20702 El Toro Unit 233, Lake Forest, CA 92630
- $529,000
- 2
- BD
- 2
- BA
- 916
- SqFt
- List Price
- $529,000
- Status
- ACTIVE
- MLS#
- PW26069504
- Year Built
- 1980
- Bedrooms
- 2
- Bathrooms
- 2
- Living Sq. Ft
- 916
- Lot Size
- 362,186
- Acres
- 8.31
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 87
- Property Type
- Condo
- Property Sub Type
- Condominium
- Stories
- Two Levels
- Neighborhood
- Pheasant Creek
Property Description
Welcome to Unit 233 at 20702 El Toro Road a spacious upper-level 2 bedroom and 2 bathrooms condo nestled in the serene, resort-style community of Pheasant Creek in Lake Forest. Situated across from the Aliso Creek Trail and just minutes from shops, restaurants, and services, this is one of the most sought-after condo communities in all of Orange County. This bright and airy upper-level unit offers nearly 1,000 sq ft of comfortable living with an open floor plan, vaulted ceilings, a private balcony with laundry access, and a generous layout featuring two full bedrooms and two bathrooms ideal for tenants and investors alike. Community amenities include multiple pools, spa, basketball courts, tennis courts, and garage parking, all wrapped in lush landscaping with peaceful running streams throughout. Perfectly positioned near top-rated schools , freeway and toll road access, golf courses, medical offices, shopping, and dining this location checks every box for sustained, long-term rental demand. The Investment Highlight: Tenant just renewed a new one-year lease at $2,000/month that's $24,000 in guaranteed annual rental income from day one. Zero vacancy. Zero hassle. This is the definition of a plug-and-play cash-flowing asset in a high-demand Orange County market. Whether you're scaling your portfolio or stepping into your first investment property, this one delivers immediate returns with serious long-term upside.
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Additional Information
- HOA
- 424
- Frequency
- Monthly
- Association Amenities
- Outdoor Cooking Area, Picnic Area, Playground, Pool
- Appliances
- Dishwasher, Range Hood
- Pool Description
- Community, See Remarks, Association
- Fireplace Description
- See Remarks
- Heat
- See Remarks
- Cooling
- Yes
- Cooling Description
- See Remarks
- Patio
- Deck
- Garage Spaces Total
- 1
- Sewer
- Public Sewer
- Water
- Public
- School District
- Saddleback Valley Unified
- Interior Features
- All Bedrooms Down
- Attached Structure
- Attached
- Number Of Units Total
- 416
Listing courtesy of Listing Agent: Stephanie Gutierrez (stephsellshomes562@gmail.com) from Listing Office: HT Real Estate Investments Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.