
Lake Forest, California 92630
This property presents a High-Potential Investment Opportunity with a List Price of $539,000—positioned above the $512,041 Fair Market Value. While the price reflects a premium, the Fair Condition Rating allows for significant value-add through cosmetic modernization. Featuring an upper-level end-unit layout, central AC, and in-unit laundry, the asset offers strong rental appeal near top-rated schools like El Toro High. This is a strategic acquisition for Buy-and-Hold Investors or first-time buyers seeking to build equity through personalized renovations in a prime Lake Forest location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22198 Cedar Pointe Subject | $539,000* List Price | 2 | 1 | 957 | $535 | - |
A 25885 Trabuco Road 169 Sold | $585,000 | 2 | 2 | 1,190 | $492 | 0.2 mi |
B 25652 Rimgate Drive 1d Sold | $515,000 | 2 | 1 | 899 | $573 | 0.4 mi |
C 21921 Rimhurst Dr 130-g Sold | $515,000 | 2 | 1 | 904 | $570 | 0.3 mi |
D 21991 143 Rimhurst Sold | $499,999 | 2 | 1 | 829 | $603 | 0.2 mi |
E 21931 Rimhurst Sold | $625,000 | 3 | 2 | 1,075 | $581 | 0.2 mi |
F 25885 Trabuco Road 206 Sold | $599,000 | 2 | 2 | 1,190 | $503 | 0.2 mi |
G 25712 Le Parc 31 Active | $615,000 List Price | 2 | 2 | 950 | $647 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982, this property is over 40 years old and shows signs of aging despite some past improvements. The kitchen features older black appliances and cabinetry that, while functional, are dated. The bathroom and laundry area also reflect older finishes. The listing description explicitly notes the home would benefit from cosmetic updates, aligning with the 'Fair' criteria for a property that is move-in ready but requires modernization.
As an upper-level end-unit, this home offers enhanced privacy, superior natural light from extra windows, and a quieter living experience with no neighbors above.
The property features high-demand conveniences including central air conditioning, in-unit laundry, a cozy fireplace, and dual outdoor spaces with both a south-facing entry patio and a private balcony.
Situated in a peaceful community just minutes from major freeways, shopping, and top-rated schools like El Toro High, offering a perfect balance of tranquility and urban accessibility.
The interior is in need of cosmetic updates, which will require an additional capital investment from the buyer to bring the aesthetic up to modern standards.
The $510 monthly association fee is relatively high for a two-bedroom, one-bathroom unit, which may impact the overall affordability and monthly carrying costs for budget-conscious buyers.
Nestled within the peaceful and well-maintained Cedar Pointe community, this desirable upper-level end-unit condo offers comfort, convenience, and exceptional potential. Filled with natural light from large windows and featuring a spacious south-facing entry patio, the home enjoys a bright and inviting atmosphere throughout. The open floor plan creates a seamless flow between the living, dining, and kitchen areas, while the living room fireplace adds warmth and character. Additional features include in-unit laundry, central air conditioning, and a private balcony perfect for relaxing outdoors.While the home could benefit from some cosmetic updates, it presents an outstanding opportunity for buyers to personalize the space and create their ideal home. Residents enjoy access to community amenities including a sparkling pool, beautifully maintained greenbelts, and a quiet, welcoming neighborhood setting.Ideally located just minutes from major freeways, shopping centers, restaurants, grocery stores, entertainment, parks, and everyday conveniences, this home combines a tranquil residential feel with easy access to everything Lake Forest has to offer. Whether you're a first-time buyer, investor, or someone looking to customize a home to your own taste, this Cedar Pointe gem is full of potential and value.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades 7-8 • 1.1 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 33% |
| Square foot | 957 | 1,104.5 | 44% |
| Lot Size | 174,115 | 167,937 | 55% |
| Price | $539.0K | $599.5K | 34% |
| Price per sq ft | $563 | $601 | 36% |
| Built year | 1982 | 1983 | 47% |
| HOA | $510.0 | $475 | 67% |
| Days on market | 3 | 136 | 5% |
Jun 11, 2026
$539,000
Initial Listing
Mar 4, 1999
$117,000
Public Record