
Irvine, California 92612
This property presents a High-Potential Investment Opportunity with a List Price of $1,650,000—positioned well below the $1,713,815 Fair Market Value by 3%. This valuation gap offers $63,815 in Instant Equity for buyers. Featuring a Condition Rating of 4, the home requires modernization but offers significant upside in a prime University Park location. With access to Top-Rated Schools (9/10 ratings) and scenic greenbelt views, this is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to customize a legacy property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4 Mandrake Way Subject | $1,500,000* List Price | 4 | 3 | 2,304 | $716 | - |
A 16 Palmento Sold | $1,410,000 | 3 | 3 | 1,749 | $806 | 0.5 mi |
B 94 Sequoia Tree Lane Sold | $1,200,000 | 3 | 3 | 1,708 | $703 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1967 and largely in original condition, the property is well-maintained but aesthetically dated with 1970s-style parquet flooring and mirrored walls. While functional and move-in ready, the kitchen, baths, and systems likely require significant updates to meet modern standards.
Situated in one of Irvine’s most iconic communities near UCI, this property offers direct access to 47 acres of lush greenbelts, resort-style amenities, and top-tier schools.
With over 2,300 square feet of living space and 'original design splendor,' this home serves as a perfect canvas for a modern renovation to create a high-end custom showpiece.
The home features a private gated courtyard entry and a rare rear gate leading directly to scenic pathways, providing a seamless blend of security and community access.
Held by the same family since 1973, the property likely requires a substantial capital investment to update original finishes and systems to meet current market standards.
Built in 1967, the home may have older plumbing, electrical, and insulation components that could necessitate costly upgrades during the remodeling process.
Rare opportunity to own in Irvine’s highly sought-after University Park community. Lovingly held and maintained since 1973, this spacious 4-bedroom, 2.5-bath residence offers approximately 2,300 square feet of living space in a prime interior location. A rare and valuable asset for the area, this property features two garages and two separate driveways, providing exceptional parking and storage. Set behind a private gated courtyard entry, the home features generous living areas by a cozy fireplace, rich wood and stone flooring, and timeless architectural details. This versatile floorplan is ideal for expansion and reimagining, offering a flexible layout ready for its next chapter. The master suite serves as a peaceful retreat, showcasing dramatic vaulted ceilings and a private balcony overlooking the scenic greenbelt and community pool. Ideally positioned along a peaceful greenbelt, the property enjoys tranquil views and direct access to miles of community pathways. Walk directly to the pool right from your private rear gate. Residents of University Park enjoy access to premier community amenities including pools, spas, clubhouse facilities, tennis courts, a pickleball court, parks, picnic areas, playgrounds, and expansive greenbelts. The location places you just minutes from the University of California, Irvine, Rancho San Joaquin Golf Course, shopping, dining, parks, and major transportation corridors. Due to its exceptional proximity to the UCI campus and surrounding employment centers, this property offers incredible potential as a long-term addition to any investment portfolio. This is a highly time-sensitive opportunity to acquire a home offering an increasingly rare combination of size, unique features, location, and potential in University Park.
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades 7-8 • 1.0 mi
Grades 9-12 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 65% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,304 | 1,708 | 65% |
| Lot Size | 3,200 | 3,680 | 32% |
| Price | $1.50M | $1.49M | 52% |
| Price per sq ft | $651 | $881 | 10% |
| Built year | 1967 | 1974 | 13% |
| HOA | $181.0 | $294 | 35% |
| Days on market | 0 | 126 | 6% |
Jun 9, 2026
$1,500,000
$1,650,000
-9% Price Drop
Initial Listing
Jun 4, 2026
$1,650,000
Initial Listing