
Aliso Viejo, California 92656
This townhome presents a High-Potential Investment Opportunity with a List Price of $549,000—positioned well above the $516,442 Fair Market Value by -6%. Featuring a Condition Rating of 5, this property requires a full interior overhaul, offering significant value-add potential through renovation. Located in a prime Aliso Viejo community with no neighbors above or below, the unit includes a private patio and balcony. Zoned for top-rated schools like Aliso Niguel High (9/10), this is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking to build equity.
Property is extensive renovation needed.
Built in 1985 and explicitly marketed as a 'Fixer Opportunity,' this property is nearly 40 years old and requires significant rehab. While the kitchen features granite countertops from a past update, the cabinetry, appliances, popcorn ceilings, and worn flooring are dated and align with the criteria for a property needing a full interior overhaul.
High School: Aliso Niguel High School (9/10).
This townhome-style residence offers the rare advantage of having no neighbors above or below, providing a level of quiet and privacy seldom found in high-density condominium communities.
Ideally situated near the 73 Toll Road and Aliso Viejo Town Center, the property is zoned for top-rated schools, including Aliso Niguel High School, which boasts a high rating of 9.
As a designated fixer-upper, the property will require immediate additional capital investment and construction work to address its current condition and modernize the interior.
With only 1.5 bathrooms for a two-bedroom unit, the lack of a second full bathroom may be a drawback for families or those seeking a more traditional dual-suite layout.
Fixer Opportunity | No Neighbors Above or Below | Prime Aliso Viejo Location | Private Patio & Balcony. Opportunity awaits in the highly desirable Morningside Terrace community with this 2-bedroom, 1.5-bathroom townhome-style residence offering the rare benefit of no neighbors above or below. Perfect for buyers looking to personalize a home and build equity, this property combines outstanding potential with an unbeatable Aliso Viejo location. The functional floor plan features an open-concept living and dining area centered around a cozy fireplace, creating a warm and inviting space for everyday living. The L-shaped kitchen is appointed with granite countertops and ample cabinet storage, while a convenient downstairs powder room and laundry hookups add practicality. Step outside to your private, gated patio with additional storage—an ideal setting for relaxing, entertaining, or enjoying Southern California's year-round weather. Upstairs, you'll find a spacious secondary bedroom, a full bathroom, and a generously sized primary suite complete with its own private balcony. All appliances, including the refrigerator, washer, and dryer, are included, providing added value and convenience. Residents of Morningside Terrace enjoy access to a community pool and spa, trash service, covered carport parking, and additional uncovered parking. Ideally situated near Alicia Parkway and the 73 Toll Road, the home is just minutes from Aliso Viejo Town Center, Aliso Viejo Plaza, Plaza de la Paz Shopping Center, Laguna Niguel Regional Park, popular dining destinations, and highly rated schools. Whether you're a first-time buyer, investor, or someone looking to create your dream home, this is a rare opportunity to own in one of Orange County's most sought-after communities.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades 6-8 • 1.6 mi
Grades 9-12 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.2 |
| Baths | 2.0 | 2.7 |
| Square foot | 966 | 1,226.32 |
| Lot Size | 124,016 | 143,779.36 |
| Price | $549.0K | $819.6K |
| Price per sq ft | $568 | $659 |
| Built year | 1985 | 1992 |
| HOA | $410.0 | $418 |
| Days on market | 92 | 48 |
Jun 9, 2026
$549,000
Initial Listing