23 Via Prado, Rancho Santa Margarita, California 92688, Rancho Santa Margarita, 92688 - 1 bed, 1 bath
23 Via Prado
Rancho Santa Margarita, California 92688
Property Price
SUMMARY
Analysis of 23 Via Prado, Rancho Santa Margarita, California 92688 is currently available with a list price of $375,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Rancho Santa Margarita Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Condition Analysis
OVERALL CONDITION SCORE
Property is extensive renovation needed.
The property is explicitly described as a 'fixer' in 'AS IS' condition, requiring substantial repairs and modernization. Built in 1989 (37 years old) with no record of major renovations, it fits the criteria for a property needing significant rehabilitation to be brought up to current market standards.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location
The property is ideally situated near the Rancho Santa Margarita Lake, major shopping centers, and the 241 toll road, offering high convenience and lifestyle appeal.
- End-Unit Privacy
Positioned at the end of the building, this unit provides enhanced privacy and features an open floor plan with a private patio, rare for a compact condominium.
- Investment Potential
Priced as a fixer-upper, this property represents an excellent entry-level opportunity for first-time buyers or investors to build equity through renovation in a desirable neighborhood.
CONSRISKS & DEFICIENCIES
- As-Is Condition
The property is being sold in its current fixer state, requiring a buyer willing to invest additional capital and effort into immediate repairs and modernization.
- Limited Living Space
At just 547 square feet, the small footprint may limit appeal for those requiring more storage or room for larger furniture pieces.
About 23 Via Prado
Standard Sale!!!! This fixer is in AS IS condition, perfect opportunity for first time buyers or investors. This condo features plenty of parking spaces for visitors and is located at the end of the building for ultimate privacy. Open Floor Plan, Close to the RSM Lake and Shopping Centers, 241 toll road and Nice Patio for BBQ, Trash included in HOA fees, with a wonderful pool and spa area.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1989
- Lot Size
- -
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $324.0 / Month
Neighborhood Insights
Rancho Santa Margarita Unified Schools
Cielo Vista Elementary School
Grades K-6 • 0.3 mi
Rancho Santa Margarita Intermediate School
Grades 7-8 • 0.2 mi
Trabuco Hills High School
Grades 9-12 • 3.8 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 23% |
| Baths | 1.0 | 2.0 | 30% |
| Square foot | 547 | 1,010 | 6% |
| Lot Size | - | 14,597 | 27% |
| Price | $375.0K | $650.0K | 1% |
| Price per sq ft | $686 | $664 | 61% |
| Built year | 1989 | 1990 | 47% |
| HOA | $324.0 | $452 | 27% |
| Days on market | 8 | 178 | 3% |
Pricing History
Listed for Sale
Feb 27, 2026
$375,000
Initial Listing
Sold
Jul 26, 2011
$120,000
Public Record
Sold
Dec 22, 2009
$115,000
Public Record
Sold
Mar 7, 2001
$107,000
Public Record
Sold
Sep 13, 1994
$53,000
Public Record