23224 Orange Avenue 5, Lake Forest, California 92630, Lake Forest, 92630 - 1 bed, 1 bath
23224 Orange Avenue 5
Lake Forest, California 92630
Property Price
SUMMARY
Analysis of 23224 Orange Avenue 5, Lake Forest, California 92630 is currently available with a list price of $375,000. 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 move-in ready with significant recent updates to key areas. The kitchen features quartz countertops and newer appliances, while the bathroom has been refreshed with a new vanity and faucet. Although the building dates to 1980, the interior components are well-maintained and modernized, meeting the criteria for a well-maintained, updated home.
PROSSTRENGTHS & OPPORTUNITIES
- Modernized Interior Upgrades
The condo features contemporary finishes including quartz countertops, newer kitchen appliances, and a refreshed bathroom with a new vanity and faucet, making it move-in ready.
- Ground-Level Accessibility
As a lower-level unit, this property offers easy access without the need for stairs and includes the significant convenience of in-unit laundry facilities.
- Strategic Central Location
The property is ideally situated within the Aliso Creek Villas, providing residents with quick access to the 5 Freeway, local schools, and various shopping destinations.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 724, other record living area = 685.
- High Association Fees
The monthly HOA fee of $637 is notably high for a one-bedroom condo, which may impact the monthly carrying costs and overall affordability for some buyers.
- Limited Living Space
At 724 square feet, the compact one-bedroom layout offers limited flexibility for buyers requiring a home office or additional storage space.
About 23224 Orange Avenue 5
Welcome to a Charming, lower unit, one-bedroom, one-bathroom condo. As you step inside, you’ll be greeted by a bright and airy open-concept living space. The living room is spacious enough for both relaxation and entertainment, seamlessly flowing into the dining area. The kitchen has-quarts counter tops, newer appliances, including refrigerator, oven, range and dishwasher. The Master bedroom is a cozy retreat with ample walk-in closet and additional closet space. The bathroom has walk-in tub/shower, new vanity and faucet. This condo offers the convenience of in-unit laundry facilities, ensuring your comfort and ease. With its prime location, the Aliso Creek Villas Community is centrally located, close to shopping, schools and 5 Freeway.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1980
- Lot Size
- 1,500 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $637.0 / Month
Neighborhood Insights
Lake Forest Unified Schools
Los Alisos Intermediate School
Grades 7-8 • 0.5 mi
Mission Viejo High School
Grades 9-12 • 2.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 21% |
| Baths | 1.0 | 2.0 | 31% |
| Square foot | 724 | 1,022 | 14% |
| Lot Size | 1,500 | 190,810 | 27% |
| Price | $375.0K | $610.0K | 7% |
| Price per sq ft | $518 | $603 | 14% |
| Built year | 1980 | 1983 | 30% |
| HOA | $637.0 | $475 | 90% |
| Days on market | 39 | 176 | 3% |
Pricing History
Listed for Sale
Feb 24, 2026
$375,000
$399,000
-6% Price Drop
Initial Listing
Price Change
Jan 27, 2026
$399,000
Initial Listing
Sold
May 28, 2021
$315,000
Public Record