NOT LISTED FOR SALE

24512 Bendricon Ln Lake Forest, CA 92630

7 Beds
7 Baths
5,854 Sq Ft
9,675 Sq Ft Lot

Last Sold February 13, 2020

Last sale price $1,931,500 $330 Per Sq Ft

269 Days on Market

About This Home

As of February 2020

We are pleased to offer 24512 Bendricon Lane, a 5-unit apartment investment opportunity in the City of Lake Forest. The investment opportunity at Bendricon Lane is comprised mostly of desirable townhouse style units featuring (1) two bedroom/two bathroom unit, (3) two bedroom/one and a half bathroom townhome style units, and (1) three bedroom/two and a half bathroom townhome style unit. The offering at 24512 Bendricon Lane has been beautifully and extensively remodeled with notable upgrades including new vinyl windows, new exterior paint and fencing and fully renovated interiors including newer ceramic/wood flooring, newer title shower walls, tubs, vanities and countertops. The property features such amenities as washer/dryer hookups, garage parking, central A/C & heat, private patios and a community bbq area. With only a small handful of buildings selling within the city each year, the investment opportunity at 24512 Bendricon Lane is a rare opportunity to invest in a beautifully upgraded apartment building in the city of Lake Forest. *2 & 3-bedroom Townhouses, *Built in 1977, *Fully Renovated Interiors, *Vinyl Windows, *W/D Hookups, Central A/C & Heat, Microwaves, *Garages, Patios, Balconies

Last Agent to Sell the Property

Rick Applebaum

Morgan Skenderian License #01273871 Listed on: 03/22/2019

Last Buyer's Agent

Rick Applebaum

Morgan Skenderian License #01273871 Listed on: 03/22/2019

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 9,675 Sq Ft Lot
  • No Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 8 Car Garage

Home Design

  • 5,854 Sq Ft Home

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 7
  • Tax Tract Number 9520
  • Assessor Parcel Number 61744126

Community Details

Overview

  • 5 Units

Building Details

  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $1,240
  • Insurance Expense $1,532
  • Maintenance Expense $6,018
  • Other Expense $12,150
  • New Taxes Expense $21,268
  • Operating Expense $42,747
  • Gross Income $500
  • Net Operating Income $77,610

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Parking

8

Listing Details

  • CapRate: 3.70
  • Other Phone Description: Office Phone
  • Other Phone Number: 9492518800
  • Property Attached: No
  • Property Type: Residential Income
  • Gardener Expense: 1240.00
  • Parcel Number: 61744126
  • Year Built: 1977
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: No Common Walls
  • Levels: Two
  • Price Per Square Foot: 329.95

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 8.00
  • Total Parking Spaces: 8.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 9675.00
  • Lot Size Acres: 0.2221

Multi Family

  • Garage Income: 500.00
  • Gross Income: 500.00
  • Gross Multiplier: 16.68
  • Gross Operating Income: 120358.00
  • Gross Scheduled Income: 124080.00
  • Insurance Expense: 1532.00
  • Lot Size Area: 9675.0000 Square Feet
  • Maintenance Expense: 6018.00
  • Maintenance Percent: 5.00
  • Net Operating Income: 77610.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 42747.00
  • Operating Expense Percent: 34.50
  • Other Expense: 12150.00
  • Other Expense Description: Utility
  • Rent Control: No
  • Total Expenses: 42747.00
  • Vacancy Allowance: 3722
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 21268.00
  • Tax Census Tract: 524.11
  • Tax Lot: 7
  • Tax Tract Number: 9520

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/13/2020 02/13/20 Sold $1,931,500 -6.7% $330 / Sq Ft
12/16/2019 12/16/19 Pending -- -- --
09/09/2019 09/09/19 Price Changed $2,070,000 -2.6% $354 / Sq Ft
03/22/2019 03/22/19 For Sale $2,125,000 -- $363 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW19064293

California Regional Multiple Listing Service (CRMLS)

APN: 617-441-26