22722 Malaga, Lake Forest, California 92630, Lake Forest, 92630 - 2 bed, 1 bath
22722 Malaga
Lake Forest, California 92630
Property Price
SUMMARY
Analysis of 22722 Malaga, Lake Forest, California 92630 is currently available with a list price of $507,500. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Lake Forest Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is in move-in ready condition with significant recent updates that align with modern aesthetic standards. Key improvements include dual-pane windows installed in 2020, a renovated bathroom with a modern vanity, and a stylishly upgraded kitchen featuring butcher block countertops and floating shelves. While the building was constructed in 1974, the interior has been well-maintained and extensively refreshed to provide a contemporary 'California boho' feel without the need for immediate repairs.
PROSSTRENGTHS & OPPORTUNITIES
- Enhanced Privacy
As an upper-level unit with only one shared wall and no neighbors above or below, this home offers a level of quiet and seclusion rarely found in high-density condominium complexes.
- Modern Aesthetic Upgrades
The interior features a stylish 'California boho' renovation, including butcher block countertops and a modernized bathroom, providing a move-in-ready experience for design-conscious buyers.
- Superior Parking Assets
The property includes a rare private one-car garage with remote access plus an additional assigned parking space, offering both secure storage and convenience for multi-vehicle households.
CONSRISKS & DEFICIENCIES
- Compact Square Footage
At 873 square feet for a two-bedroom layout, the interior living spaces and bedrooms may feel restrictive for buyers requiring larger furniture or significant storage.
- High Monthly Carrying Costs
The $530 monthly association fee is relatively high compared to the unit's size and price point, which may impact overall affordability and the buyer's debt-to-income ratio.
- Single Bathroom Limitation
Having only one bathroom for a two-bedroom unit can be a significant drawback for roommates or small families, potentially limiting the property's appeal and future resale value.
About 22722 Malaga
Updated upper-level 2-bedroom, 1-bath condominium offering 873 sq ft of bright living space with a relaxed California boho aesthetic. The upgraded kitchen features butcher block countertops, floating open shelving, and a functional layout for everyday living and entertaining. Renovated bathroom with modern vanity and updated finishes. Dual-pane windows (2020) enhance comfort and energy efficiency. With only one shared wall and no neighbors above or below, this home offers exceptional privacy. Enjoy a spacious private balcony plus two parking spaces, including one assigned space (13D) and a private one-car garage with remote-controlled door. Community amenities include pool and spa. Photos include vacant and virtually staged images. Photographs include both vacant and virtually staged images of the living and dining areas to help illustrate potential layouts and furnishing options.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1974
- Lot Size
- 293,665 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $530.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 873 | 1,022 | 21% |
| Lot Size | 293,665 | 190,810 | 83% |
| Price | $507.5K | $610.0K | 21% |
| Price per sq ft | $581 | $603 | 41% |
| Built year | 1974 | 1983 | 11% |
| HOA | $530.0 | $475 | 73% |
| Days on market | 93 | 176 | 15% |
Pricing History
Listed for Sale
Jan 27, 2026
$507,500
$515,000
-1% Price Drop
Initial Listing
Price Change
Dec 4, 2025
$515,000
Initial Listing
Sold
Aug 8, 2017
$320,000
Public Record
Sold
Aug 13, 2008
$200,000
Public Record
Sold
Aug 2, 2004
$330,000
Public Record
Sold
Feb 27, 2003
$203,000
Public Record
Sold
Dec 29, 1999
$117,000
Public Record