Sold
Closed
24502 Bendricon Lane
Lake Forest CA, 92630
$3,750,000
$565.95 per sqft
Sold
Closed
6,626 sqft
Condos
Built in 1977
Listed by Rick Applebaum with Morgan Skenderian [email protected]
Pleased to present 24502 Bendricon Lane, a turnkey 8 unit apartment complex located in the desirable city of Lake Forest. Built in 1977 and renovated in 2023, this immaculate property has received an enormous amount of recent improvements including fresh exterior paint, new asphalt slurry of driveway and parking, all new windows and sliders and beautiful landscaping. This rare opportunity is one of only 15 apartment complexes between 5-30 units in the entire city. The property contains a preferred unit mix of 1 & 2 bedrooms which all have been dramatically upgraded with high end finishes and sleek, modern designs. The building offers in-demand amenities such as patios & balconies for each unit, air conditioning, a community laundry room and ample parking options with 13 total parking spaces mixed between garages, carports, and open parking spaces. A sizeable lot of 17,860 sq.ft. provides tremendous open area for tenants and could be potential space to add ADU's (Accessory Dwelling Units). This asset is primed for the passive investor looking to generate immediate cash flow without the need for additional capital or managing the headaches of renovations and upgrades.
PW23149699
MLSⓇ ID
August 11, 2023
Listed
February 21, 2025
Updated
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.41 Acres
Lot Features
Cul-De-Sac
Sewer
Public Sewer
Other Property Details
Area Name
699 - Not Defined
Taxes
$40,569
Tax Frequency
Annually
Days on Market
74
Garage
Yes
Garage Spaces
5
Parking
Assigned
Parking Total
13
View
No
County
Orange
Water Source
Public
Pool Features
None
Zoning
R-2
Listing History
Date | Event | Price |
|---|---|---|
1/27/2024 | Price change | $3,750,000 -6% |
1/27/2024 | Sold | $3,750,000 |
12/5/2023 | Pending | — |
10/24/2023 | Under contract | — |
9/14/2023 | Price change | $3,955,000 -6% |
Listing Contact: 949-251-8800
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/21/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 2/21/2025 at 6:42 PM UTC