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Low interest rates make now the time to buy at Prospect Village
With new low prices and record low interest rates, this is the right time to purchase a new live-work residence at Prospect Village, in the heart of Old Town Tustin. Our prices have dropped up to $200,000, and only four homes remain, which is why this is a limited time opportunity that is not to be missed.
Thanks to its innovative live-work design, Prospect Village gives property owners tremendous flexibility. Business owners can open their own office or retail store in the quality ground-floor business space, which ranges from 464 to 914 square feet, and live in the upstairs living suites, which extend from approximately 1,859 to 2,095 square feet and feature three bedrooms and three baths. They can also rent the business space to a commercial tenant while enjoying complete privacy in their luxurious upstairs residence. Or they can operate their own business downstairs and rent the upstairs.
Owners will also enjoy financial advantages, including no Mello-Roos taxes, low HOA fees of approximately $155 per month and a low property tax rate of approximately 1.1 percent. And whether they use the workspace for their own business or lease it to a tenant, they will be able to deduct business expenses, such as depreciation from their income taxes.
Inside Prospect Village’s living suites, residents will enjoy slab granite kitchen countertops, Euro-design recessed-panel cabinetry, KitchenAid® Architect series stainless steel appliances and Kohler® sinks, tubs and toilets.
To visit Prospect Village, exit the southbound Santa Ana Freeway (I-5) at Newport Avenue and turn left, or exit the northbound I-5 at Red Hill Avenue and turn right. From either Newport or Red Hill, turn left on El Camino Real, continue to Main Street, turn right and drive one block to Prospect Avenue. Models are open from 10 a.m. to 5 p.m. daily. Additional information is available at 714.734.3318 or pelican-properties.net.
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With new low prices and record low interest rates, this is the right time to purchase a new live-work residence at Prospect Village, in the heart of Old Town Tustin. Our prices have dropped up to $200,000, and only four homes remain, which is why this is a limited time opportunity that is not to be missed. Thanks to its innovative live-work design, Prospect Village gives property owners tremendous flexibility. Business owners can open their own office or retail store in the quality ground-floor business space, which ranges from 464 to 914 square feet, and live in the upstairs living suites, which extend from approximately 1,859 to 2,095 square feet and feature three bedrooms and three baths. They can also rent the business space to a commercial tenant while enjoying complete privacy in their luxurious upstairs residence. Or they can operate their own business downstairs and rent the upstairs. Owners will also enjoy financial advantages, including no Mello-Roos taxes, low HOA fees of approximately $155 per month and a low property tax rate of approximately 1.1 percent. And whether they use the workspace for their own business or lease it to a tenant, they will be able to deduct business expenses, such as depreciation from their income taxes. Inside Prospect Village’s living suites, residents will enjoy slab granite kitchen countertops, Euro-design recessed-panel cabinetry, KitchenAid® Architect series stainless steel appliances and Kohler® sinks, tubs and toilets. To visit Prospect Village, exit the southbound Santa Ana Freeway (I-5) at Newport Avenue and turn left, or exit the northbound I-5 at Red Hill Avenue and turn right. From either Newport or Red Hill, turn left on El Camino Real, continue to Main Street, turn right and drive one block to Prospect Avenue. Models are open from 10 a.m. to 5 p.m. daily. Additional information is available at 714.734.3318 or pelican-properties.net. |
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