Welcome to Shady Hollow, a townhome community nestled between Tustin, Orange and Santa Ana. Centrally located in the heart of Orange County, you are minutes from shopping, entertainment, and freeway accessibility. This property hosts three upstairs bedrooms and a downstairs office, large enough to be converted to a 4th bedroom. An open-concept floor plan, large picture windows and cathedral vaulted exposed beam ceilings create an open and airy living space, perfect for entertaining. Upgraded kitchen has been refreshed with granite counters, recessed lighting and stainless steel appliances. The dining area enjoys views of the spacious and private yard and a two-sided fireplace, connecting with the family room. Upstairs, the master suite affords a retreat w/ fireplace and balcony, vaulted ceilings, and a spacious walk-in closet with hidden storage room. Both gated courtyard and private backyard have stone pavers and beautiful gardens. HOA covers water, trash, landscaping and pool/spa. HOA recently re-painted exterior and replaced roof within past 3 years. LAND LEASE payment is currently $1,138 per month, ending December 31, 2049. Lease payment increases 2% annually until April 18, 2025, which then will be subject to an adjustment based upon the fair market value of the land. This property also has great RENTAL potential; Other units have recently rented for ~$2,800/mo. After land lease and HOA, property can generate $16,000/yr -- 8.5% annual return. Cash Offers Only.