REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 4,995,000
Est. payment /mo
Active
24521 Raymond Lake Forest, CA 92630
7 Beds
0.4 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25233711
Bedrooms 7
Lot Size 0.402 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Discover this exceptional multifamily investment opportunity located in a quiet Lake Forest cul-de-sac. Originally constructed in 1977 as an 8-unit property, this asset now features 10 total units with the addition of two brand-new 2 bedroom / 2 bathroom ADUs built in 2024. The entire property underwent a major renovation over the past few years, including new roofs, exterior paint, dual-pane windows and sliders, six of nine water heaters replaced, and a full property fumigationmaking this a low-maintenance, move-in ready asset for investors. Situated on a spacious 17,498 SF lot, the unit mix includes a blend of 1 and 2 bedroom floorplans, appealing to a wide tenant base. Residents enjoy thoughtful amenities such as patios or balconies, walk-in closets, wall A/C units, and community laundry along with the added convenience of individual storage units and camera systems providing extra security. The two newly constructed ADUs stand out with in-unit washer/dryers, dishwashers, microwaves, ceiling fans, solar power, and an EV chargermodern conveniences that attract quality tenants and support premium rents. Parking is abundant, with 15 garages and open spaces, providing more than one space per bedrooma rare advantage in multifamily properties. Fully SB 721 compliant, this is a clean and well-maintained asset with strong curb appeal and long-term upside. With contemporary interiors, essential upgrades already completed, and added ADU income potential, this Lake Forest property is a standout in todays market.
Location
State CA
County Orange
Zoning Public Rec
Direction South of Muirlands Boulevard and West of El Toro Road
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 61744127
Listed by Rick Applebaum Morgan Skenderian
GET MORE INFORMATION
Quick Search
- San Francisco, CA
- San Jose, CA
- Oakland, CA
- Berkeley, CA
- Mountain View, CA
- Palo Alto, CA
- Fremont, CA
- Pleasanton, CA
- Sacramento, CA
- Vallejo, CA
- Tracy, CA
- Daly City, CA
- Antioch, CA
- Hayward, CA
- San Leandro, CA
- Livermore, CA
- Fairfield, CA
- Vacaville, CA
- San Meto, CA
- Walnut Creek, CA
- San Rafael, CA
- Concord, CA
- Danville, CA
- Benicia, CA
- Suisun City, CA
- Dixon, CA
- Dublin, CA
- Alameda, CA
- Orinda, CA
- Lafayette, CA