Property Details
About this Property
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 yo
MLS Listing Information
MLS #
CRPW26069504
MLS Source
California Regional MLS
Days on Site
2
Interior Features
Bedrooms
Ground Floor Bedroom
Appliances
Dishwasher, Hood Over Range
Fireplace
Other
Cooling
Other
Heating
Other
Exterior Features
Pool
Community Facility, Other
Parking, School, and Other Information
Garage/Parking
Carport, Garage: 1 Car(s)
Elementary District
Saddleback Valley Unified
High School District
Saddleback Valley Unified
HOA Fee
$424
HOA Fee Frequency
Monthly
Complex Amenities
Barbecue Area, Community Pool, Picnic Area, Playground
Neighborhood: Around This Home
Neighborhood: Local Demographics
Market Trends Charts
Nearby Homes for Sale
20702 El Toro Unit 233 is a Condominium in Lake Forest, CA 92630. This 916 square foot property sits on a 8.314 Acres Lot and features 2 bedrooms & 2 full bathrooms. It is currently priced at $529,000 and was built in 1980. This address can also be written as 20702 El Toro Unit 233, Lake Forest, CA 92630.
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This listing information is up-to-date as of April 05, 2026. For the most current information, please contact Stephanie Gutierrez, (562) 370-5273
