Monthly Archives: April 2015

10 South Orange County Condos Under $300,000

Yes, South Orange County is expensive. There’s no getting around it. But you can find properties under $300,000. Here’s proof.

#1: 32221 Alipaz St., #105, San Juan Capistrano
$204,900
1 bed, 1 bath, 785 square feet ($261/square foot)
Highlights: Fireplace, wet par, separate dining area, walk-in closet, spa tub in master bath, new carpet and paint
condo 1
#2: 31377 Los Rios St., #64F, San Juan Capistrano
$294,900
3 bed, 1 bath, 1,011 square feet ($292/square foot)
Highlights: Nestled in a great area close to freeways, shopping, and schools
condo 2
#3: 43 Pearl, Laguna Niguel

$279,000
1 bed, 1 bath, 776 square feet ($360/square foot)
Highlights: Upper unit, in beautiful Crystal Cay community, close to Dana Point Harbor, cathedral ceilings, fireplace, air conditioning

condo 3
#4: 29776 Sea Shore Ln., Laguna Niguel
$289,900
2 bed, 1 bath, 900 square feet ($322/square foot)
Highlights: Upper unit, <4 miles to the ocean, open floor plan, laundry hookups, patio
condo 4
#5: 25256 Via Lido, Laguna Niguel
$299,000
1 bed, 1 bath, 700 square feet ($427/square foot)
Highlights: Interior end-carriage unit, close to freeways, community clubhouse, pool, and gym
condo 5
#6: 63 Dover Pl., Laguna Niguel
$294,900
1 bed, 1 bath, 747 square feet ($395/square foot)
Highlights: Located in Beacon Hill, wood burning fireplace, remodeled bathroom, inside laundry, covered patio with views of the hills
condo 6
#7: 39 Terrace Cr., Laguna Niguel
$295,000
2 bed, 1 bath, 865 square feet ($341/square foot)
Highlights: Oversized and updated kitchen, crown molding, recessed lighting, ceiling fans, patio
condo 7
#8: 1046 Calle Del Cerro #403, San Clemente
$245,000
1 bed, 1 bath, 700 square feet ($350/square foot)
Highlights:  Nestled in the hills, private and quiet location, en-suite bathroom in master bedroom, walk-in closet, patio
condo 8
#9: 1046 Calle Del Cerro #421, San Clemente
$249,000
1 bed, 1 bath, 560 square feet ($445/square foot)
Highlights:  Open layout, ceramic tiling, 1-car garage, patio
condo 9
#10: 3830 Avenida Del Presidente, San Clemente
$240,000
1 bed, 1 bath, 500 square feet ($480/square foot)
Highlights: Walking distance from Trestles Beach–need I say more?
condo 10

These won’t last long (a couple already have backup offers), so contact me if you want to check them out!

34331 Via Fortuna

This week’s listing is an investment property in Capistrano Beach (Address: 34331 Via Fortuna). Listing price: $1,050,000

home 1

This is the upstairs unit's renovated kitchen.

This is the upstairs unit’s renovated kitchen.

home 3

This outside area can be enjoyed by the downstairs unit’s tenant(s).

Here’s why I think this is a great buy:

  • This is a great 2-unit property; both the upstairs unit (1,400 square feet) and downstairs unit (1,100 square feet) have 3 bedrooms and 2 bathrooms
  • Capo Beach is a very high-demand rental area, so there shouldn’t be a problem renting out the units (they’re now vacant)
  • The capitalization rate is over 4%, meaning you have a very good chance of covering all your costs with the rental income so this investment isn’t a burden on the rest of your portfolio
  • There’s a 3-car garage and an extended driveway, allowing tenants plenty of parking
  • It’s newly renovated, clean, and ready to go
  • No HOAs and low tax rate

Want to check it out? Contact me today.