$ 529,000
-
$529,000
Price -
2
Bed -
2
Bath -
916
SqFt
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About the Listing PB21907 - PWGUTISTE
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.
Listing Highlights
Status
Active
Days on Site
1
Property Type
Condo/Townhome
MLS ®
PW26069504
Year Built
1980
Total Square Footage
916
Lot/Acreage
8.31
County
Orange
Neighborhood
Pheasant Creek
Area
FH - Foothill Ranch
HOA Dues
424/Monthly
School District
Saddleback Valley Unified
Interior Details
- Bedrooms: 2
- Bathrooms: 2 Full
- Appliances: Dishwasher, Range Hood
- Air Cond: See Remarks
- Heating: See Remarks
- Fireplaces: See Remarks
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: All Bedrooms Down
- Water: Public
Exterior Details
- Lot Description: 0-1 Unit/Acre,No Land Lease
- Garage Capacity: 1 car
- Parking Spaces: 1
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Carport
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 93874073
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Years
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Questions About..
20702 El Toro Unit 233 Lake Forest, CA 92630
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