
Lake Forest, California 92630
This property presents a High-Potential Investment Opportunity with a List Price of $999,000—positioned well above the $887,716 Fair Market Value by -12%. Featuring a Fair Condition Rating (5/10), the home requires a full interior rehab to modernize its 1966 vintage layout. However, the expansive 7,320-square-foot lot offers significant ADU Potential for rental income. This asset is best suited for Buy-and-Hold Investors or Contractors capable of executing a value-add renovation to maximize long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23051 Cavanaugh Road Subject | $999,000* List Price | 3 | 2 | 1,157 | $767 | - |
A 24192 Birdrock Sold | $1,049,400 | 3 | 2 | 1,413 | $743 | 0.7 mi |
B 24096 Hurst Sold | $956,000 | 4 | 2 | 1,540 | $621 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1966 with no significant renovations in over 30 years. The kitchen features dated cabinetry and appliances, the bathroom is original/outdated, and the property requires a full interior rehab to meet modern standards.
The generous 7,320-square-foot lot provides significant backyard space with the potential to add an Accessory Dwelling Unit (ADU), offering excellent opportunities for rental income or multi-generational living.
Ideally situated with easy access to the 5 and 405 freeways, the property is just moments away from premier shopping, dining, and picturesque public parks, ensuring high convenience for commuters.
The single-story floor plan offers a highly functional and accessible layout that appeals to a broad range of buyers, including those looking for long-term aging-in-place options.
With only 1,157 square feet of living space for a three-bedroom home, the interior rooms may feel compact compared to modern residential standards.
Built in 1966, the home may require significant modern updates or cosmetic renovations to meet current design trends and energy efficiency expectations.
Welcome to this single-level residence that boasts 3 bedrooms and 2 bathrooms. Nestled on an expansive 7,320-square-foot lot that presents a potential opportunity to build an Accessory Dwelling Unit (ADU)—perfect for accommodating guests or generating rental income. As you step inside, you’ll be greeted by warm laminate flooring that mimics the look of hardwood, running throughout the living areas. A see-through kitchen that opens to the dining area provides effortless mealtimes and entertaining. The primary bedroom features an ensuite bathroom that provides both privacy and convenience, and the additional two bedrooms add versatile living options, complemented by a secondary bathroom. This home is ideally located just moments away from a diverse array of shopping destinations and delightful dining options. The surrounding neighborhood is dotted with scenic public parks, offering lush green spaces that are perfect for strolls, picnics, or outdoor play. In addition to its picturesque surroundings, this property enjoys easy access to quality schools and the 5 and 405 freeways, making commuting a breeze. Lake Forest is a vibrant community that seamlessly blends outdoor adventures, cultural experiences, and an abundance of family-friendly activities, catering to a wide range of interests.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,157 | 2,240.102 |
| Lot Size | 7,320 | 5,415.915 |
| Price | $999.0K | $1.45M |
| Price per sq ft | $863 | $665 |
| Built year | 1966 | 1981 |
| HOA | $0 | $159 |
| Days on market | 14 | 47 |
Aug 26, 2026
$999,000
Initial Listing