
Lake Forest, California 92630
This Turnkey Single Family Residence is a Prime Investment Opportunity, listed at $1,279,000—positioned well below the $1,310,417 Fair Market Value by 2%. This valuation gap offers $31,417 in Instant Equity. Featuring a High-End Contemporary Remodel and a versatile ADU with private patio, the property maintains a Condition Rating of 2. Located in the Saddleback Valley Unified district, this home offers both lifestyle luxury and financial stability. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready, income-generating asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24541 Penfield Street Subject | $1,279,000* List Price | 4 | 3 | 2,093 | $626 | - |
A 24742 Belgreen Place Sold | $1,288,000 | 4 | 3 | 2,000 | $644 | 0.2 mi |
B 24851 Stem Sold | $1,242,000 | 4 | 3 | 2,152 | $577 | 0.5 mi |
C 24331 Blueridge Sold | $1,399,900 | 4 | 3 | 1,906 | $734 | 0.9 mi |
D 24781 Belgreen Place Sold | $1,200,000 | 4 | 2 | 1,690 | $710 | 0.3 mi |
E 24252 Palmek Circle Sold | $1,190,000 | 4 | 4 | 1,848 | $644 | 0.3 mi |
F 23352 El Perro Sold | $1,010,000 | 4 | 4 | 1,825 | $553 | 0.6 mi |
G 24501 Bridger Road Sold | $990,000 | 3 | 2 | 1,296 | $764 | 0.2 mi |
H 24492 Blackfoot Sold | $1,545,000 | 4 | 3 | 2,485 | $622 | 1.0 mi |
I 24132 Palmek Circle Pending | $1,149,998 List Price | 4 | 3 | 1,696 | $678 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a complete high-end contemporary remodel within the last 5 years, featuring a modern kitchen with quartz countertops, stainless steel appliances, new marble-look tile flooring, and recessed lighting throughout. The home is in turnkey, mint condition and includes a newly designed ADU.
The property features a thoughtfully designed Accessory Dwelling Unit (ADU) with a private entrance and patio, offering excellent potential for rental income, multi-generational living, or a secluded home office.
Completely transformed with a sophisticated contemporary aesthetic and premium finishes, this home provides a move-in-ready experience that eliminates the need for immediate post-purchase renovations.
The oversized driveway provides rare, abundant off-street parking with dedicated potential for a small RV or recreational vehicle, a significant value-add for the Lake Forest area.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2093, other record living area = 1467. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
While the interior is modern, the original 1965 structure may have aged underlying systems such as plumbing or electrical that could require future attention compared to newer builds.
With 2,093 square feet split between the main house and the ADU, the primary living areas may feel more constrained than a traditional single-family home of the same total square footage.
Welcome to this beautifully transformed home, offering high-end finishes, flexible living space, and a thoughtfully designed ADU with its own private front patio and separate entrance. The home has been completely remodeled with a sophisticated, contemporary aesthetic, featuring quality finishes, updated living spaces, and a light, inviting atmosphere throughout. The floor plan is designed for both everyday comfort and entertaining, while the separate ADU provides exceptional versatility for guests, extended family, a private office, or additional living space. Outside, the property continues to impress with an oversized driveway providing abundant off-street parking and potential space for a smaller RV or recreational vehicle. The backyard offers mature fruit trees and additional outdoor space to relax, garden, or entertain. Combining a high-end remodel, flexible ADU configuration, generous parking, and a desirable Lake Forest location, this home offers a rare opportunity for buyers seeking a turnkey home with added versatility and functionality.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,093 | 2,240.102 |
| Lot Size | 7,245 | 5,415.915 |
| Price | $1.28M | $1.45M |
| Price per sq ft | $611 | $665 |
| Built year | 1965 | 1981 |
| HOA | $0 | $159 |
| Days on market | 27 | 47 |
Aug 13, 2026
$1,279,000
Initial Listing
Mar 17, 2025
$900,000
Public Record
Dec 19, 2008
$397,000
Public Record
Jun 7, 2006
$655,000
Public Record