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Listed by Rick Applebaum • Morgan Skenderian
$4,995,000
Est. payment /mo
8,704 SqFt
New
24521 Raymond Lake Forest (el Toro), CA 92630
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,704 sqft
Price per Sqft $573
MLS Listing ID CRPW25233711
HOA Y/N No
Year Built 1977
Lot Size 0.402 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
Discover this exceptional multifamily investment opportunity located in a quiet Lake Forest cul-de-sac. Originally constructed in 1977 as an 8-unit property, this asset now features 10 total units with the addition of two brand-new 2 bedroom / 2 bathroom ADUs built in 2024. The entire property underwent a major renovation over the past few years, including new roofs, exterior paint, dual-pane windows and sliders, six of nine water heaters replaced, and a full property fumigation-making this a low-maintenance, move-in ready asset for investors. Situated on a spacious 17,498 SF lot, the unit mix includes a blend of 1 and 2 bedroom floorplans, appealing to a wide tenant base. Residents enjoy thoughtful amenities such as patios or balconies, walk-in closets, wall A/C units, and community laundry along with the added convenience of individual storage units and camera systems providing extra security. The two newly constructed ADUs stand out with in-unit washer/dryers, dishwashers, microwaves, ceiling fans, solar power, and an EV charger-modern conveniences that attract quality tenants and support premium rents. Parking is abundant, with 15 garages and open spaces, providing more than one space per bedroom-a rare advantage in multifamily properties. Fully SB 721 compliant, this is a cl
Location
State CA
County Orange
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area, See Remarks
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