23551 Avenida La Caza #129

Coto de Caza, CA 92679

  • 3 Bed(s)
  • 3 Bath(s)
  • 1,780 Sqft
  • 124985
    Sqft(Lot)
$995,000

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 §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 time—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.

following the us boycott of the olympics, these units were converted to condominiums in the fall of that year.

the "villa serena townhomes" corporation then oversaw the sale of each set of three units, converting them into the unique townhome configuration seen today. this was the only viable method to zone and sell this type of real estate at the time. the orange county assessor's office records the property as an sfr townhome with a 3 bedroom/3 bath dwelling designation.



property features & layout.

the property is serviced by one water meter and one electrical meter for all three units. parking is ample, featuring a longer-than-normal attached (non-direct access) garage with an in-garage washer/dryer hookup, providing space for two vehicles. additionally, two approved and legally guaranteed tandem parking spaces are available directly outside the garage in the driveway.



please see the rest of detailed description in "private remarks"

  • Property Type

    Residential

  • County

    Orange

  • Style

    Bungalow,Cape Cod,Cottage,Traditional

  • AD ID

    50411425

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Property Details

  • Bedroom Information

    • Total Bedrooms : 3

    Bathroom Information

    • Total Baths: 3
    • Full Baths: 3

    Water/Sewer

    • Water Source : Public
    • Sewer : Sewer Tap Paid

    Interior Features

    • Roof : Composition,Shingle
    • Interior Features: Beamed Ceilings,Wet Bar,Breakfast Bar,Balcony,Cathedral Ceiling(s),Granite Counters,High Ceilings,Living Room Deck Attached,Open Floorplan,Pantry,Recessed Lighting,Storage,Bedroom on Main Level,Entrance Foyer,Main Level Primary,Multiple Primary Suites,Primary Suite,Walk-In Pantry,Walk-In Closet(s)
    • Windows: Double Pane Windows,Screens
    • Property Appliances: Dishwasher,ENERGY STAR Qualified Appliances,ENERGY STAR Qualified Water Heater,Electric Oven,Electric Range,Electric Water Heater,Disposal,High Efficiency Water Heater,Refrigerator,Water Heater,Dryer
    • Fireplace: Family Room,Propane
    • Flooring: Carpet,Laminate

    Cooling Features

    • Ductless,Electric,ENERGY STAR Qualified Equipment,Zoned
    • Air Conditioning

    Heating Source

    • Ductless,Electric,ENERGY STAR Qualified Equipment,Zoned
    • Has Heating

    Energy

    • Green Energy: Appliances,Water Heater

    Fireplace

    • Fireplace Features: Family Room,Propane
    • Has Fireplace: 1

  • Building Information

    • Year Built: 1977
    • Construction: Hardboard
    • Roof: Composition,Shingle

    Foundation

    • Concrete Perimeter,Permanent

    Security Features

    • Fire Detection System,Gated with Guard,Gated Community,Smoke Detector(s)

    Pool Features

    • Association

    Laundry Features

    • Common Area,In Garage

    Patio And Porch

    • Deck,Enclosed,Wood,Wrap Around

    Fencing

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 2.8693
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 124985

  • Listing Price Information

    • Original List Price: 995,000
    • Listing Contract Date: 2025-07-12

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 93599041

  • Garage and Parking

    • Garage Description: Assigned,Asphalt,Door-Single,Driveway,Garage,Garage Door Opener,Oversized,Tandem,Uncovered
    • Attached Garage: Yes

    Homeowners Association

    • Association: Yes
    • Association Amenities: Controlled Access,Dog Park,Jogging Path,Maintenance Front Yard,Pool,Guard,Security
    • Association Fee: 465
    • AssociationFee Frequency: Monthly
    • Calculated Total Monthly Association Fees: 465

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: TC - Trabuco Canyon
    • Postal Code Plus 4: 3955
    • Directions: N
    • Source Property Type: Residential
    • Area: TC - Trabuco Canyon
    • Property SubType: Triplex

    Building and Construction

    • Property Age: 48
    • Common Walls: 1 Common Wall
    • Property Condition: Updated/Remodeled
    • Structure Type: Triplex
    • Year Built Source: Assessor
    • Total Square Feet Living: 1780
    • Entry Level: 1
    • Entry Location: Courtyard
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
    • Structure Type: Triplex
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BuyOwner last updated this listing 07/15/2025 @ 16:09

  • MLS: OC25156803
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 3 bedrooms which is for sale, it has 1,780 sqft, 124,985 sized lot, and 2 parking. are nearby neighborhoods.