Golf Course Condo (Laguna Niguel) – 2 Mi to Ocean –Seller/F w/ XLT 13-Year Tenants
The Deal: Turnkey 2BR/2BA lower-level condo (large w/ 2 car garage) on the 1st fairway of prestigious El Niguel CC. Located just 2 miles from South OC beaches. Offered "As-Is" to protect our incredible tenants and facilitate a smooth retirement.
The Tenants: Occupied by a flawless, model elderly couple who have happily cared for the home for 13 consecutive years. Flawless payment history. They wish to remain long-term, ensuring zero immediate vacancy or turnover costs.
The Owners: Mom and pop landlord in 70s. Retiring in January and looking to simplify.
The Numbers & Terms:
- Price: $680,000 "As-Is" (accounts for clean and well cared for but older interior and HOA dues of ~$757/mo).
- Current Rent: $2,310/mo (kept low for tenants; market rent is $3200 - $3800+ mo).
- Seller Financing: 30% Down ($204,000). Financed amount $476,000 at 7.5% interest. 30-year amortized, 7-year balloon. Terms flexible for the right buyer.
Note: To protect tenant privacy, physical showings require an executed LOI/purchase contract, subject to inspection. Clean payment ledger and HOA docs available upon vetting. DM me directly to discuss terms and protect this asset!