20702 El Toro Unit 233, Lake Forest, CA 92630

• 2 beds |
• 2 baths |
• 916 sqft

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:

May 20, 2026 at 10:16PM

Listing Office:

HT Real Estate Investments Inc : 714-899-2200

Listing Agent:

Stephanie Gutierrez : 5623705273

MLS ID:

PW26069504

Interior

• General: All Bedrooms Down
• Appliances: DishwasherRange Hood
• Laundry: See Remarks
• A/C: See Remarks
• Heating: See Remarks
• Fireplace: See RemarksFireplace

Exterior

• General: See Remarks
• Other Structures: Deck
• Pool: CommunitySee RemarksAssociation
• Parking: CarportParking spaces: 1

Construction

• General: 2

Location

• HOA Amenities: Outdoor Cooking AreaPicnic AreaPlaygroundPool424.0Monthly
• Originating MLS: CRMLS_CRM
• School District: Saddleback Valley Unified
• County: Orange

Lot

• Zoning: 93874073
• View: View

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: CRMLS_CRM