32301 Alipaz Rare opportunity to acquire a well-maintained 4-unit multifamily property situated on an expansive 11, 000+ sq ft lot in the desirable city of San Juan Capistrano. Built approximately 18 years ago, this property offers strong in-place income with minimal owner expenses. Each spacious unit features 3 bedrooms, 2 bathrooms, brand new roof, new hardwood flooring, fireplaces, in-unit laundry rooms, private yards, garages, and central A/C, along with numerous upgrades throughout the property. The building is 100% occupied, providing immediate and stable cash flow. Tenants pay all utilities including electricity, gas, and water, significantly reducing operating expenses. Ownership is responsible only for gardening and insurance, making this a low-maintenance investment.