Description

This LAND LEASE UNIT has been luxuriously remodeled. New cabinets, quartz, flooring, paint, tiles and appliances throughout. Master suite has a fireplace plus a walk in closet and additional storage. A loft that could be easily converted to a third bedroom. Well laid out floor plan. Powder room downstairs. Enjoy morning coffee on the front courtyard and enjoy the afternoon in your own backyard. Light, bright and airy. The HOA has a pool & spa and a clubhouse. Beautiful greenbelts and well maintained. HOA fee includes water and refuse. Hookups for Washer and Dryer in garage. Bring your personal touches to make this your new home. Excellent RENTAL property. Quiet, serene and easy access to the three freeways Walk to grocery store, donut shop.On the Land Lease, The Lease term ends December 31, 2049. The monthly rent is currently $1026. It increases on May 1 each year by 2%, until April 18, 2025. On that date the rent will be subject to an adjustment based upon the fair market value of the land. The adjusted rent will be 8% of that value (but not less than the rent amount then in effect), and then will adjust in the same manner every 10 years thereafter. Buyer to verify all information.

DIRECTIONS: Off Tustin, between 17th street and 22 FWY