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20702 El Toro Unit 233, Lake Forest, CA 92630

$529,000 Approx. USD 2 beds, 2 baths
916 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Stephanie Gutierrez | stephsellshomes562@gmail.com
Lic#: 02036983
Broker: Courtesy of HT Real Estate Investments Inc
Phone: 5623705273

Agent Remarks

Welcome to Unit 233 at 20702 El Toro Road a spacious upper-level 2 bedroom and 2 bathrooms condo nestled in the serene, resort-style community of Pheasant Creek in Lake Forest. Situated across from the Aliso Creek Trail and just minutes from shops, restaurants, and services, this is one of the most sought-after condo communities in all of Orange County. This bright and airy upper-level unit offers nearly 1,000 sq ft of comfortable living with an open floor plan, vaulted ceilings, a private balcony with laundry access, and a generous layout featuring two full bedrooms and two bathrooms ideal for tenants and investors alike. Community amenities include multiple pools, spa, basketball courts, tennis courts, and garage parking, all wrapped in lush landscaping with peaceful running streams throughout. Perfectly positioned near top-rated schools , freeway and toll road access, golf courses, medical offices, shopping, and dining this location checks every box for sustained, long-term rental demand. The Investment Highlight: Tenant just renewed a new one-year lease at $2,000/month that's $24,000 in guaranteed annual rental income from day one. Zero vacancy. Zero hassle. This is the definition of a plug-and-play cash-flowing asset in a high-demand Orange County market. Whether you're scaling your portfolio or stepping into your first investment property, this one delivers immediate returns with serious long-term upside.

Listing Details

Property type: Condominium (Condo/Coop/Townhouse)

Status: Active

MLS# PW26069504

Price: $529,000

HOA Fee is $424.00

Beds: 2

Baths: 2 (2 full)

See Remarks fireplaces

Built in 1980

916 sqft

2 stories

8.31 acres

Lot size: 8.3146

Subdivision: Pheasant Creek

County: Orange

Interior features: All Bedrooms Down

Appliances: Dishwasher,Range Hood

Parking description: Carport

Lot description: ZeroToOneUnitAcre

Heating/cooling: See Remarks

Heating description: See Remarks

MLS area: FH - Foothill Ranch

Last Updated: 5/7/2026

Days On Market (DOM): 67

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This listing belongs to the FH - Foothill Ranch MLS area

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Lat/Long: 33.659388, -117.647346.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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