23278 Orange 8, Lake Forest, California 92630, Lake Forest, 92630 - 2 bed, 2 bath
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23278 Orange 8
Lake Forest, California 92630
ACTIVE
CONDITION: GOOD
2Beds
2Baths
947Sq Ft
870,887Lot Size
Property Price
LIST PRICE$425,000
EST. MARKET VALUE
$425,000
SUMMARY
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.
Estimated Market Value
$425,000
Based on Realkey algorithm analyzing recent comparable sales in Lake Forest.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23278 Orange 8 Subject 2 bd · 2 ba · 947 sqft · $449 | $425,000* List Price | 2 | 2 | 947 | $449 | - |
A 22828 Mesa Way 4 Sold 2 bd · 1 ba · 981 sqft · $489 · 0.6 mi | $480,000 | 2 | 1 | 981 | $489 | 0.6 mi |
B 23216 Orange Avenue 6 Sold 1 bd · 1 ba · 685 sqft · $518 · 0.0 mi | $355,000 | 1 | 1 | 685 | $518 | 0.0 mi |
C 23292 Orange Avenue 6 Sold 2 bd · 1 ba · 928 sqft · $431 | $400,000 | 2 | 1 | 928 | $431 | - |
D 23280 Orange Avenue 7 Sold 2 bd · 2 ba · 947 sqft · $465 | $440,000 | 2 | 2 | 947 | $465 | - |
E 23224 Orange Avenue 5 Sold 1 bd · 1 ba · 724 sqft · $518 | $375,000 | 1 | 1 | 724 | $518 | - |
F 25365 Via Verde #3 Active 2 bd · 2 ba · 1,020 sqft · $499 · 0.6 mi | $509,000 List Price | 2 | 2 | 1,020 | $499 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
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.
PROSSTRENGTHS & OPPORTUNITIES
- Prime End-Unit Positioning
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.
- Strategic Commuter Location
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.
- Functional Outdoor Utility
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.
CONSRISKS & DEFICIENCIES
- High Association Fees
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.
- Parking Constraints
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.
About 23278 Orange 8
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
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1980
- Lot Size
- 870,887 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 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
5/10
Mission Viejo High School
Grades 9-12 • 2.0 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.1 |
| Baths | 2.0 | 2.0 |
| Square foot | 947 | 1,096.746 |
| Lot Size | 870,887 | 185,385.508 |
| Price | $425.0K | $649.6K |
| Price per sq ft | $449 | $596 |
| Built year | 1980 | 1986 |
| HOA | $637.0 | $502 |
| Days on market | 226 | 57 |
Pricing History
Listed for Sale
Oct 19, 2026
$425,000
$435,000
-2% Price Drop
Initial Listing
Price Change
Aug 26, 2026
$435,000
$449,000
-3% Price Drop
Initial Listing
Price Change
Aug 18, 2026
$449,000
$465,000
-3% Price Drop
Initial Listing
Price Change
Jul 16, 2026
$465,000
$474,900
-2% Price Drop
Initial Listing
Price Change
Jul 2, 2026
$474,900
$479,000
-1% Price Drop
Initial Listing
Price Change
May 22, 2026
$479,000
$489,000
-2% Price Drop
Initial Listing
Price Change
Apr 24, 2026
$489,000
$499,000
-2% Price Drop
Initial Listing
Price Change
Mar 13, 2026
$499,000
Initial Listing
Sold
Jan 24, 2018
$316,000
Public Record
Sold
Jun 14, 2007
$315,000
Public Record
Sold
Sep 9, 2004
$300,000
Public Record
Sold
Aug 20, 2003
$211,000
Public Record
Sold
May 24, 2000
$113,000
Public Record