194 Streamwood, Irvine, California 92620, Irvine, 92620 - 2 bed, 2 bath
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Irvine, California 92620
This Turnkey Investment Asset is listed at $649,000, representing a stable entry into the Northwood market near its $632,531 Fair Market Value. Boasting the largest floor plan in the community, this upper-level unit features vaulted ceilings, a private balcony, and serene stream views. The property is currently occupied by a reliable long-term tenant, ensuring immediate rental income within the prestigious Irvine Unified School District, zoned for Northwood High School. While maintaining a Dated Condition Rating, the asset’s location and tenant history offer long-term security. This is a premier choice for Buy-and-Hold Investors or first-time buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 194 Streamwood Subject | $649,000* List Price | 2 | 2 | 887 | $713 | - |
A 213 Springview Sold | $535,000 | 1 | 1 | 633 | $845 | 0.1 mi |
B 99 Streamwood Sold | $470,000 | 1 | 1 | 633 | $742 | 0.1 mi |
C 126 Streamwood Sold | $494,000 | 1 | 1 | 633 | $780 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1977, the property appears to be in mostly original or dated condition. Interior images reveal popcorn ceilings, mirrored walls, and older cabinetry and fixtures that reflect its age. While the unit is functional and currently occupied by a stable tenant, it lacks modern renovations and requires cosmetic updates to meet current market standards for quality and style.
Elementary School: Santiago Hills Elementary School (9/10). Middle School: Sierra Vista Middle School (9/10). High School: Northwood High School (9/10).
The property is marketed as an excellent investor opportunity with a reliable, long-term tenant already in place, ensuring immediate and stable rental income.
As the largest floor plan in the Irvine Springs community, this upper-floor unit features high ceilings and a private balcony, providing a more spacious and airy feel than standard units.
The 1.25 bathroom layout is less functional for families or roommates compared to more modern 1.5 or 2-bath configurations, which may limit its appeal to certain buyer segments.
Built in 1977, the property may require future capital expenditures for modernization or repairs to maintain competitiveness with newer developments in the Northwood area.
Excellent opportunity for Investor. Reliable stable tenant. Upper Floor unit. 2 Bedrooms & One and Quarter Bath. Largest Floor plan in Springs. 1/4 bath in Master Bedroom. Good no hassle long time tenant. High Ceiling second floor. Mirrored dining room makes it look larger. Sunlight doused living room. Private Balcony. Community amenities include Pool, Spa, Tennis courts, and Lush Landscaping with Tranquil streams & water falls.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades K-6 • 0.8 mi
Grades K-6 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 30% |
| Baths | 2.0 | 3.0 | 23% |
| Square foot | 887 | 1,719 | 10% |
| Lot Size | 63,428 | 3,000 | 89% |
| Price | $649.0K | $1.45M | 10% |
| Price per sq ft | $732 | $817 | 20% |
| Built year | 1977 | 2013 | 8% |
| HOA | $365.0 | $152 | 87% |
| Days on market | 12 | 159 | 1% |
Apr 10, 2026
$649,000
Initial Listing
Apr 16, 1996
$67,500
Public Record