20702 El Toro Unit 233, Lake Forest, CA 92630
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
20702 El Toro Unit 233,Lake Forest, CA 92630
$529,000
- 2 Beds
- 2 Baths
- 916 sq. ft.
- Condominium
- Active
Listed by: stephanie gutierrez
Office: ht real estate investments inc714-899-2200
MLS#:PW26069504
Source:CRMLS
Price summary
- Price:$529,000
- Price per sq. ft.:$577.51
- Monthly HOA dues:$424
About this home
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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Home facts
- Year built:1980
- Listing ID #:PW26069504
- Added:52 day(s) ago
- Updated:May 27, 2026 at 10:30 AM
Rooms and interior
- Bedrooms:2
- Total bathrooms:2
- Full bathrooms:2
- Kitchen Description:Dishwasher, Range Hood
- Living area:916 sq. ft.
Structure and exterior
- Year built:1980
- Building area:916 sq. ft.
- Lot area:8.31 Acres
- Exterior Features:Deck
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$529,000
- Price per sq. ft.:$577.51
Features and amenities
- Appliances:Dishwasher
- Amenities:All Bedrooms Down
- Pool features:Association, Community, Pool
Parking
- Total parking spaces:1
- Parking description:Carport
- Garage:Yes
- Garage spaces:1
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