23232 Orange Av #2, Lake Forest, California 92630, Lake Forest, 92630 - 1 bed, 1 bath
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Lake Forest, California 92630
This Turnkey Condominium represents a Strong Value Opportunity, listed at $389,000—positioned well below the $444,684 Fair Market Value by 12%. This valuation gap provides $55,684 in Instant Equity. Featuring an Excellent Condition Rating following a $75,000 renovation and 2025 appliance upgrades, this home offers a City Lights View and access to the Saddleback Valley Unified school district. It is a move-in-ready sanctuary ideal for first-time buyers or Owner-Occupants seeking a high-quality, low-maintenance lifestyle in Lake Forest.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23232 Orange Av #2 Subject | $389,000* List Price | 1 | 1 | 800 | $550 | - |
A 23294 Orange Avenue 6 Sold | $375,000 | 1 | 1 | 685 | $547 | 0.0 mi |
B 22722 Malaga Sold | $505,000 | 2 | 1 | 873 | $578 | 0.7 mi |
C 23224 Orange Avenue 5 Active | $375,000 List Price | 1 | 1 | 724 | $518 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent an extensive $75,000 renovation between 2022 and 2025, including a fully updated bathroom, new flooring, and brand-new 2025 appliances and wall AC units. Since the major systems and interior finishes were updated within the last 5 years, it meets the criteria for excellent condition.
The property boasts a $75,000 renovation from 2022 and brand-new 2025 appliances, including a refrigerator, washer/dryer, and dishwasher, ensuring a turnkey experience.
Ideally situated near the 5 Freeway, Lake Forest Golf Course, and top-rated schools, providing residents with exceptional convenience and lifestyle amenities.
The absence of Mello-Roos taxes combined with an HOA fee that covers water, sewer, and trash services offers significant monthly savings and financial predictability.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 800, other record living area = 685.
Built in 1960, the building's age may present limitations in structural efficiency and modern architectural design compared to newer residential developments.
The property utilizes wall-mounted air conditioning units rather than a central climate control system, which may be less efficient and less appealing to some buyers.
Charming Upper-Level Condo in Prime Aliso Creek Village Location Welcome to this beautifully maintained upper-level condo in the highly sought-after Aliso Creek Villas community. Perfectly situated near top-rated schools, premier shopping, dining, entertainment, and with easy access to major freeways, this home offers both convenience and comfort. Step inside to discover a spacious kitchen and generous dining area, both featuring low-maintenance flooring, ideal for everyday living and entertaining. The property is centrally located near popular shopping centers, Lake Forest Golf Course, and the 5 Freeway, making it a prime choice for modern living. Recent Upgrades (2022-2025): • 2025: Brand-new dishwasher, refrigerator, washer, dryer, Microwave ,standing electric Range, wall Air conditions and garbage disposal. • 2022: Extensive remodeling with $75,000 invested in new countertops, updated bathroom, and new flooring throughout. Additional Benefits: • Association dues cover water, sewer, trash, and landscaping maintenance. • No Mello-Roos tax. This is a fantastic opportunity to own a move-in-ready home at an excellent price in a vibrant community. Don’t miss out!
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 |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 800 | 1,092 |
| Lot Size | - | 91,110.5 |
| Price | $389.0K | $658.2K |
| Price per sq ft | $486 | $606 |
| Built year | 1960 | 1988 |
| HOA | $490.0 | $424 |
| Days on market | 14 | 50 |
Jul 21, 2026
$389,000
$340,000
+14% Price Increase
Initial Listing
Jul 19, 2026
$340,000
$389,000
-13% Price Drop
Initial Listing
Jul 8, 2026
$389,000
Initial Listing
Feb 11, 2009
$100,000
Public Record
May 12, 2004
$225,000
Public Record
Jan 3, 2001
$101,500
Public Record