Westpark Tiempo

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k15nguye_IHB

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I recently bought a condo in the Westpark Tiempo complex and I wanted to find out more about the complex. I see there are a few condos for sale and it seems that some of the units are rented by UCI students. I am hoping in the future to be able to rent out my unit once I'm ready to upgrade to a larger place. What do you think I can get for monthly rent for my 2 bedroom / 2.5 bath condo.



Any info would be appreciated.
 
Check out craigslist. It's where all the cool kids go to list a rental/find a rental. You'll be able to figure out rental "comps" although you'll have to wade through the massive IAC presence there to figure out what the privately-owned comps are. IAC is able to charge a premium because of people like me who prefer to rent in an IAC community in order to prevent being booted out prematurely due to a surprise foreclosure situation (call me a cynic).
 
Westpark Tiempo? Not a dime over $2k, and you'll get that if you're willing to rent to a highly desparate party (perhaps with a trashed rental history). The lack of a 2-car garage might force you down under 1800/mo.



NOTHING in Westpark purchased within the last five years will cash-flow as a rental.
 
I'm likely to be back in the rental market again this December. It'll be interesting to see how things have changed since last winter.
 
Actually, I'm looking at Craigslist now and I see a ton of dreamers asking over $2k for their 2/2 Westpark rentals. The MLS has some more realistic stuff.



8 Alicante for 1749.

105 Alberti for 1750.

27 Alicante for 1800.

703 Solvay for 2000.

808 Marinella for 2000.

1605 solvay for 2000.

3404 Ladrillo for 2100.

1701 Terra Bella for 2100.



The list goes on. The last five have two car garages, something all Westpark Tiempo units lack (I think). Brio and Aventura are also nicer properties than Tiempo, which has a low-end IAC apt. complex "feel" about the place.



Oh, and several of these units are on the market for sale or have been on the market recently. The owners of these units are almost certainly not professional property investors. They are of the plan B "oh shit my condo won't sell" variety. Any renters shopping this market: BEWARE! You'll end up paying rent to live there only to be disturbed all weekend long by looky-loos and RE agents while your flippertard landlord continues to market the unit.
 
[quote author="effenheimer" date=1220943393]Actually, I'm looking at Craigslist now and I see a ton of dreamers asking over $2k for their 2/2 Westpark rentals. The MLS has some more realistic stuff.



8 Alicante for 1749.

105 Alberti for 1750.

27 Alicante for 1800.

703 Solvay for 2000.

808 Marinella for 2000.

1605 solvay for 2000.

3404 Ladrillo for 2100.

1701 Terra Bella for 2100.



The list goes on. The last five have two car garages, something all Westpark Tiempo units lack (I think). Brio and Aventura are also nicer properties than Tiempo, which has a low-end IAC apt. complex "feel" about the place.



Oh, and several of these units are on the market for sale or have been on the market recently. The owners of these units are almost certainly not professional property investors. They are of the plan B "oh shit my condo won't sell" variety. Any renters shopping this market: BEWARE! You'll end up paying rent to live there only to be disturbed all weekend long by looky-loos and RE agents while your flippertard landlord continues to market the unit.</blockquote>


Yeah... be sure to ping me before you take a look at those rentals in December. Because that list above looks all too familiar to this foreclosure nutter.
 
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