Property listed by HT Real Estate Investments Inc, Stephanie Gutierrez, 714-899-2200.
$529,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Condominium
Beds
2
Full Baths
2
Square Ft.
916
Lot Size
8.31 Acres
Year Built
1980
MLS Number
PW26069504
Additional Details
Appliances & Equipment
Dishwasher, RangeHood
Building
Built in 1980, Living area: 916.0, Living area units: SquareFeet, 2 stories, Levels: Two, Entry level: 1, Entry location: 1
Community
416 units in community, Suburban, Pool
Cooling
SeeRemarks
Exterior Features
Patio/Porch Features: Deck
Fireplaces
SeeRemarks
Garage
1 spaces
Heating
SeeRemarks
Home Owner's Association
Association Fee: $424, Fee Frequency: Monthly, Amenities: OutdoorCookingArea, PicnicArea, Playground, Pool
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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