23551 Avenida La Caza Unit 129 Coto De Caza, CA 92679
Property details
About 23551 Avenida La Caza Unit 129
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"
Highlights
Summary
- Full Bathrooms: 3
- Appliances: Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Electric Oven, Electric Range, Electric Water Heater, Disposal, Water Heater, Refrigerator, Dryer
- Flooring Type: Carpet, Laminate
- Interior: Beamed Ceilings, Wet Bar, Breakfast Bar, Balcony, Cathedral Ceiling(s), Granite Counters, High Ceilings, Living Room Deck Attached, Open Floorplan, Pantry, Recessed Lighting, Storage, Bedroom on Main Level, Entrance Foyer, Main Level Primary, Multiple Primary Suites, Primary Suite, Walk-In Pantry, Walk-In Closet(s)
- Fireplace: Family Room, Propane
- Total Bedroom Count: 3
- Garage Space: 2 spaces
- Attached Garage: Yes
- Private Pool: No
- Parking: Assigned, Asphalt, Door-Single, Driveway, Garage, Garage Door Opener, Oversized, Tandem, Uncovered
- View: City Lights, Other, Pool
- Architectural Style: Bungalow, Cape Cod, Cottage, Traditional
- Heating: Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned
- Cooling: Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned
- List Price: $995,000
- Price/SqFt: $558
- HOA Amount: $465 Monthly
- Lot: Landscaped
- Directions: N
- Year Built: 1977
- Stories: 2
- Living Area: 1,780 SqFt
- Lot Size: 2.8693 Acres
- MLS Number: OC25156803
- MLS Name: CRMLS
- Office Name: Premier Agent Network
- Office Phone: (310) 741-7900
- Listing Agent: Devan Bond
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/13/2025, 10:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
Nearby schools
9
Tijeras Creek Elementary School
Public District PK-5
1.4 mi
•23072 Avenida Empresa
5
Cielo Vista Elementary School
Public District KG-6
1.8 mi
•21811 Avenida De Los Fundado
7
Arroyo Vista Elementary School
Public District KG-5
2.1 mi
•23371 Arroyo Vis
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $174,648. Typical income of Coto De Caza, CA residents is $200k+ annually. The majority of families are married, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Skiing/snowboarding
Men's Tennis- Tennis
Where do the neighbors shop?
Nordstrom
Bloomingdales
Brooks Brothers
Where do the neighbors go to eat?
California Pizza Kitchen
Bonefish Grill
Qdoba
What do the neighbors drive?
BMW
Lexus
Acura
What do the neighbors listen to?
Talk/Personality
News
Sports
Frequently asked questions
About 23551 Avenida La Caza Unit 129
The listing price of 23551 Avenida La Caza Unit 129 property is $995,000.
The property 23551 Avenida La Caza Unit 129 is a multi located in Coto De Caza, California, 92679.
Active Listing: 23551 Avenida La Caza Unit 129 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 23551 Avenida La Caza Unit 129 are: Tijeras Creek Elementary School (GreatSchools Rating 9/10), Cielo Vista Elementary School (GreatSchools Rating 5/10), Arroyo Vista Elementary School (GreatSchools Rating 7/10), Rancho Santa Margarita Intermediate School (GreatSchools Rating 7/10), Arroyo Vista Middle School (GreatSchools Rating 9/10), Las Flores Middle School (GreatSchools Rating 8/10), Tesoro High School (GreatSchools Rating 10/10), Trabuco Hills High School (GreatSchools Rating 8/10), Mission Viejo High School (GreatSchools Rating 9/10).
The property 23551 Avenida La Caza Unit 129 is 1,780 SqFt (source: MLS/tax record).
The year of construction for 23551 Avenida La Caza Unit 129 is 1977.
This home is located at 23551 Avenida La Caza Unit 129 in Coto De Caza, CA and zip code 92679 in the Coto de Caza neighborhood. This 1,780 square foot home, which was built in 1977, sits on a 2.87 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 13, 2025 and is currently priced at $995,000.