A truly hands off investment! Over 10 years left on a 15 year lease. However the new owner can take back the property on October 1st 2025, and/or move the current tenant out and lease as single family home at current market rents.
The Purchase is Subject to the existing lease. Tenant pays all utilities, all routine maintenance, and all repairs up to $1,500 per occurrence.
This is a Beautiful property in a great, upscale neighborhood. RARE Single-Story 6 Bedroom / 4 bathroom home. Lease is currently $5,412 per month until Sept 2025 and then goes up to $5,520 and 2% per year for the term of the lease.
The tenant operates a senior care home within the property and must maintain a clean, safe environment with all systems of the home in proper working condition. There is a hold-harmless agreement in place between tenant and landlord. THIS IS A GREAT 10-31 EXCHANGE PROPERTY!
Call now for more information.
|
DAYS ON MARKET
|
28
|
LAST UPDATED
|
7/9/2025
|
|
TRACT
|
Mission Ridge Central (RI)
|
YEAR BUILT
|
1969
|
|
COMMUNITY
|
MS - Mission Viejo South
|
GARAGE SPACES
|
2.0
|
|
COUNTY
|
Orange
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
Central Air |
| AIR CONDITIONING |
Yes |
| AREA |
MS - Mission Viejo South |
| GARAGE |
Yes |
| HEAT |
Central |
| INTERIOR |
Master Downstairs |
| LOT |
8050 sq ft |
| PARKING |
Driveway, Garage Faces Front, Garage |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
1 |
| SUBDIVISION |
Mission Ridge Central (RI) |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Hills |
| WATER |
Public |
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Salem to contact you even if your name is on a Federal or State
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Listed with First Team Real Estate
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 8/6/25 4:27 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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