
Aliso Viejo, California 92656
This property presents a High-Potential Investment Opportunity with a List Price of $699,900—positioned well below the $664,704 Fair Market Value by -5%. While the property requires a full cosmetic rehab given its Condition Rating of 5, the single-level layout, private greenbelt location, and VA/FHA eligibility provide a solid foundation for value-add projects. The extra-large patio and proximity to community amenities offer significant upside for forced appreciation. This asset is an ideal acquisition for Value-Add Investors or first-time buyers seeking to build equity through renovation.
Fixer-upper in Aliso Viejo! 3BR/2BA single-level home with greenbelt views, private patio, and 2-car garage. VA/FHA approved. Perfect value-add opportunity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23526 Los Adornos Subject | $699,900* List Price | 3 | 2 | 1,240 | $536 | - |
A 23565 El Cerrito Sold | $695,000 | 3 | 2 | 1,240 | $560 | 0.1 mi |
B 23455 El Reposa Active | $700,000 List Price | 3 | 2 | 1,240 | $565 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1971 (55 years old) with no mention of recent renovations. The listing description 'ready for your personal touches' is a standard indicator of a fixer-upper. Visual evidence shows significant cracking in the patio concrete and dated exterior features like security bars, suggesting the property requires a full cosmetic rehab and likely updates to aged systems.
This single-level residence is attached on only one side with no neighbors above or below, offering a rare level of privacy and quietude typically found in detached homes.
Tucked away in a secluded setting adjacent to a spacious greenbelt, the property features an extra-large patio that maximizes outdoor living and scenic park views.
Being both VA- and FHA-approved, this property is accessible to a wide range of buyers, including first-time homeowners and veterans, which increases its marketability.
Built in 1971 and described as needing 'personal touches,' the home likely requires a budget for cosmetic or functional updates to meet modern aesthetic standards.
The $530 monthly association fee represents a significant recurring carrying cost that may impact the overall affordability for budget-conscious buyers.
Location, location, location! Tucked away in a private, secluded setting adjacent to a spacious greenbelt, this single-level is ready for your personal touches. Featuring 3 bedrooms, 2 bathrooms, and a versatile bonus room, this home is attached on only one side and offers the privacy of having no one above or below. The extra large patio with vinyl fencing is perfect for outdoor barbecues, entertaining, or simply relaxing. Additional highlights include central air conditioning, inside laundry, and a spacious 2-car garage. Residents enjoy access to the association pool, with a nearby community park adding to the neighborhood’s appeal. Ideally located in Aliso Viejo, just 15 minutes from Orange County’s beautiful beaches and approximately 90 minutes from the local mountains. This VA- and FHA-approved home presents an excellent opportunity for first-time buyers, downsizers, or investors alike.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,240 | 2,016 |
| Lot Size | 2,264 | 4,800 |
| Price | $699.9K | $1.50M |
| Price per sq ft | $564 | $776 |
| Built year | 1971 | 1995 |
| HOA | $530.0 | $106 |
| Days on market | 22 | 45 |
Jun 30, 2026
$699,900
Initial Listing
Mar 20, 2009
$202,500
Public Record
Sep 9, 2004
$430,000
Public Record
Nov 7, 2001
$220,000
Public Record
Sep 3, 1993
$132,000
Public Record