Windows,Screens

Appliance Dishwasher, Electric Range, Refrigerator, Electric Water Heater, ENERGY STAR Qualified Appliances

Laundry Dryer, In Garage, Other

Exterior

Garage Spaces 2.0

Amenities Available Pool, Gated, Other, Dog Park, Exercise Course

View City Lights, Other

Private Pool false

Building

Lot Description Landscaped, Storm Drain

Story 2

Foundation Other, Concrete Perimeter

Water Public

Architectural Style Bungalow, Cape Cod, Cottage, Traditional

Schools

School District Capistrano Unified

Others

HOA Fee Include Security/Gate Fee

© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

The Rama Mehra Team

Company | License ID: CA 02014153

+1(925) 415-0835

The Rama Mehra Team

23551 Avenida La Caza #129 Laguna Hills, CA 92679

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Schools

Others

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23551 Avenida La Caza #129