2604 N Tustin Avenue #B
Santa Ana, CA 92705
$ 170,000
Price
3
Beds
2.5
Baths
1,617 Sq. Ft.
$105 / Sq. Ft.
Zillow Price Estimate - $712,164
2179 Days On Market
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This LAND LEASE UNIT has the best location for this unit. Master suite has a fireplace plus a walk in closet and additional storage. Well laid out floor plan. Powder room downstairs. Enjoy morning coffee on the front courtyard and enjoy afternoon lemonade in the backyard from your own lemon tree. Light, bright and airy. The HOA has a pool & spa and a clubhouse. Beautiful greenbelts and well maintained. HOA fee includes water and refuse. Newer hot water heater and a/c. Hookups for W/D 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.
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