Prime Investment Opportunity in Coto De Caza: Rare Triplex with Value-Add Potential
For the discerning investor, this is an opportunity worth considering. Presenting a rare triplex at 23551 Avenue La Caza #129, located in the exclusive gated community of Coto De Caza. This property is a prime example of a value-add investment, offering a clear strategy to increase rental income in one of Southern California’s most sought-after areas.
The Value-Add Opportunity: Clear and Achievable
Currently, this triplex generates a steady $5,800 per month in gross rent, supported by long-term tenants. However, this figure is below the market potential for the area. By implementing strategic cosmetic upgrades—such as modernizing the kitchens and bathrooms—you can significantly increase the rental income to align with current market rates.
Desirable Location: The Prestige of Coto De Caza
The property’s location within Coto De Caza offers tenants an unparalleled Orange County lifestyle, surrounded by natural beauty and upscale amenities:
- 25-30 minutes to the pristine beaches of Laguna Beach
- 20-25 minutes to major employment hubs like the Irvine Spectrum and Irvine Business Complex
- 10-15 minutes to shopping, dining, and entertainment at Laguna Hills Mall
- Steps away from the pristine Coto De Caza Country Club, renowned for its championship golf course, tennis facilities, and equestrian offerings
- Convenient access to I-5 and 73 freeways, plus top-tier schools in the Capistrano Unified School District
Nestled in a gated community known for its rolling hills, equestrian trails, and luxurious ambiance, this location attracts high-quality tenants seeking exclusivity and tranquility, ensuring strong rental demand.
A Rare Find in a Competitive Market
Properties like this triplex are a rarity in Coto De Caza, with only a handful becoming available each year. This is your chance to acquire a valuable asset with untapped potential in a community that continues to rise in prestige. The numbers and strategy are straightforward, making this an attractive option for investors looking to expand their portfolio.
For sale
Listing Provided by:
Devan Bond DRE #01358556 310-741-7900,
Premier Agent Network
Price cut: $50K (8/10)
$945,000
23551 Avenida La Caza UNIT 129, Trabuco Canyon, CA 92679
3beds
1,780sqft
Est.:
Triplex
Built in 1977
-- sqft lot
$938,800 Zestimate®
$531/sqft
$695/mo HOA
What's special
Exclusive gated communityRolling hillsEquestrian trails
- 32 days
- on Zillow |
- 957 |
- 54 |
Zillow last checked: 7 hours ago
Listing updated: August 10, 2025 at 05:30pm
Listing Provided by:
Devan Bond DRE #01358556 310-741-7900,
Premier Agent Network
Source: CRMLS,MLS#: OC25156803
Originating MLS: California Regional MLS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Open houses
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Bedroom, Entry/Foyer, Foyer, Living Room, Primary Bedroom, Other, Pantry
Primary bedroom
- Features: Primary Suite
Primary bedroom
- Features: Main Level Primary
Primary bedroom
- Features: Multiple Primary Suites
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Bathtub, Tub Shower, Vanity
Kitchen
- Features: Granite Counters, Remodeled, Updated Kitchen, Walk-In Pantry
Other
- Features: Walk-In Closet(s)
Pantry
- Features: Walk-In Pantry
Heating
- Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned
Cooling
- Ductless, Electric, ENERGY STAR Qualified Equipment, Zoned
Appliances
- Included: Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Water Heater, Electric Oven, Electric Range, Electric Water Heater, Disposal, High Efficiency Water Heater, Refrigerator, Water Heater, Dryer
- Laundry: Common Area, In Garage
Features
- Beamed Ceilings, Wet Bar, Breakfast Bar, Balcony, Cathedral Ceiling(s), Granite Counters, High Ceilings, Living Room Deck Attached, Open Floorplan, Pantry, Recessed Lighting, Storage, Bedroom on Main Level, Entrance Foyer, Main Level Primary, Multiple Primary Suites, Primary Suite, Walk-In Pantry, Walk-In Closet(s)
- Flooring: Carpet, Laminate
- Doors: Panel Doors, Sliding Doors
- Windows: Double Pane Windows, Screens
- Has fireplace: Yes
- Fireplace features: Family Room, Propane
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total interior livable area: 1,780 sqft
Property
Parking
- Total spaces: 4
- Parking features: Assigned, Asphalt, Door-Single, Driveway, Garage, Garage Door Opener, Oversized, Tandem, Uncovered
- Attached garage spaces: 2
- Uncovered spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: Courtyard
- Patio & porch: Deck, Enclosed, Wood, Wrap Around
- Pool features: Association
- Spa features: None
- Fencing: None
- Has view: Yes
- View description: City Lights, Courtyard, Pool
Lot
- Size: 2.87 Acres
- Features: 2-5 Units/Acre, Landscaped
Details
- Parcel number: 93599041
- Special conditions: Standard
- Horse amenities: Riding Trail
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Bungalow,Cape Cod,Cottage,Traditional
- Property subtype: Triplex
- Attached to another structure: Yes
Materials
- Hardboard
- Foundation: Concrete Perimeter, Permanent
- Roof: Composition,Shingle
Condition
- Updated/Remodeled
- New construction: No
- Year built: 1977
Utilities & green energy
- Electric: 220 Volts in Garage, 220 Volts in Kitchen
- Sewer: Sewer Tap Paid
- Water: Public
- Utilities for property: Cable Available, Cable Connected, Electricity Connected, Sewer Connected, Water Connected
Green energy
- Energy efficient items: Appliances, Water Heater
Community & HOA
Community
- Features: Biking, Curbs, Dog Park, Foothills, Golf, Hiking, Horse Trails, Park, Rural, Ravine, Storm Drain(s), Suburban, Sidewalks, Gated
- Security: Fire Detection System, Gated with Guard, Gated Community, Smoke Detector(s)
- Subdivision: Village
HOA
- Has HOA: Yes
- Amenities included: Controlled Access, Dog Park, Jogging Path, Maintenance Front Yard, Pool, Guard, Security
- Services included: Pest Control
- HOA fee: $465 monthly
- HOA name: Villa Serena Townhomes
- HOA phone: 714-716-4789
- Second HOA fee: $230 monthly
- Second HOA name: Cdc Community Hoa
- Second HOA phone: 714-716-4789
Location
- Region: Trabuco Canyon
Financial & listing details
- Price per square foot: $531/sqft
- Tax assessed value: $391,590
- Annual tax amount: $4,000
- Date on market: 7/12/2025
- Listing terms: Cash to New Loan
- Road surface type: Paved
- Loading
- Loading