24092 Gemwood Drive, Lake Forest, CA 92630

Lake Forest
Local realty services provided by:Better Homes and Gardens Real Estate Haven Properties
24092 Gemwood Drive,Lake Forest, CA 92630
$1,749,900
  • - Beds
  • - Baths
  • 2,500 sq. ft.
  • Multi-family
  • Active
Listed by: reza shirangi
Office: the oppenheim group949-706-4974
MLS#:OC26124776
Source:CRMLS

Price summary

  • Price:$1,749,900
  • Price per sq. ft.:$699.96

About this home

Rare Value-Add Opportunity in Lake Forest | 16,113 SqFt Lot at the End of a Cul-de-Sac! 24092 Gemwood Drive presents a rare investment opportunity in one of South Orange County's most sought-after submarkets. Tucked at the end of a quiet cul-de-sac, this single-story ranch sits on a massive 16,113 sqft flat lot, a footprint that's nearly impossible to replicate in today's Lake Forest market and one that opens the door to significant upside potential. The existing residence offers approximately 2,500 sqft of living space with 5 bedrooms, 2.5 bathrooms, and additional bonus spaces that expand the property's income and use potential, ideal for multi-generational living, ADU conversion, rental income, or a dedicated home office setup. With strong rental demand in the area and limited inventory of lots this size, the income and appreciation upside is substantial. The grounds deliver immediate lifestyle value while preserving long-term development flexibility. An expansive concrete...

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Home facts

  • Year built:1965
  • Listing ID #:OC26124776
  • Added:1 day(s) ago
  • Updated:June 09, 2026 at 06:38 PM

Rooms and interior

  • Kitchen Description:Gas Range
  • Living area:2,500 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Year built:1965
  • Building area:2,500 sq. ft.
  • Lot area:0.37 Acres
  • Lot Features:Irregular Lot
  • Levels:1 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$1,749,900
  • Price per sq. ft.:$699.96

Features and amenities

  • Laundry features:Outside
  • Amenities:All Bedrooms Down
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