20702 El Toro Road 393, Lake Forest, California 92630, Lake Forest, 92630 - 1 bed, 1 bath
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Lake Forest, California 92630
This Updated Resort-Style Condominium is a Prime Investment Opportunity, listed at $425,000—positioned well below the $441,928 Fair Market Value by 3%. This valuation gap offers $16,928 in Instant Equity for the incoming owner. Boasting a Condition Rating of 3, the interior features modern stone countertops, wood-look flooring, and a private front patio. Located in the Saddleback Valley Unified District near top-rated Trabuco Hills High School, this FHA-approved property balances resort amenities with financial upside. It is a perfect fit for first-time buyers or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 20702 El Toro Road 393 Subject | $425,000* List Price | 1 | 1 | 686 | $644 | - |
A 20702 El Toro Road 325 Sold | $435,000 | 1 | 1 | 686 | $634 | 0.1 mi |
B 20702 El Toro Road 379 Sold | $450,000 | 1 | 1 | 710 | $634 | 0.1 mi |
C 20702 El Toro Sold | $497,500 | 2 | 2 | 916 | $543 | 0.2 mi |
D 20702 El Toro Rd 413 Sold | $372,000 | 1 | 1 | 560 | $664 | 0.1 mi |
E 20702 El Toro 271 Active | $429,900 List Price | 1 | 1 | 610 | $705 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1983 but recently updated with modern stone countertops, recessed lighting, and wood-look flooring. The bathroom and kitchen show clear signs of a 5-15 year renovation cycle, making it move-in ready and well-maintained, though the presence of a wall AC unit and the overall building age prevent an 'excellent' rating.
The Pheasant Creek community offers a tranquil, park-like setting featuring flowing streams, lush landscaping, multiple pools, spas, and tennis courts, providing a high-end lifestyle at an affordable price point.
This updated lower-level unit includes modern bathroom finishes, an in-unit full-size washer and dryer, and the rare convenience of both an enclosed garage and an additional assigned parking space.
Being an FHA-approved community makes this property highly accessible for first-time homebuyers, offering a competitive entry point into the Orange County real estate market with excellent proximity to major freeways.
At 686 square feet, the compact living space and single-bedroom layout may limit the property's appeal to individuals or couples, offering little flexibility for those needing a home office or guest space.
The monthly association fee of $505.54 is relatively high for a one-bedroom unit of this size, which could impact the overall monthly affordability and debt-to-income ratio for budget-conscious buyers.
Welcome to this beautifully updated lower level 1 bedroom, 1 bath condo in the highly sought-after Pheasant Creek community of Lake Forest. Offering 686 sq. ft. of comfortable living space, that blends affordability, style, and resort-style amenities in a peaceful natural setting. Step inside to an open-concept floor plan that seamlessly connects the living and dining areas, creating a bright and inviting atmosphere. The spacious bedroom includes a walk-in closet, while the upgraded bathroom showcases stylish finishes and quality fixtures. Enjoy your own private front patio surrounded by lush landscaping and the tranquil sounds of streams flowing throughout the community. Residents of Pheasant Creek enjoy exceptional amenities including multiple pools and spas, tennis courts, and scenic walking paths. The home also includes a full-size washer and dryer, enclosed garage, and one additional parking space. HOA dues cover water, trash, and exterior maintenance, making for an easy, low-maintenance lifestyle.This FHA-approved community is conveniently located near parks, shopping, dining, and offers easy access to major freeways and toll roads.
No exterior & parking available.
Grades K-6 • 3.4 mi
Grades 7-8 • 4.5 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 24% |
| Baths | 1.0 | 2.0 | 33% |
| Square foot | 686 | 1,075 | 18% |
| Lot Size | 257,265 | 168,296 | 65% |
| Price | $425.0K | $599.9K | 14% |
| Price per sq ft | $620 | $605 | 55% |
| Built year | 1983 | 1983 | 50% |
| HOA | $505.54 | $475 | 66% |
| Days on market | 42 | 130 | 6% |
Apr 25, 2026
$425,000
Initial Listing
Feb 17, 2000
$78,500
Public Record