Property Details
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About this Property
Unmatched Rental Income Potential & Legal Flexibility. Unveiling a Unique Investment: A Triplex Opportunity in Coto de Caza. This distinctive property features three individual apartments, each with its own private entry. Beyond the inherent income potential, this property offers a significant advantage for new buyer. California Regulation §4739 explicitly prohibits Homeowners Associations (HOAs) from restricting the length of tenancy (whole or partial) if the homeowner resides on the property for more than 30 days. This means if you choose to occupy one of the three units, you can legally rent out the remaining two for any length of time—from short-term (1-day) to long-term (365-day) leases. While an HOA might initially have a different opinion, state law supersedes municipal ordinances or HOA rules in this regard. This flexibility opens the door to potentially adding up to twelve grand monthly to your budget. Please note that this specific California regulation does not apply if all three units are rented out. All other HOA rules and regulations, such as those concerning parking, pool usage, and noise, remain in effect. A Rich History: From Olympic Housing to Modern Townhomes. Built as "Vic Braden's Tennis College" to house US athletes training for the 1980' Moscow Oly
MLS Listing Information
MLS #
CROC25156803
MLS Source
California Regional MLS
Days on Site
5
Interior Features
Bedrooms
Ground Floor Bedroom, Primary Suite/Retreat, Primary Suite/Retreat - 2+
Kitchen
Pantry
Appliances
Dishwasher, Garbage Disposal, Oven - Electric, Oven Range - Electric, Refrigerator, Dryer
Dining Room
Breakfast Bar, Other
Fireplace
Family Room, Other
Flooring
Laminate
Laundry
In Garage, Laundry Area
Cooling
Central Forced Air - Electric, Other
Heating
Electric, Other
Exterior Features
Roof
Composition, Shingle
Foundation
Concrete Perimeter, Permanent
Pool
Community Facility
Style
Bungalow, Cape Cod, Cottage, Traditional
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage, Gate/Door Opener, Other, Room for Oversized Vehicle, Garage: 2 Car(s)
Elementary District
Capistrano Unified
High School District
Capistrano Unified
HOA Fee
$465
HOA Fee Frequency
Monthly
Complex Amenities
Community Pool
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
23551 Avenida La Caza 129 is a Triplex in Coto de Caza, CA 92679. This 1,780 square foot property sits on a 2.869 Acres Lot and features 3 bedrooms & 3 full bathrooms. It is currently priced at $995,000 and was built in 1977. This address can also be written as 23551 Avenida La Caza #129, Coto de Caza, CA 92679.
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This listing information is up-to-date as of July 17, 2025. For the most current information, please contact Devan Bond
