24591 Saturna Drive

Mission Viejo, CA 92691

$840,000
Last Sold Price
6
Beds
2
Baths
2,246 Sq. Ft.
$374 / Sq. Ft.
2,246
Sq. Ft.
$374
per Sq. Ft.

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.
  1. Listed by Shane Lekas • DRE #01952485 • Brokerage DRE #01008773 • First Team Estates

Property Details for 24591 Saturna Drive

View
Neighborhood
Parking Spaces Total
5
Private Pool
No
Cooling Type
Central Forced Air
Total Units
1.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2246

Location

Listing Courtesy of First Team Estates, Shane Lekas, DRE #01952485

Sold By California Housing Store, Julie Garza, DRE #01757451

Add your commute
LISTING UPDATED: 09/17/2020 11:22 AM

Property Details for 24591 Saturna Drive

StatusClosed
MLS #OC20097718
Days on Market92
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1969
Lot Size0.18 AC / 7,935 SF
CountyOrange County

Location

Listing Courtesy of First Team Estates, Shane Lekas, DRE #01952485

Sold By California Housing Store, Julie Garza, DRE #01757451

Add your commute

Building Information for 24591 Saturna Drive

Stories1Residences-Year Built1969Building Size-Lot Size0.18 AC / 7,935 SF

Payment Calculator

$5,331 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,584

Property Taxes

$747

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 24591 Saturna Drive

Rental Info
Rental Info
  • Tenant Pays: All Utilities, Cable TV, Electricity, Exterior Maintenance, Grounds Care, Gas, Insurance, Management, Pest Control, Repairs, See Remarks, Sewer, Telephone, Water
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $62,424
  • Net Operating Income: $53,677
  • Cap Rate: 6.31
  • Financing: Cash
Expense Details
  • Operating Expense: $8,747
  • New Taxes Expense: $8,747
  • Gardener Expense: $0
  • Cable TV Expense: $0
  • Fuel Expense: $0
  • Licenses Expense: $0
  • Pest Control Expense: $0
  • Pool Expense: $0
  • Security Expense: $0
  • Furniture Replacement Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Maintenance Expense: $0
  • Maintenance Percent: .00%
  • Professional Management Expense: $0
  • Workmans Compensation Expense: $0
  • Other Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Supplies Expense: $0
  • Total Expenses: $8,747
Tax / Assessment Info
  • Tax Area: 27101
  • Tax Rate: 1.03
  • Tax Year: 2019
  • Tax Annual Amount: $850,000
  • Tax Tract Number: 6437
  • Tax Census Tract: 320.15
  • Taxes Percent: 1.03%
  • Tax Lot: 82
Community / Development
Community / Development
  • Accessibility Features: 2+ Access Exits, Customized Wheelchair Accessible, Disability Features, Doors - Swing In, No Interior Steps, Ramp - Main Level
  • Disability Access: 2+ Access Exits, DisabilityAccess, Doors - Swing In, No Interior Steps, Ramp - Main Level
  • Community Features: Curbs, Sidewalks, Suburban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Water Heater Central, Water Line to Refrigerator
  • Equipment: Dishwasher, Garage, Microwave, Refrigerator, Water Line to Refrigerator
  • Interior Features: Furnished, Granite Counters, Pantry
  • Room Type: All Bedrooms Down, Converted Bedroom, Kitchen, Living Room, Main Floor Bedroom, Main Floor Master Bedroom
  • Bedroom Features: All Bedrooms Down, Converted Bedroom, Main Floor Bedroom, Main Floor Master Bedroom
  • Water Heater Features: Central Water Heater
  • Laundry: Yes
  • Laundry Features: In Garage
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air
  • Heating: Central
  • Flooring: Tile, Wood
Exterior Features
  • Window Features: Drapes, Roller Shields
  • Security Features: Carbon Monoxide Detector(s), Resident Manager, Smoke Detector(s)
  • Roof: Composition
  • Entry Location: 1
  • Fence: Yes
  • Fencing: Brick
  • Foundation Details: Slab
  • Property Condition: Additions/Alterations
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Cul-De-Sac, Garden, Landscaped, Yard
  • Number Of Units: 1
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Levels: One
  • Sewer: Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Utilities: Cable Connected, Electricity Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: 220 Volts in Garage
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Door Opener, Garage
  • Uncovered Spaces: 3
  • Open Other Spaces Total: 3
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Driveway Up Slope From Street, Garage, Garage Faces Front, Garage Door Opener
Property / Structure Info
  • Builders Tract Name: Other (OTHR)
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 6
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $5,202
  • Unit Type Total Rent: $62,424
  • Unit Type Pro Forma: 63672
  • Unit Type Type: 1
Unit Information
  • Number Of Units Leased: 1
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 1
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Number With Disposal: 1

Property History for 24591 Saturna Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of First Team Estates, Shane Lekas, DRE #01952485

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.