24502 Bendricon Lane, Lake Forest, CA 92630
Property
Sold January 2024
Listing Agent: Rick Applebaum (DRE #01273871) · Listing Office: Morgan Skenderian · Contact: rma@morganskenderian.com · Bought with: Damien Breaux · Morgan Skenderian · MLS #PW23149699 · Source: CRMLS
About this property
Pleased to present 24502 Bendricon Lane, a turnkey 8 unit apartment complex located in the desirable city of Lake Forest. Built in 1977 and renovated in 2023, this immaculate property has received an enormous amount of recent improvements including fresh exterior paint, new asphalt slurry of driveway and parking, all new windows and sliders and beautiful landscaping. This rare opportunity is one of only 15 apartment complexes between 5-30 units in the entire city. The property contains a preferred unit mix of 1 & 2 bedrooms which all have been dramatically upgraded with high end finishes and sleek, modern designs. The building offers in-demand amenities such as patios & balconies for each unit, air conditioning, a community laundry room and ample parking options with 13 total parking spaces mixed between garages, carports, and open parking spaces. A sizeable lot of 17,860 sq.ft. provides tremendous open area for tenants and could be potential space to add ADU's (Accessory Dwelling Units). This asset is primed for the passive investor looking to generate immediate cash flow without the need for additional capital or managing the headaches of renovations and upgrades.
Listing description from the January 2024 sale, as reported to CRMLS.
Sale history