Irvine for the most part doesn't have income properties that many beach communicates will have like duplex, triplex and four-plex units. There are sill a lot of investment opportunities in Irvine if you know where to look. With the rise of vacation rental websites like Airbnb and VRBO many Irvine home owners have decided to make their homes available for short term rentals. This is especially magnified with COVID19 as many California residents are not to travel long distances and instead are electing to do shorter vacations and stay at designated vacation rental homes. We have seen a huge spike in clients wanting to stay in rental homes for short periods of times all throughout Southern California including Irvine. It's worth mentioning that many homeowners associations have strict rules regarding the length of time that a home must be rented out for so we highly recommend checking with them before doing any kind of rental.
One of the income properties that is currently on the market in the Portola Springs neighborhood that has been used as a partially furnished vacation rental property that caters to corporate clients. It features a total of two bedrooms, two baths with an actual rent of $2,985 with a total rent of $35,820 according to the multiple listing service listing. The property is currently listed at $649,900 and has a total operating expenses of $13,640 according to the listing details. To learn more about listing similar to this please contact any of our local Irvine Real Estate agents at 949-988-0605.
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