$529,000

20702 El Toro Unit 233, Lake Forest, CA 92630

2 beds |
2 baths |
916 sqft

Condominium
Built in 1980
8.31acre lot
1 car garage
$578/sqft
Listed 4 hours ago

Property Description

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 Status:: Active
Date Added:: April 4, 2026
Data Last Updated:: April 5, 2026 at 6:11PM
Listing Office:: HT Real Estate Investments Inc : 714-899-2200
Listing Agent:: Stephanie Gutierrez : 562-370-5273
MLS ID:: PW26069504

Appliances: Dishwasher
A/C: Other/Remarks
Heating: Other/Remarks
Fireplace: Other/Remarks

General: See Remarks
Pool: Community/CommonSee Remarks
Parking: Parking spaces: 1

General: 2

HOA Amenities: Outdoor Cooking AreaPicnic AreaPlaygroundPool424.0Monthly
Originating MLS: California Regional MLS
County: Orange

Zoning: 93874073
View: Other/Remarks

Water: Public
Sewer: Public Sewer

Source: California Regional MLS

This listing courtesy of Stephanie Gutierrez , HT Real Estate Investments Inc

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Del Lago Elementary School

27181 Entidad, Mission Viejo, CA, 92691

Grades KG-6

0.93 miles away

Svusd Virtual Academy (Alternative)

25632 Peter A Hartman Way, Mission Viejo, CA, 92691

Grades KG-12

3.31 miles away

Trabuco Hills High School

27501 Mustang Run, Mission Viejo, CA, 92691

Grades 9-12

0.39 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.