23298 Orange 4, Lake Forest, California 92630, Lake Forest, 92630 - 1 bed, 1 bath
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23298 Orange 4
Lake Forest, California 92630
ACTIVE
CONDITION: GOOD
1Beds
1Baths
685Sq Ft
870,887Lot Size
Property Price
LIST PRICE$375,000
EST. MARKET VALUE
$382,881
SUMMARY
This Prime Investment Opportunity is listed at a List Price of $375,000—positioned well below the $382,882 Fair Market Value by 2%. This valuation gap offers $7,882 in Instant Equity for the buyer. Featuring a Condition Rating of 3, this unit offers a move-in ready interior with vaulted ceilings and new flooring. Located in the Saddleback Valley Unified district, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a low-maintenance, resort-style lifestyle.
Estimated Market Value
$382,881
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 |
|---|---|---|---|---|---|---|
★ 23298 Orange 4 Subject 1 bd · 1 ba · 685 sqft · $559 | $375,000* List Price | 1 | 1 | 685 | $559 | - |
A 23216 Orange Avenue 6 Sold 1 bd · 1 ba · 685 sqft · $518 · 0.0 mi | $355,000 | 1 | 1 | 685 | $518 | 0.0 mi |
B 23224 Orange Avenue 5 Sold 1 bd · 1 ba · 724 sqft · $518 | $375,000 | 1 | 1 | 724 | $518 | - |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1980 but features recent cosmetic updates including new flooring and fresh paint. The unit appears well-maintained, functional, and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Modernized Interior
The unit features thoughtful updates including new flooring and vaulted ceilings, creating a bright and contemporary living space that is move-in ready.
- Resort-Style Amenities
Residents enjoy access to three swimming pools, a clubhouse, and a playground, offering a high-quality lifestyle within the Aliso Creek Villas community.
- Prime Location
Centrally located in South Orange County, the property offers quick access to top-rated schools, premium shopping, and diverse dining options.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =870887, other record lot size in square feet = 1228416.
- High Association Fees
The monthly HOA fee of $687 is relatively high for a one-bedroom unit, which may impact the overall monthly affordability for budget-conscious buyers.
- Compact Living Area
With only 685 square feet of living space, the property may feel restrictive for those requiring more room or significant storage.
About 23298 Orange 4
Resort style living in Aliso Creek Villas! Centrally located in South Orange County to all the best entertainment, shopping and restaurants. Close to award winning schools. This thoughtfully planned out upper unit features a bright and efficient floorplan. The property is updated with thoughtful finishes throughout. The large living room has vaulted ceilings and new flooring. The balcony has great views for those sunset nights. The community offers three sparkling swimming pools, Clubhouse, and playground. Additional features include convenient indoor laundry room, assigned parking and quick access to community amenities. A wonderful opportunity to enjoy low maintenance living in the heart of Lake Forest. Come see today!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1980
- Lot Size
- 870,887 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $687.0 / 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 | 1.0 | 2.1 |
| Baths | 1.0 | 2.0 |
| Square foot | 685 | 1,096.746 |
| Lot Size | 870,887 | 185,385.508 |
| Price | $375.0K | $649.6K |
| Price per sq ft | $547 | $596 |
| Built year | 1980 | 1986 |
| HOA | $687.0 | $502 |
| Days on market | 36 | 57 |
Pricing History
Listed for Sale
Sep 19, 2026
$375,000
Initial Listing
Sold
Mar 31, 2023
$375,000
Public Record
Sold
Oct 23, 2009
$127,000
Public Record
Sold
Jan 23, 2006
$250,000
Public Record
Sold
May 12, 1995
$56,000
Public Record
Sold
Aug 19, 1994
$42,000
Public Record