Description
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.
Address
Open on Google Maps- Address 24516 Saturna Drive
- City Mission Viejo
- State/county CA
- Zip/Postal Code 92691
- Country US
Details
Updated on July 10, 2025 at 1:40 pm- Property ID: NP25121456
- Price: $1,394,500
- Property Size: 2349 Square Feet
- Land Area: 0.1848 Acres
- Garages: 2.0
- Garage Size: x x
- Year Built: 1969
- Property Type: Single Family Residence, Residential Income
- Property Status: Active
