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24512 Bendricon Ln, Lake Forest, CA 92630
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24512 Bendricon Ln Lake Forest, CA 92630

$1,931,500 Sold Price as of 02/13/2020
  • 11 Beds
  • 11 Baths
  • 5,854 Sq.Ft.
Sold
$1,931,500 Sold Price as of 02/13/2020 Refinance Your Mortgage
Map preview of 24512 Bendricon Ln, Lake Forest, CA 92630

Property Overview: 24512 Bendricon Ln Lake Forest, CA has 11 bedrooms, 11 bathrooms, 5,854 living square feet and 9,675 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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

Listed by Rick Applebaum | BRE #01273871 | Morgan Skenderian
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 269

Home details

Lot Sq. Ft
9,675
HOA Dues
$0/mo
Year built
1977
Garage
8 Car
Property Type:
Multi Family
Status
Sold
MLS#
PW19064293
City
Lake Forest
County
Orange
Time on Site
1413 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Electric Meters: 6
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,845
  • Total Rent: $5,540
  • Pro Forma/Market Rent: $2,300
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,900
  • Total Rent: $1,900
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $2,300
  • Pro Forma/Market Rent: $2,750
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.7%
  • Gross Rent Multiplier: 16.68
  • Gross Scheduled Income: $124,080
  • Net Operating Income: $77,610
  • Gross Operating Income: $120,358
  • Vacancy Allowance: $3,722
  • Garage Rental Income: $500
Annual Expense Breakdown
  • Total Operating Expense: $42,747
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $21,268
  • Trash: $0
  • Gardener: $1,240
  • Insurance: $1,532
  • Maintenance: $6,018
  • Professional Management: $0
  • Water/Sewer: $0
  • Other Expenses: $12,150
  • Other Expense Description: Utility

Property Details for 24512 Bendricon Ln

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 8
  • # of Parking Spaces: 8
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 5
  • Parcel Number: 61744126
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: East of El Toro Road & South of Muirlands Boulevard
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Storm Drains, Street Lights
View more facts & features

Local Lake Forest Agent

Sale History for 24512 Bendricon Ln

Last sold for $1,931,500 on February 13th, 2020

  • February, 2020

  • Feb 14, 2020

    Date

    Sold

    CRMLS: PW19064293

    $1,931,500

    Price

  • Dec 16, 2019

    Date

    Pending

    CRMLS: PW19064293

    $2,070,000

    Price

  • Nov 5, 2019

    Date

    Active

    CRMLS: PW19064293

    $2,070,000

    Price

  • Oct 18, 2019

    Date

    Active Under Contract

    CRMLS: PW19064293

    $2,070,000

    Price

  • Sep 9, 2019

    Date

    Price Change

    CRMLS: PW19064293

    $2,070,000

    Price

  • Mar 22, 2019

    Date

    Active

    CRMLS: PW19064293

    $2,125,000

    Price

  • February, 2020

  • Feb 13, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,931,500

    Price

  • November, 2005

  • Nov 2, 2005

    Date

    Sold (Public Records)

    Public Records

    $1,268,000

    Price

Show More

Tax History for 24512 Bendricon Ln

Assessed Value (2020): $1,444,025
Year Land Value Improved Value Assessed Value
2020 $1,097,459 $346,566 $1,444,025

Home Value Compared to the Market

This property vs the competition

24512 Bendricon Ln sold on February 13, 2020 for 44.71% higher than the current median sold price for the city of Lake Forest which is $1,430,477. The median sold price per/sqft for Lake Forest is $698 and this home is sold at $353.6 per/sqft which puts the price per square foot 49.34% lower than the current median sale per square foot for the city of Lake Forest.

About 24512 Bendricon Ln

Detailed summary of property

24512 Bendricon Ln is a multi family that recently sold in Lake Forest, CA 92630. This multi family property offered 11 bedrooms, 11 bathrooms, roughly 5,854 living square feet, and sits on an approximately 9,675 square foot lot. 24512 Bendricon Ln was first listed on ArdentRealEstateGroup.com on July 4, 2020. The homeowner sold the property for $1,931,500. Home in Lake Forest are selling for a median price of $1,430,477 and a median price per square foot of $698. Based on Ardent Real Estate Group's Lake Forest Market Data, this home is sold 44.71% higher than the current median priced home. Local homes that are currently for sale include 750 N Adele St, 282 E 16th St and 402 W Fairway Dr. While the average home in Lake Forest, CA is selling in 52 days, 24512 Bendricon Ln has a days on market of 269 days. There are currently 142 homes for sale in the Lake Forest real estate market and 90 of them are single family homes while 47 of them are condos and 5 are townhomes. For more information on this home for sale at 24512 Bendricon Ln Lake Forest, CA 92630 contact Ardent Real Estate Group and we will put you in touch with one of our Lake Forest agents.

Public Facts for 24512 Bendricon Ln

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
9,674
Stories
--
Type
Multi-Family Dwellings (Generic, Any Combination 2+)
Pool
No
Spa
No
County
Orange
Lot#
7
APN
617-441-26

The source for these homes facts are from public records.

92630 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,298,000
Median List Price/Sq.Ft.
$643
Median Sold Price
$1,491,500
Median Sold Price/Sq.Ft.
$682
Total Inventory
107
Median Sale to List Price %
99.57%
Avg Days on Market
28
Loan Type
Conventional (51.92%), FHA (1.92%), VA (0%), Cash (30.77%), Other (15.38%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.

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