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23551 Avenida La Caza Unit 129

Coto de Caza, CA 92679

3 beds
3 baths
1,780 sqft
~3 acre lot
$558 per sqft
1977 build
– on site

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"

Listed By CRMLS_CA / Devan Bond / Premier Agent Network / 310-741-7900

Last checked: Checking… • Last updated Jul 13, 2025 •

MLS# OC25156803 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1977
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Hardboard
Total Number Of Units:

3
Unit Number:

129
Architectural Style:

Bungalow, Cape Cod, Cottage, Traditional
Roof:

Composition, Shingle
Foundation:

Concrete Perimeter, Permanent
Structure Type:

Triplex
Stories Total:

2
Entry Level:

1
Patio And Porch Features:

Deck, Enclosed, Wood, Wrap Around
Patio:

1
Common Walls:

1 Common Wall

Interior

Features:

Balcony, Beamed Ceilings, Cathedral Ceiling(s), Granite Counters, High Ceilings, Living Room Deck Attached, Open Floorplan, Pantry, Recessed Lighting, Storage, Wet Bar
Levels:

Two
Entry Location:

Courtyard
Kitchen Features:

Granite Counters, Remodeled Kitchen, Walk-In Pantry
Eating Area:

Area, Breakfast Counter / Bar
Door Features:

Panel Doors, Sliding Doors
Window Features:

Double Pane Windows, Screens
Flooring:

Carpet, Laminate
Room Type:

Entry, Formal Entry, Foyer, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Suite, Two Primaries, Walk-In Closet, Walk-In Pantry
Living Area Units:

Square Feet
Living Area Source:

Assessor
Fireplace:

Yes
Fireplace:

Family Room, Propane
Laundry:

Common Area, Dryer Included, In Garage
Laundry:

1

Room Dimensions

Living Area:

1780.00

Financial & Terms

Disclosures:

CC And R's, Home Warranty, Homeowners Association

Location

Directions:

N
Latitude:

33.62138300
Longitude:

-117.57882700

The Property

Property Type:

Residential
Subtype:

Triplex
Property Condition:

Updated/Remodeled
Lot Features:

2-5 Units/Acre, Landscaped
Lot Size Area:

124985.0000
Lot Size Acres:

2.8693
Lot Size SqFt:

124985.00
Lot Size Source:

Assessor
View:

1
View:

City Lights, Courtyard, Pool
Fencing:

None
Fence:

No
Security Features:

Fire and Smoke Detection System, Gated Community, Gated with Guard, Smoke Detector(s)
Road Frontage:

City Street, County Road, Highway
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No
Lease Considered:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

320.44
Tax Tract:

10066
Tax Lot:

2

Beds

Total Bedrooms:

3
Main Level Bedrooms:

1

Baths

Total Baths:

3
Bathroom Features:

Bathtub, Shower in Tub, Vanity area
Full & Three Quarter Baths:

3
Main Level Baths:

1
Full Baths:

3

The Listing

Special Listing Conditions:

Standard
Parcel Number:

93599041

Heating & Cooling

Heating:

1
Heating:

Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned
Cooling:

Yes
Cooling:

Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned

Utilities

Utilities:

Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Sewer:

Sewer Paid
Electric:

220 Volts in Garage, 220 Volts in Kitchen
Water Source:

Public

Appliances

Appliances:

Dishwasher, Electric Oven, Electric Range, Electric Water Heater, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Disposal, High Efficiency Water Heater, Refrigerator, Water Heater
Included:

Yes

Schools

High School:

Tesoro
High School:

TESERO
High School District:

Capistrano Unified

The Community

Subdivision:

Other (OTHR)
Subdivision:

Village
Neighborhood:

Village
Units in the Community:

24
Features:

Biking, Curbs, Dog Park, Foothills, Golf, Hiking, Horse Trails, Park, Ravine, Rural, Sidewalks, Storm Drains, Suburban
Association Amenities:

Pool, Dog Park, Pest Control, Jogging Track, Guard, Security, Controlled Access, Maintenance Front Yard
Association:

Villa Serena Townhomes
Association:

Yes
Association Fee:

$465
Association Fee 2:

230.00
Association Fee Frequency:

Monthly
Association Fee 2 Frequency:

Monthly
Pool:

Association
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

Yes
Assessments:

Special Assessments

Parking

Parking:

Yes
Parking:

Assigned, Driveway, Asphalt, Driveway - Combination, Garage, Garage - Single Door, Garage Door Opener, Oversized, Tandem Uncovered
Parking Spaces:

4.00
Attached Garage:

Yes
Garage Spaces:

2.00
Uncovered Spaces:

2.00
Remotes:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Max Internet Speed

Cox

Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
7/12/25 Jul 12, 2025	Listed / Active	CRMLS_CA	$995,000

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This multifamily located in The Village, Coto de Caza, CA 92679 is currently for sale for $995,000. 23551 Avenida La Caza Unit 129 is a 1,780 square foot multifamily with 3 beds and 3 baths that has been on Estately for 1 days. 23551 Avenida La Caza Unit 129 is in the The Village neighborhood of Coto de Caza and has a WalkScore® of 9, making it car-dependent.

Listing Courtesy of: CRMLS_CA and Premier Agent Network. Based on information from California Regional Multiple Listing Service, Inc. as of 09:02 on Jul 13.

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, 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.