24521 Raymond, Lake Forest, CA 92630

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Glen Henderson

[email protected] +1(619) 889-7646

$4,995,000

Est. payment - /mo

7 Beds

0.4 Acres Lot

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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 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

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Listed by Rick Applebaum Morgan Skenderian

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

24521 Raymond Lake Forest, CA 92630

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Get More Information