|Property Type||Residential Income|
These buildings rarely come on the market. Act fast to add this turnkey investment to your portfolio. Well maintained 1974 construction consisting of large 2 & 3 bedroom units. (1) three bedroom/two bathroom, & (3) two bedroom/two bathroom units. Amenities include AC, fireplaces, patios, balconies, large windows, onsite laundry, garages and off street parking. Separately metered for electricity and master metered for gas & water. Lake Forest has had a 12.2% year of year increase in market rents. The building has recently had and exterior paint job, and is well maintained. The property is under professional management and rents have recently been raised and are on month to month with additional upside potential. This property is well located with easy access to the 5 & 405 freeways and 241 Toll road. Lake Forest is located in the heart of South Orange County with close proximity to shopping, entertainment, and jobs. The area is master planed and there is a limited supply of available rental stock which will help to keep this property in high demand for years to come. Lake Forest offers a great place to live and enjoy the safe, mild climate, lush green hills, lakes, and beauty that makes this part of Southern California one of the nicest places to live.
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