Real estate investors and business owners pulled funds out of this non-owner occupied investment property to make minor improvements to the property. The borrower operates the business Ocean Hills Recovery and the subject property is currently being used as one of rehab facilities. Property is located in Dana Point, Orange County, CA.
The subject property is a 4 bedroom / 3 bath home in a highly desirable community that sits on a .16 acre SF lot. The home was built in 1965 and has 2,200 SF of living space with a total of 7 rooms. Features of the property include ocean Views from the dining room, an oversized deck, a separate deck off master bedroom. and a large backyard. Rental income on the Property is currently $6,000. Subject property is close to freeways, schools, shopping centers and south Orange County beaches.
What we like about this Trust Deed opportunity:
- Real Estate Investor and Business Owner
- Orange County location
- $6,000/month rent
- 6 months Guaranteed and Prepaid Interest
- CLTV: 52.41%