23278 Orange 8, Lake Forest, California 92630, Lake Forest, 92630 - 2 bed, 2 bath
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Lake Forest, California 92630
This Modernized Upper End-Unit Condominium is a High-Potential Investment Opportunity, listed at $499,000—positioned well below the $562,185 Fair Market Value by 11%. This valuation gap provides $63,185 in Instant Equity. Boasting a Move-In Ready Condition Rating, the home features a renovated kitchen with stone countertops, high ceilings, and a private balcony with greenbelt views. Located in the Saddleback Valley Unified district near major freeways, it balances commuter convenience with modern comfort. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking immediate value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23278 Orange 8 Subject | $465,000* List Price | 2 | 2 | 947 | $491 | - |
A 25652 Rimgate Drive 1d Sold | $515,000 | 2 | 1 | 899 | $573 | 0.2 mi |
B 21991 143 Rimhurst Sold | $499,999 | 2 | 1 | 829 | $603 | 0.4 mi |
C 21981 Rimhurst Dr # P-160 P-160 Sold | $505,000 | 2 | 1 | 829 | $609 | 0.4 mi |
D 25885 Trabuco Road 206 Sold | $599,000 | 2 | 2 | 1,190 | $503 | 0.7 mi |
E 21921 Rimhurst Dr 130-g Sold | $515,000 | 2 | 1 | 904 | $570 | 0.4 mi |
F 25712 Le Parc 7 Pending | $585,000 List Price | 2 | 2 | 996 | $587 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features extensive modern updates, including a renovated kitchen with stainless steel appliances and stone countertops, updated bathrooms with modern vanities, and contemporary flooring throughout. While the building was constructed in 1980, the interior has been well-maintained and significantly updated to meet current aesthetic standards.
As an upper end unit featuring high ceilings, this property offers enhanced privacy, superior natural light, and a more voluminous interior feel compared to standard interior units.
The property is ideally situated with rapid access to both the 5 and 405 freeways, making it an excellent choice for professionals commuting throughout Orange County.
The private front balcony includes a dedicated laundry closet, providing the highly sought-after convenience of in-unit laundry hookups while maximizing interior living space.
The monthly HOA fee of $637 is relatively high for a sub-1,000 square foot condo, which may impact the debt-to-income ratio and overall affordability for some buyers.
With only one assigned covered space and the second being unassigned, parking may be competitive or inconvenient for multi-vehicle households within the Aliso Creek Villas complex.
HOA MONTHLY DUES INCLUDE WATER AND TRASH. Well located upper end unit includes a living room with high ceilings and a front balcony over looking common area. The kitchen offers room for cooking, dinning and convenient access to the living room. Laundry closet on front balcony. Parking is 1 covered space near property and 1 unassigned, open space. Close to both the 5 and 405 fwys
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 | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 947 | 1,092 |
| Lot Size | 870,887 | 91,110.5 |
| Price | $465.0K | $658.2K |
| Price per sq ft | $491 | $606 |
| Built year | 1980 | 1988 |
| HOA | $637.0 | $424 |
| Days on market | 131 | 50 |
Jul 16, 2026
$465,000
$474,900
-2% Price Drop
Initial Listing
Jul 2, 2026
$474,900
$479,000
-1% Price Drop
Initial Listing
May 22, 2026
$479,000
$489,000
-2% Price Drop
Initial Listing
Apr 24, 2026
$489,000
$499,000
-2% Price Drop
Initial Listing
Mar 13, 2026
$499,000
Initial Listing
Jan 24, 2018
$316,000
Public Record
Jun 14, 2007
$315,000
Public Record
Sep 9, 2004
$300,000
Public Record
Aug 20, 2003
$211,000
Public Record
May 24, 2000
$113,000
Public Record