1404 Scholarship, Irvine, California 92612, Irvine, 92612 - 2 bed, 2 bath
Loading property details...
Irvine, California 92612
This Turnkey Penthouse Condo is a Strong Value Opportunity, listed at $840,000—positioned slightly above the $838,035 Fair Market Value. Featuring a Good Condition Rating, this 1,274 sqft unit offers a premium layout with two-story vaulted ceilings, a large loft, and a private patio. Residents enjoy resort-style amenities including a pool, spa, and basketball court. While school ratings are moderate, the property’s proximity to UCI and major employment hubs ensures high demand. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors seeking a stable, well-located asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1404 Scholarship Subject | $840,000* List Price | 2 | 2 | 1,274 | $658 | - |
A 3134 Watermarke Place Sold | $755,000 | 2 | 2 | 1,260 | $599 | 0.2 mi |
B 2380 Scholarship Sold | $980,000 | 3 | 2 | 1,345 | $729 | 0.1 mi |
C 3141 Michelson 1306 Sold | $1,025,000 | 2 | 2 | 1,367 | $750 | 0.6 mi |
D 3131 Michelson Drive 706 Sold | $850,000 | 2 | 2 | 1,330 | $639 | 0.6 mi |
E 3131 Michelson Drive 606 Sold | $873,000 | 2 | 2 | 1,330 | $656 | 0.6 mi |
F 2250 Watermarke Sold | $995,000 | 2 | 3 | 1,523 | $653 | 0.2 mi |
G 2408 Watermarke Place Active | $899,000 List Price | 2 | 2 | 1,260 | $713 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2007 (19 years old), the property falls within the 10-20 year range for 'Good' condition. It is well-maintained and move-in ready, featuring a functional kitchen with granite countertops, stainless steel appliances, and newer carpeting.
This top-floor end unit features dramatic two-story vaulted ceilings and a versatile large loft, providing superior privacy with no neighbors above and flexible space for a third bedroom or home office.
The unit includes two side-by-side covered parking spaces located on the same floor level as the condo, offering rare and highly convenient 'walk-in' access from the gated garage without needing an elevator.
Located in the exclusive Avenue One community, residents have access to high-end amenities including an indoor basketball court, tennis court, swimming pool, and a modern fitness center in a prime Irvine location.
The association fee of $728 per month is significant and may impact the overall affordability and monthly carrying costs for budget-conscious buyers.
While located in Irvine, the property is zoned for the Santa Ana Unified School District with school ratings ranging from 3 to 4, which may be a drawback for families prioritizing top-tier educational scores.
This very large 1,274 sqft TOP FLOOR PENTHOUSE end unit that faces QUIET interior street, 2 Bedrooms & a LOFT (can be used as an office or 3rd room) is located within the exclusive Avenue One Community right off Jamboree Road. The condo unit is a 2BR+Loft/2BA, with a 2-story HIGH VAULTED CEILING in the living room area, a LARGE LOFT (on the 2nd Floor) almost the size of a full bedroom, a private patio for BBQ and lots of windows for great lighting. Bedrooms are on first level and the large loft is on the second floor. Hardwood floor in the kitchen area with granite counter tops and sleek, modern style cabinets. Also includes stainless steel kitchen appliances, a pull-down kitchen faucet, and a stacked washer dryer unit. Newer carpeting and all the windows have blinds for privacy. Two side by side COVERED assigned parking inside GATED enclosed GARGAGE conveniently LOCATED on the SAME 4th FLOOR LEVEL as the condo. The Avenue One Community has resort-like amenities including a swimming pool, clubhouse, conference room, BBQ station, a workout gym, an indoor basketball and a tennis court. Property is within close proximity of John Wayne Airport, University of California – Irvine, Fashion Island and Newport Beach.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,274 | 1,447 | 38% |
| Lot Size | 134,548 | 52,860 | 68% |
| Price | $840.0K | $980.0K | 38% |
| Price per sq ft | $659 | $721 | 27% |
| Built year | 2007 | 2005 | 67% |
| HOA | $728.0 | $638 | 78% |
| Days on market | 66 | 162 | 12% |
Apr 14, 2026
$840,000
Initial Listing
Sep 24, 2019
$580,000
Public Record
Aug 5, 2016
$500,000
Public Record
Jul 12, 2006
$671,000
Public Record