2 Prado 32, Irvine, California 92612, Irvine, 92612 - 3 bed, 3 bath
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Irvine, California 92612
This property presents a High-Potential Investment Opportunity with a List Price of $1,200,000—positioned well below the $1,191,286 Fair Market Value by -0.7%. While the property is priced at market, its status as a Fix-and-Flip Investor asset is supported by its Condition Rating of 5. Featuring a cul-de-sac corner lot, pool/spa access, and proximity to University High (9/10), this home offers significant renovation upside. It is an ideal acquisition for Contractors seeking to modernize the largest model in the community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2 Prado 32 Subject | $1,200,000* List Price | 3 | 3 | 1,819 | $655 | - |
A 20 Navarre 134 Sold | $850,000 | 2 | 2 | 1,145 | $742 | 0.6 mi |
B 29 Cerrito Sold | $955,000 | 3 | 2 | 1,466 | $651 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1975 and explicitly marketed as an 'AS-IS fixer-upper,' this property is nearly 50 years old with original-style features. While it received a new roof in 2024, the interior shows dated blue carpeting and popcorn ceilings, indicating the kitchen and bathrooms likely require a full rehab to meet modern standards.
Middle School: Rancho San Joaquin Middle School (9/10). High School: University High School (9/10).
Situated on a premium cul-de-sac corner lot, the property offers serene views of the pool, spa, and greenbelt, while providing access to top-tier Irvine Unified schools including University High.
As the largest model in the community, it features an open floor plan with cathedral ceilings and a rare long driveway that accommodates up to six cars in addition to the two-car garage.
The property is sold in 'as-is' condition and requires significant interior renovation and modernization, which will necessitate a substantial additional investment from the buyer.
With HOA dues set at $541 per month, the recurring association fees are relatively high, which may impact the debt-to-income ratio for some prospective financing buyers.
POOL, SPA, GREENBELT, AND TREE VIEWS FROM THIS CUL-DE-SAC CORNER LOT. This AS-IS fixer-upper offers a rare opportunity to customize the home to your taste without paying for someone else’s upgrades. The largest model in the community, it features a long driveway for additional parking of up to 6 cars and a private courtyard entry. Inside, the open floor plan includes cathedral ceilings and large windows that fill the home with natural light. The living room flows into the dining area, and the kitchen connects directly to both the dining room and the wrap-around deck, which extends along the back and side of the home—ideal for indoor-outdoor living. Downstairs are three bedrooms, including the primary suite with a sliding glass door to the back patio, offering easy access to the pool and spa. Additional highlights include a direct-access two-car garage and indoor laundry. New roof and tenting completed in Fall 2024. Community amenities include two pools and spas, with HOA dues covering water, trash, and exterior maintenance. Conveniently located in the Irvine School District, including University High, and just minutes from UCI, William Mason Park, John Wayne Airport, Newport Beach, and Fashion Island.
No exterior & parking available.
Grades K-6 • 0.8 mi
Grades 7-8 • 1.5 mi
Grades 9-12 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 1,819 | 1,773 |
| Lot Size | 316,319 | 31,235 |
| Price | $1.20M | $1.18M |
| Price per sq ft | $660 | $751 |
| Built year | 1975 | 2005 |
| HOA | $541.0 | $305 |
| Days on market | 5 | 52 |
Jul 17, 2026
$1,200,000
Initial Listing