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Listed by Richard Wamsat • Coldwell Banker Realty
$688,800
Est. payment /mo
1,115 SqFt
OPEN HOUSE
Sun Aug 03, 1:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 1,115 sqft
Price per Sqft $617
MLS Listing ID CROC25170248
HOA Fees $344
HOA Y/N No
Year Built 1978
Lot Size 764 Sqft
Property Sub-Type OTHER
Source Datashare California Regional
Property Description
Secure Rental Income from Day One in Irvine! This upgraded 1-bedroom townhome with a separate office or den is located in The Lakes—a peaceful community surrounded by mature trees, flowing streams, and scenic walkways. The property is currently leased through June 30, 2026, with reliable tenants paying $2,725/month, providing immediate cash flow with an estimated cap rate of approximately 3.82%, based on actual income and expenses. Market proforma rent is approximately $2,900/month, offering solid rental upside over time. The unit offers the advantage of no neighbors above or below and the bonus of a rare fenced patio with upgrades like a retractable awning, stone pavers, and raised planter boxes. Inside, the home features a remodeled kitchen with quartz countertops and stainless steel appliances, both bathrooms remodeled with plenty of storage, and elegant touches like recessed lighting, ceiling fans, crown molding, paneled wainscoting, paneled doors, two-tone paint, completely remodeled interiors, hardwood flooring, and wrought iron stair railings. Additional highlights include energy-efficient central heating and air conditioning, dual-pane windows, and a full suite of appliances—refrigerator, washer, and dryer—all of which are included in the sale. The Lakes community o
Location
State CA
County Orange
Interior
Heating Central
Cooling Central Air
Flooring Tile, Carpet, Wood
Fireplace No
Appliance Gas Water Heater
Laundry Dryer, Laundry Closet, Washer, Other, Inside
Exterior
View None
Building
Lot Description Level, Other, Back Yard, Landscaped
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