A truly hands off investment! 11 years left on a 15 year lease. However the new owner can take back the property Sept 1st 2025. Purchase Subject to existing lease. Tenant pays all utilities, insurance, all routine maintenance, and all repairs up to $1,500 per occurrence. Has leased solar panels paid for by tenant in the lease. This is a Beautiful property in a great, upscale neighborhood. 6 Bedroom / 5 bathroom home. Lease is currently $5,306 per month, in Sept it goes up to $5,412 and goes up by 2% per year for all 15 years of the lease. Year 10 the lease is at $5,975 and year 15 is at $6,597! Tennant operates a senior care home within the property and must maintain a clean, safe environment with all systems of the home in proper working condition. There is a hold-harmless agreement in place between tenant and landlord. THIS IS A GREAT 10-31 EXCHANGE PROPERTY! Call now for more information.
Mission Viejo is located in California. Mission Viejo, California has a population of 96,535. Mission Viejo is less family-centric than the surrounding county with 33.54% of the households containing married families with children. The county average for households married with children is 36.16%.
The median household income in Mission Viejo, California is $107,988. The median household income for the surrounding county is $81,851 compared to the national median of $57,652. The median age of people living in Mission Viejo is 44.8 years.
The average high temperature in July is 85.6 degrees, with an average low temperature in January of 43.3 degrees. The average rainfall is approximately 13.3 inches per year, with 0 inches of snow per year.
