
Lake Forest, California 92610
This Strong Value Opportunity is a Turn-Key Condominium listed at $490,000—positioned well below the $540,081 Fair Market Value by 9%. This valuation gap provides $50,081 in Instant Equity for the buyer. Featuring a Condition Rating of 2 with recent high-end renovations, this asset includes a versatile loft and pool views. Located near top-rated schools like Portola Springs Elementary, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking immediate, stable rental income through 2026.
Turn-key 1BR condo in Lake Forest. $50k instant equity, renovated, pool view, and top-rated schools. Ideal for investors or owner-occupants. Move-in ready.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 19431 Rue De Valore 39d Subject | $490,000* List Price | 0 | 0 | 936 | $577 | - |
A 19431 Rue De Valore 37a Sold | $565,000 | 2 | 2 | 976 | $579 | 0.1 mi |
B 19431 57d Rue De Valore Sold | $599,000 | 2 | 2 | 1,060 | $565 | 0.2 mi |
C 228 Chaumont Circle Sold | $625,000 | 2 | 2 | 940 | $665 | 0.1 mi |
D 19431 Rue De Valore 14a Active | $579,000 List Price | 2 | 2 | 1,060 | $546 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1991, the property underwent extensive renovations within the last year, including a fully remodeled kitchen and bathroom, new flooring, and quartz countertops, meeting the criteria for a high-quality renovation under 5 years old.
Elementary School: Portola Springs Elementary (9/10). Middle School: Jeffrey Trail Middle (9/10). High School: Northwood High School (9/10).
The property features extensive recent upgrades including a fully remodeled kitchen and bathroom, new flooring, quartz countertops, and stainless-steel appliances, eliminating immediate capital expenditure for the buyer.
Leased through September 2026 to a reliable tenant with an excellent payment history, this property offers investors guaranteed cash flow and zero vacancy risk from the date of acquisition.
The monthly HOA fee of $628.20 is relatively high for a one-bedroom condo, which may compress net yields and impact the overall cash-on-cash return for investors.
The preference for cash buyers suggests potential financing hurdles, while the single assigned carport may be a constraint for households with multiple vehicles.
Rare opportunity to acquire a turn-key income property in the highly desirable gated community of Tuscany at Foothill Ranch. This property is ideally suited for investors seeking stable cash flow, a reliable tenant, and minimal maintenance expenses. Investment Highlights: 1.Below-market asking price for quick sale. 2.Positive cash flow potential. 3. Extensive recent renovations completed.4. Low-maintenance, turn-key investment opportunity. 5. Strong rental demand in a highly sought-after community. The condo is currently leased through September 30, 2026, providing immediate rental income from day one. The existing tenant has an excellent payment history, having never paid rent late, and maintains stable employment and reliable income. The tenant would like to remain long-term, offering investors continuity and reduced vacancy risk. The owner completed extensive renovations throughout the property last year, allowing a new owner to enjoy a truly turn-key investment with no immediate upgrade or remodeling costs. Improvements include a fully remodeled kitchen and bathroom, new flooring, fresh interior paint, updated cabinetry, quartz countertops, and stainless-steel appliances. This immaculate upper-level end-unit features a spacious 1-bedroom, 1-bath floor plan plus a versatile loft/den that can easily function as a second bedroom, home office, or guest suite. 1 covered carport. Soaring ceilings, abundant natural light, and an open-concept layout create an attractive living environment that appeals to quality tenants.The primary suite offers a walk-in closet and dual-sink bathroom. A private patio, in-unit laundry, and extra storage further enhance tenant appeal. Enjoy resort-style amenities including pools, spas, tennis court, fitness center, clubhouse, and ample guest parking. Conveniently located near shopping, dining, top-rated schools, and the 241 Toll Road. Cash buyers preferred.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 3.6 mi
Grades 7-8 • 4.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 936 | 1,092 |
| Lot Size | 87,084 | 91,110.5 |
| Price | $490.0K | $658.2K |
| Price per sq ft | $524 | $606 |
| Built year | 1991 | 1988 |
| HOA | $628.2 | $424 |
| Days on market | 47 | 50 |
Jun 5, 2026
$490,000
Initial Listing
Dec 10, 2010
$170,000
Public Record
Feb 24, 2006
$376,000
Public Record