42 Topanga, Irvine, California 92602, Irvine, 92602 - 4 bed, 3 bath
42 Topanga
Irvine, California 92602
Property Price
SUMMARY
Analysis of 42 Topanga, Irvine, California 92602 reveals a Prime Investment Opportunity with a current list price of $2,388,000—significantly undercutting the $2,490,134 Fair Market Value by 4%. This valuation gap indicates a +$102,134 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Irvine Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42 Topanga Subject | $2,388,000* List Price | 4 | 3 | 2,923 | $852 | - |
A 24 Malibu Sold | $2,508,888 | 4 | 3 | 2,843 | $882 | 1.0 mi |
B 10 Rutherford Sold | $2,388,000 | 3 | 4 | 2,849 | $838 | 0.2 mi |
C 19 Inglenook Sold | $2,240,000 | 4 | 4 | 2,971 | $754 | 0.1 mi |
D 12 Inglenook Sold | $2,090,000 | 4 | 3 | 2,407 | $868 | 0.2 mi |
E 2 Dos Rios Active | $2,880,000 List Price | 4 | 3 | 3,318 | $868 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 2001, the property has undergone an extensive recent renovation that meets current luxury standards. The kitchen features modern white shaker cabinetry, premium stone countertops, and high-end stainless steel appliances. The bathrooms have been fully updated with contemporary tile work and fixtures. With new wide-plank flooring, modern recessed lighting, and a turnkey interior, the home shows no signs of deferred maintenance and aligns with the 'Excellent' criteria for recent extensive renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Location & Top-Tier Schools
Situated in the prestigious Northpark community, this home is within walking distance to top-rated institutions like Beckman High and Hicks Canyon Elementary, offering exceptional educational value and convenience.
- Turnkey Modern Upgrades
The property features recent high-end upgrades and a bright, functional floor plan, providing a move-in-ready experience with contemporary finishes and abundant natural light throughout.
- Premium Community Amenities
Residents enjoy access to the exclusive Northpark lifestyle, which includes multiple community pools, parks, and scenic walking trails, all within a highly desirable and well-maintained neighborhood.
CONSRISKS & DEFICIENCIES
- Compact Lot Size
With a lot size of 4,950 square feet for a nearly 3,000 square foot residence, the outdoor space is relatively limited, which may be a drawback for buyers prioritizing a large private yard.
- Aggressive Pricing
The listing price of $2.388M represents a significant premium over its 2021 sale price of $1.705M, potentially challenging appraisal values despite the recent upgrades.
About 42 Topanga
Beautifully newly upgraded home located in the highly desirable Northpark community. This move-in ready residence offers a bright and functional floor plan with open living spaces filled with natural light, creating a warm and inviting atmosphere. Recent upgrades enhance the home’s modern appeal, while the seamless flow between living and dining areas makes it ideal for both everyday living and entertaining. Step outside to a private backyard featuring a charming water fountain, providing a peaceful setting for relaxation or gatherings. Residents enjoy access to community parks, pools, and walking paths, along with top-rated schools nearby. Conveniently located close to shopping, dining, and major commuter routes, this home offers comfort, lifestyle, and location all in one exceptional opportunity.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2001
- Lot Size
- 4,950 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $152.0 / Month
Neighborhood Insights
Irvine Unified Schools
Hicks Canyon Elementary School
Grades PK-5 • 0.5 mi
Orchard Hills School
Grades K-8 • 1.7 mi
Tustin Connect Academy
Grades K-8 • 2.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 4.0 | 41% |
| Square foot | 2,923 | 3,056 | 46% |
| Lot Size | 4,950 | 4,817 | 52% |
| Price | $2.39M | $2.72M | 25% |
| Price per sq ft | $817 | $946 | 20% |
| Built year | 2001 | 2016 | 20% |
| HOA | $152.0 | $345 | 21% |
| Days on market | 17 | 171 | 3% |
Pricing History
Listed for Sale
Feb 18, 2026
$2,388,000
Initial Listing
Sold
Nov 2, 2021
$1,705,000
Public Record
Sold
Mar 25, 2013
$1,026,000
Public Record