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Key Details
Sold Price $1,137,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
MLS Listing ID OC21047516
Sold Date 07/07/21
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1963
Lot Size 1.033 Acres
Property Description
Rare opportunity to own TWO separate homes [plus a permitted storage/accessory space] on a one-acre+, two level tiered lot in Trabuco Canyon. A great cash flow, high-demand, investment property OR a wonderful opportunity for an owner to live in one house and rent the other out to help pay the mortgage.
Property can qualify for FHA or Conventional owner occupied financing with a down payment as low as 5%! Have the rents offset your mortgage.
Both homes offer 2BD and 2BA and both have patios and large side yards. One of the homes is octagonal in shape with a fantastic wraparound deck to enjoy nature and watch the wildlife from your front porch! Each house has its own electrical meter and W/D hookups.
An additional RV pad with full electrical, water and dump hookups is on site for personal use or even rent out.
Property is zoned for large parcels and estates. Close to Cleveland National Forest, RSM, Lake Forrest, the 241 Toll Road, freeways, shopping, and all the amenities of city life. Miles of hiking, biking, and horse trails are right at your doorstep. The entire property has been beautifully landscaped with hundreds of drought resistant native California trees and shrubs.
See Aerial Video Here> https://bit.ly/3cxHGuz
Location
State CA
County Orange
Area Tc - Trabuco Canyon
Rooms
Other Rooms Two On A Lot, Workshop
Ensuite Laundry See Remarks
Interior
Interior Features All Bedrooms Down, Workshop
Laundry Location See Remarks
Heating Space Heater, Wood Stove
Cooling Wall/Window Unit(s)
Flooring Stone, Vinyl, Wood
Fireplaces Type Living Room
Fireplace Yes
Appliance Electric Cooktop, Electric Range, Microwave
Laundry See Remarks
Exterior
Garage Asphalt, Carport, Driveway, Gravel, RV Hook-Ups, RV Potential
Carport Spaces 3
Pool None
Community Features Biking, Foothills, Horse Trails, Rural, Ravine, Valley, Park
Utilities Available Cable Connected, Electricity Connected, Natural Gas Not Available, Phone Connected, Sewer Not Available, See Remarks, Water Connected
Amenities Available Horse Trail(s), Trail(s)
Roof Type Mixed
Parking Type Asphalt, Carport, Driveway, Gravel, RV Hook-Ups, RV Potential
Total Parking Spaces 9
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Agricultural, Cul-De-Sac, Horse Property, Lot Over 40000 Sqft, Near Park, Sprinkler System, Value In Land
Story One
Entry Level One
Sewer Septic Tank
Water Public
Level or Stories One
Additional Building Two On A Lot, Workshop
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 85603301
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA 203(k), FHA, Fannie Mae, Government Loan, Owner May Carry, Submit, USDA Loan, VA Loan
Horse Property Yes
Horse Feature Riding Trail
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA 203(k), FHA, Fannie Mae, Government Loan, Owner May Carry, Submit, USDA Loan, VA Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Valerie Bourg • First Team Real Estate
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