23262 Orange, Lake Forest, California 92630, Lake Forest, 92630 - 3 bed, 2 bath
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Lake Forest, California 92630
This 3-bedroom condominium represents a High-Potential Investment Opportunity, listed at a List Price of $489,000—positioned well below the $477,593 Fair Market Value by -2%. While the property carries a Fair Condition Rating and requires cosmetic updates, the open-concept layout and high ceilings provide a solid foundation for value-add renovations. Located within the Saddleback Valley Unified School District, this asset is ideal for Buy-and-Hold Investors or first-time buyers looking to build equity through strategic improvements in a competitive Lake Forest market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23262 Orange Subject | $489,000* List Price | 3 | 2 | 1,132 | $422 | - |
A 23288 Orange Avenue 5 Sold | $355,000 | 1 | 1 | 685 | $518 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1980 (44 years old) and the listing explicitly states it needs 'TLC' and is priced for a quick sale. Interior photos show dated popcorn ceilings, older fixtures, and a missing closet door, indicating that the kitchen, baths, and systems likely require a full rehab to meet modern standards.
Priced under $500,000 for a 3-bedroom unit in Lake Forest, this property represents a rare entry-level opportunity significantly below market value for the region.
The interior boasts high ceilings and an open-concept kitchen flowing into the living area, providing a spacious and airy atmosphere that is highly desirable for modern living.
The property is identified as needing 'TLC,' offering a significant opportunity for first-time homebuyers or investors to build immediate sweat equity through cosmetic renovations.
The monthly HOA fee of $637 is substantial, which increases the total monthly carrying cost and may impact the affordability for budget-conscious buyers.
The property is not in move-in ready condition and requires additional capital investment for repairs and updates, which could complicate certain types of financing.
Don’t miss this incredible opportunity for first-time homebuyers! This 3-bedroom, 2-bathroom condo is priced below market for a quick sale, and it won’t last. With just a little TLC, you can turn it into the home you’ve always dreamed of. The bright and spacious master bedroom offers generous space, along with two well-sized secondary bedrooms. A wide hallway enhances the home’s open, airy feel, while the open-concept kitchen flows seamlessly into the living area. High ceilings add to the modern, spacious atmosphere throughout. Opportunities like this at this price are rare. Schedule your showing today before it’s gone!
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 | 3.0 | 2.0 | 60% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,132 | 1,100 | 53% |
| Lot Size | 870,887 | 168,296 | 95% |
| Price | $489.0K | $599.9K | 21% |
| Price per sq ft | $432 | $603 | 1% |
| Built year | 1980 | 1983 | 28% |
| HOA | $637.0 | $475 | 89% |
| Days on market | 32 | 130 | 5% |
May 22, 2026
$489,000
$489,900
+0% Price Increase
Initial Listing
May 5, 2026
$489,900
Initial Listing
Mar 13, 2009
$175,000
Public Record
Sep 20, 2005
$200,000
Public Record