1130 Scholarship, Irvine, California 92612, Irvine, 92612 - 1 bed, 1 bath
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Irvine, California 92612
This Prime Investment Opportunity is listed at $559,000, positioned well below the $571,197 Fair Market Value by 2%. This valuation gap provides $12,197 in Instant Equity. Featuring a Good Condition Rating, this condo offers a Granite Kitchen and a Private Patio within the resort-style Avenue One community. While school ratings are moderate, the location in the Irvine Business Complex ensures high rental demand. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a strategic urban asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1130 Scholarship Subject | $545,000* List Price | 1 | 1 | 734 | $762 | - |
A 2414 Watermarke Sold | $555,000 | 1 | 1 | 648 | $856 | 0.2 mi |
B 3458 Watermarke Sold | $630,000 | 1 | 1 | 868 | $726 | 0.1 mi |
C 2202 Watermarke Sold | $595,000 | 1 | 1 | 746 | $798 | 0.2 mi |
D 3451 Watermarke Place Sold | $675,000 | 1 | 1 | 868 | $778 | 0.1 mi |
E 3261 Watermarke Sold | $630,000 | 1 | 1 | 868 | $726 | 0.2 mi |
F 2220 Watermarke Place Sold | $528,000 | 1 | 1 | 648 | $815 | 0.2 mi |
G 2114 Watermarke Sold | $549,000 | 1 | 1 | 648 | $847 | 0.2 mi |
H 2379 Scholarship Sold | $555,000 | 1 | 1 | 610 | $910 | 0.1 mi |
I 3131 Watermarke Active Under Contract | $550,000 List Price | 1 | 1 | 648 | $849 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, the property is exactly 20 years old, fitting the 'Good' criteria. The kitchen features granite countertops and the unit appears functional and move-in ready. While the carpeting shows some visible wear and the interior is slightly dated, the systems and overall structure are consistent with a well-maintained mid-aged condo.
Situated in the heart of the Irvine Business Complex, this property offers exceptional proximity to John Wayne Airport, UC Irvine, and major transit corridors, making it highly attractive for professionals and investors.
The condo boasts contemporary finishes including granite countertops and an open-concept layout, complemented by the essential convenience of an in-unit laundry closet.
Located in the sought-after Avenue One development, the property provides a luxury urban-living experience with access to high-end community facilities and nearby nature preserves.
Despite being in a reputable district, the specific assigned schools for this address currently hold lower performance ratings (3-4), which may be a concern for education-focused buyers.
The $420 monthly association fee represents a significant recurring carrying cost relative to the unit's square footage, potentially impacting overall affordability for first-time buyers.
Welcome to Resort-Style Living in the Heart of Irvine, All Offers Considered. Don't miss this stylish 1-bedroom, 1-bathroom condo nestled in the highly sought-after Avenue One community — one of Irvine's premier urban-living destinations. At 734 square feet, this well-appointed unit offers a bright, open floor plan designed for modern comfort and effortless living. The kitchen features granite countertops and ample cabinet storage. The sun-filled living area flows naturally to a private patio, your own quiet retreat after a busy day. The generously sized bedroom offers great closet space, and the bathroom includes a soaking tub and plenty of storage. An in-unit laundry closet adds everyday convenience. Steps from top dining, shopping, and the San Joaquin Wildlife Sanctuary. Minutes to John Wayne Airport, UC Irvine, the 405 Freeway, and the Irvine Business Complex. Whether you're a first-time buyer, investor, or looking to downsize into luxury, this is the one.
No exterior & parking available.
Grades K-5 • 3.2 mi
Grades 6-8 • 4.0 mi
Grades 9-12 • 4.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 3.0 |
| Square foot | 734 | 1,772 |
| Lot Size | 134,548 | 46,724 |
| Price | $545.0K | $1.27M |
| Price per sq ft | $743 | $753 |
| Built year | 2006 | 2014 |
| HOA | $420.0 | $296 |
| Days on market | 30 | 60 |
Jul 21, 2026
$545,000
$559,000
-3% Price Drop
Initial Listing
Jun 22, 2026
$559,000
Initial Listing
Jul 17, 2006
$403,000
Public Record