24591 Saturna Drive
24591 Saturna Drive
$840,000
6
2
2,246
2,246
$374
Closed 9/17/20
Description
INCREDIBLE OPPORTUNITY to own a well-established and well-maintained Residential Care Facility for the Elderly (R. C. F. E.) business in Mission Viejo. Situated in a quiet and charming community, this 6 bedroom (5 resident along with 1 staff room) and 2 bathroom facility offers an open floor plan with a very generous dining/living room that connects to the oversized kitchen. Lots of counter space as well as an island and pantry for storage. Large windows draw in abundance of natural light in formal...INCREDIBLE OPPORTUNITY to own a well-established and well-maintained Residential Care Facility for the Elderly (R. C. F. E.) business in Mission Viejo. Situated in a quiet and charming community, this 6 bedroom (5 resident along with 1 staff room) and 2 bathroom facility offers an open floor plan with a very generous dining/living room that connects to the oversized kitchen. Lots of counter space as well as an island and pantry for storage. Large windows draw in abundance of natural light in formal living/dining rooms. Private backyard with lots of seating and beautiful landscaping. Driveway and 2-car garage provides ample parking. Easy access to 5 and 405 freeways. The R. C. F. E. business owner is now on year 2 of the 5-year lease term. The 3rd year of the lease will begin on 9/1/2020 and at that time the monthly rent rate will increase by 2% (annual basis term of lease) which will increase it to $5,202. 6.3% cap rate which will increase every year. This is a "hands off" investment for the homeowner/landlord. The benefits of this niche investment are the following: long term leases, above market rents, zero to low maintenance costs, free yearly inspections and a hold harmless clause written into contract. This business owner is well-respected throughout the board-and-care industry and has many other properties and a waitlist due to such high demand to be a resident in one of her facilities. Property is for sale with executed lease included. RCFE business not included with sale.
- Listed by Shane Lekas • DRE #01952485 • Brokerage DRE #01008773 • First Team Estates
Property Details for 24591 Saturna Drive
View
Neighborhood
Parking Spaces Total5
Private PoolNo
Cooling TypeCentral Forced Air
Total Units1.0
Building TypeDetached
Lot Size SourceAssessor
Living Area2246
Location
LISTING UPDATED: 09/17/2020 11:22 AM
Property Details for 24591 Saturna Drive
Status | Closed |
---|---|
MLS # | OC20097718 |
Days on Market | 92 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1969 |
Lot Size | 0.18 AC / 7,935 SF |
County | Orange County |
Location
Building Information for 24591 Saturna Drive
Stories1Residences-Year Built1969Building Size-Lot Size0.18 AC / 7,935 SF
Payment Calculator
$5,331 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 24591 Saturna Drive
Property History for 24591 Saturna Drive
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 24591 Saturna Drive
Taxable ValueLand$728,280Additions$145,656Total$873,936
Tax Record2023$8,968 ($747 / month)
Home Facts
Beds5Baths2Total Finished SqFt2,241 SqFtAbove Grade Finished SqFt2,241 SqFtStories1Lot Size7,935 SqFtStyleSingle Family ResidenceYear Built1969CountyORANGEAPN619-132-08
Schools near 24591 Saturna Drive
This home is within Saddleback Valley Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 6 |
Rating | School | Distance |
---|---|---|
Del Cerro Elementary School PublicK to 6 | ||
La Paz Intermediate School Public7 to 8 | ||
Mission Viejo High School Public9 to 12 | ||
Cordillera Elementary School PublicK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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