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22461 Silver, Lake Forest, California 92630, Lake Forest, 92630 - 6 bed, 3 bath

22461 Silver, Lake Forest, California 92630 home-pic-0
ACTIVE$1,899,000
22461 Silver, Lake Forest, California 92630
6Beds
3Baths
3,289Sqft
6,020Lot

Price Vs. Estimate

The estimated value ($1,760,522.585) is $138,477.415 (7%) lower than the list price ($1,899,000). This property may be overpriced.

Key pros and cons

Top Pros:
Guaranteed Investment Income: Property includes a transferable 36-month lease at $10,000/month, offering immediate and substantial rental income for investors.
Top Cons:
Tenant Occupancy Constraint: The property is tenant-occupied with a long-term lease, which restricts immediate owner-occupancy and may deter buyers seeking a primary residence.

Compared to the nearby listings

Price:$1.90M vs avg $1.31M (+$589,000)84%
Size:3,289 sqft vs avg 2,130 sqft94%
Price/sqft:$577 vs avg $67426%

More Insights

Built in 1974 (51 years old).
Condition: Despite being built in 1974, this property has undergone a comprehensive and recent renovation, as explicitly stated in the description: 'stunning remodeled,' 'brand-new kitchen with all-new cabinets, appliances,' and 'thoughtfully upgraded with brand-new, permitted plumbing, windows, kitchen, and bathrooms. Additional highlights include a new hot water heater, new dual-zone A/C system, and a fresh new driveway.' The images confirm a modern, high-quality aesthetic throughout, with new light wood-look flooring, recessed lighting, and contemporary fixtures. The kitchen features white shaker cabinets, quartz countertops, stainless steel appliances, a farmhouse sink, and a stylish backsplash. The bathrooms are equally impressive with double vanities, standalone soaking tubs, glass-enclosed walk-in showers, and modern finishes. All major systems and cosmetic elements appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Year Built
1974
Close
-
List price
$1.9M
Original List price
$1.9M
Price/Sqft
$577
HOA
$116
Days on market
-
Sold On
-
MLS number
OC25132539
Home ConditionExcellent
Features
Good View: City Lights, Trees/Woods
ViewCity Lights,Trees/Woods

About this home

NEW UPDATE ... INVESTMENT PROPERTY ... TENANT OCCUPIED ... TENANT PAYS $10,000 per month for a 36 months. $360,000 lease ($10,000 for 36 months ) is transferred from seller to buyer. $10,000 deposit will also transfer. This stunning remodeled 6-bedroom, 3-bathroom home is truly one-of-a-kind. Inviting living room with a cozy fireplace, then flow into the expansive great room featuring a brand-new kitchen with all-new cabinets, appliances (included), and an open-concept layout connecting the dining and family rooms — perfect for entertaining. Downstairs offers a private-entry ADU-style generational living suite, complete with its own living room, bedroom, bathroom, kitchenette, washer/dryer, and dedicated cooling system. Upstairs, you'll find five more spacious bedrooms, two full bathrooms, and a dedicated laundry area with an additional brand-new washer/dryer. The primary suite includes a double vanity, walk-in shower, and standalone soaking tub. This home has been thoughtfully upgraded with brand-new, permitted plumbing, windows, kitchen, and bathrooms. Additional highlights include a new hot water heater, new dual-zone A/C system, and a fresh new driveway.

Condition Rating
Excellent
Despite being built in 1974, this property has undergone a comprehensive and recent renovation, as explicitly stated in the description: 'stunning remodeled,' 'brand-new kitchen with all-new cabinets, appliances,' and 'thoughtfully upgraded with brand-new, permitted plumbing, windows, kitchen, and bathrooms. Additional highlights include a new hot water heater, new dual-zone A/C system, and a fresh new driveway.' The images confirm a modern, high-quality aesthetic throughout, with new light wood-look flooring, recessed lighting, and contemporary fixtures. The kitchen features white shaker cabinets, quartz countertops, stainless steel appliances, a farmhouse sink, and a stylish backsplash. The bathrooms are equally impressive with double vanities, standalone soaking tubs, glass-enclosed walk-in showers, and modern finishes. All major systems and cosmetic elements appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with the 'Excellent' condition criteria.
Pros & Cons

Pros

Guaranteed Investment Income: Property includes a transferable 36-month lease at $10,000/month, offering immediate and substantial rental income for investors.
Extensive Permitted Remodel: Comprehensive upgrades including new plumbing, windows, kitchen, bathrooms, dual-zone A/C, hot water heater, and driveway ensure a modern, move-in ready condition.
Versatile ADU-Style Suite: Features a private-entry generational living suite with its own amenities, providing flexibility for extended family or potential additional income streams.
Spacious & Modern Living: A large 6-bedroom, 3-bathroom home with 3289 sqft, an open-concept great room, and a brand-new kitchen, ideal for large families or entertaining.
Desirable Views & Amenities: Offers attractive City Lights and Trees/Woods views, complemented by a cozy fireplace and a luxurious primary suite with a soaking tub.

Cons

Tenant Occupancy Constraint: The property is tenant-occupied with a long-term lease, which restricts immediate owner-occupancy and may deter buyers seeking a primary residence.
Original Construction Age: Built in 1974, the underlying structure is older, which despite extensive remodels, could raise concerns for some buyers regarding long-term maintenance or unseen issues.
Ongoing HOA Fees: The presence of a monthly association fee ($116.0) adds to the recurring cost of homeownership.

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