23214 Orange Avenue 3, Lake Forest, California 92630, Lake Forest, 92630 - 1 bed, 1 bath
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Lake Forest, California 92630
This Peaceful Aliso Creek Condo serves as a strategic entry-level asset with a List Price of $410,000, positioned near its $395,246 Fair Market Value. Holding a Condition Rating of 4, the 685-square-foot unit offers significant Value-Add potential through interior modernization to drive future ROI. The property is ideally situated near Whiting Ranch Wilderness Park, ensuring high rental demand and lifestyle appeal. This acquisition is best suited for Buy-and-Hold Investors or first-time buyers looking to build equity within the Saddleback Valley Unified district, served by the 7-rated Mission Viejo High School.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23214 Orange Avenue 3 Subject | $410,000* List Price | 1 | 1 | 685 | $577 | - |
A 23220 Orange 2 Sold | $339,000 | 1 | 1 | 685 | $495 | 0.4 mi |
B 23288 Orange Avenue 5 Sold | $355,000 | 1 | 1 | 685 | $518 | - |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980, this 44-year-old condo falls into the fair category as it exceeds the 40-year typical age for original construction without evidence of a full modern renovation. While the listing describes it as ideal for buyers or investors, the lack of highlighted interior upgrades suggests functional but dated systems and finishes consistent with regular upkeep rather than recent remodeling.
The property is ideally situated near Whiting Ranch Wilderness Park and Lake Forest Sports Park, offering residents exceptional access to premium outdoor recreation and hiking trails.
Priced at $410,000, this condo represents a highly accessible entry point for first-time buyers or investors looking to enter the competitive South Orange County real estate market.
Located within the Aliso Creek Villas, the unit benefits from a peaceful environment surrounded by lush greenbelts, providing a quiet and desirable residential atmosphere.
The association fee of $637 per month is relatively high for a one-bedroom unit, which significantly impacts the total monthly carrying cost and buyer purchasing power.
With only 685 square feet of living space, the property offers limited versatility for those requiring a home office or additional storage, potentially narrowing the buyer pool.
Peaceful 1-bedroom, 1-bath condo located in a quiet community in Lake Forest, surrounded by lush greenbelts. Conveniently located just minutes from Whiting Ranch Wilderness Park, Lake Forest Sports Park, and Foothill Ranch Towne Centre with great shopping, dining, and recreation nearby. This home is ideal for first-time buyers, downsizers, or investors seeking comfort, convenience, and a desirable location.
No exterior & parking available.
Grades 7-8 • 0.5 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 23% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 685 | 1,022 | 16% |
| Lot Size | 870,887 | 167,937 | 96% |
| Price | $410.0K | $610.0K | 12% |
| Price per sq ft | $599 | $600 | 49% |
| Built year | 1980 | 1983 | 26% |
| HOA | $637.0 | $465 | 90% |
| Days on market | 37 | 155 | 3% |
Mar 16, 2026
$410,000
Initial Listing
Mar 22, 2022
$305,000
Public Record
Jul 20, 2001
$105,000
Public Record
Oct 15, 1998
$78,000
Public Record