8226 Pennington Dr

About this property

Located in the highly sought-after beach-close community of Surfside by the Sea, this spacious townhome has the largest floor plan in the neighborhood. Residents enjoy resort-style amenities, including two swimming pools, a clubhouse, playgrounds, a basketball court, and scenic walking trails. Originally designed as a four-bedroom home, it has been thoughtfully reconfigured into a spacious three-bedroom, two-and-a-half-bath residence. Additional features include a private patio, tasteful upgrades throughout, and a two-car garage. This is an outstanding opportunity for an investor seeking immediate value without the hassle of finding tenants or managing a rental. The seller is willing to offer the property at a discounted price if she and her daughter can lease the home back, allowing her daughter to finish high school through June 2028.The discounted purchase price reflects the value of the leaseback, and the seller will continue to pay the monthly HOA dues during the lease term. It's a true win-win: the buyer acquires a desirable property at a below-market price with a reliable occupant already in place, while both buyer and seller may benefit from a lower property tax basis resulting from the reduced purchase price.

Property details

MLS number

OC26173559

Status

Active

Type

Residential Income

Subtype

Townhouse

Lot size

0.0394 acres

County

Orange

Year built

1964

Stories

2