|
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 Olympics. Following the US boycott of the Olympics, these units were converted to condominiums in the fall of that year. The "Villa Serena Townhomes" corporation then oversaw the sale of each set of three units, converting them into the unique townhome configuration seen today. This was the only viable method to zone and sell this type of real estate at the time. The Orange County Assessor's office records the property as an SFR Townhome with a 3 Bedroom/3 Bath dwelling designation. Property Features & Layout. The property is serviced by one water meter and one electrical meter for all three units. Parking is ample, featuring a longer-than-normal attached (non-direct access) garage with an in-garage washer/dryer hookup, providing space for two vehicles. Additionally, two approved and legally guaranteed tandem parking spaces are available directly outside the garage in the driveway. Please see the rest of detailed description in "PRIVATE REMARKS"
Last Updated | 7/12/2025 | Tract | Village |
---|---|---|---|
Year Built | 1977 | Community | TC - Trabuco Canyon |
Garage Spaces | 2.0 | County | Orange |
SCHOOLS
High School | Tesoro |
---|
Additional Details
AIR | Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned |
---|---|
AIR CONDITIONING | Yes |
AMENITIES | Pest Control |
APPLIANCES | Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Electric Water Heater, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Refrigerator, Water Heater |
AREA | TC - Trabuco Canyon |
CONSTRUCTION | HardiPlank Type |
EXTERIOR | Balcony |
FIREPLACE | Yes |
GARAGE | Attached Garage, Yes |
HEAT | Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned |
HOA DUES | 465|Monthly |
INTERIOR | Beamed Ceilings, Breakfast Bar, Cathedral Ceiling(s), Entrance Foyer, Granite Counters, High Ceilings, Master Downstairs, Open Floorplan, Pantry, Recessed Lighting, Storage, Walk-In Closet(s), Wet Bar |
LOT | 2.8693 acre(s) |
LOT DESCRIPTION | Landscaped |
PARKING | Attached, Assigned, Asphalt, Driveway, Garage, Garage Door Opener, Oversized, Tandem |
POOL DESCRIPTION | Association |
STORIES | 2 |
STYLE | Bungalow, CapeCod, Cottage, Traditional |
SUBDIVISION | Village |
UTILITIES | Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected |
VIEW | Yes |
VIEW DESCRIPTION | City Lights, Pool |
WATER | Public |
Location
Contact us about this Property
/ | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". |
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. 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. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.