Jordan Bennett of Regency Real Estate Brokers - 949-829-7484
Orange County Condo ManiaMLS: OC25170248 $669,000
Bedrooms with Baths26 LAKEPINES
IRVINE CA 92620MLS: OC25170248
Status: ACTIVE
List Price: $669,000
Price per SQFT: $0
Square Footage: 0Bedrooms
Baths
Year Built: 1978
Zip Code: 92620Listing Agent: RICHARD WAMSAT of COLDWELL BANKER REALTY 949-864-6933
Listing Remarks
Price Reduced! Secure day-one rental income in Irvine at just $669,000, more than $50,000 below today’s market value. The most recent comparable sale in the community closed last year at $700,000. With a conservative appreciation of 1.73% over the last 12 months, that value is about $712,000 today. Adding this home’s extra half bath and superior upgrades brings fair market value closer to $727,000. At $669,000, you step in with instant equity. A long-term tenant is already in place, paying $2,725/month through June 30, 2026. That means immediate income with no vacancy risk. With current market rent closer to $2,900/month, there is built-in upside when the lease renews. This townhome offers the advantage of no neighbors above or below and the bonus of a rare fenced patio with upgrades like a retractable awning, stone pavers, and raised planter boxes. Inside, the home features a remodeled kitchen with granite countertops and stainless steel appliances, both bathrooms remodeled with plenty of storage, and elegant touches like recessed lighting, ceiling fans, crown molding, paneled wainscoting, paneled doors, two-tone paint, completely remodeled interiors, hardwood flooring, and wrought iron stair railings. Additional highlights include energy-efficient central heating and air conditioning, dual-pane windows, and a full suite of appliances: refrigerator, washer, and dryer, all of which are included in the sale. One assigned covered carport parking space is included, with additional guest and street parking available. HOA dues cover water, sewer, trash, and exterior maintenance, making this an easy-to-manage investment. The Lakes is a tranquil community of mature trees, streams, and walking paths, with amenities that include pools, spas, and tennis courts. Its central Irvine location is close to freeways, business hubs, shopping, and award-winning schools, making it a desirable spot for long-term rental stability. This is an ideal fit for 1031 exchange buyers or investors seeking a turnkey, low-maintenance property with secure cash flow and appreciation potential in one of Southern California’s strongest rental markets.
Address: 26 LAKEPINES IRVINE CA 92620
Community: THE LAKES ... Listing 1 of 6
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Featured Agent
Jordan Bennett
Regency Real Estate Brokers
Team Lead - DRE: 01850869
Phone: 949-829-7484
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Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: Standard LISTING CONTRACT DATE: 2025-07-30 BUILDING AREA TOTAL: 1115 YEAR BUILT: 1978 TAXES: $3,849 HOA/MGMT CO: Lakes Master HOA/MGMT PHONE: 949-372-4029 HOA FEES FREQUENCY: Monthly HOA FEES: $344 HOA INCLUDES: Sewer HOA AMENITIES: MaintenanceGrounds, Insurance, MaintenanceFrontYard, Pool, SpaHotTub, TennisCourts, Trash APPLIANCES INCLUDED: Dishwasher, ElectricCooktop, ElectricRange, FreeStandingRange, Disposal, GasWaterHeater, Microwave, Refrigerator, WaterToRefrigerator, Dryer, Washer ARCHITECTURAL STYLE: Traditional, PatioHome CONSTRUCTION: HardiplankType, Stucco, WoodSiding COMMUNITY FEATURES: Lake, StormDrains, StreetLights, Suburban, Sidewalks, Pool EXTERIOR FEATURES: Awnings FIREPLACE: None FLOORING: Carpet, Tile, Wood HEATING: Central COOLING: CentralAir INTERIOR FEATURES: CeilingFans, CrownMolding, GraniteCounters, PanelingWainscoting, RecessedLighting, AllBedroomsUp, WalkInClosets LAUNDRY FEATURES: Inside, LaundryCloset, UpperLevel LOT FEATURES: BackYard, Landscaped, Level, RectangularLot # GARAGE SPACES: 0 PARKING FEATURES: Assigned, Covered, Carport, Guest PROPERTY TYPE: ResidentialIncome PROPERTY SUB TYPE: Townhouse ROOF: Composition POOL FEATURES: Community, Fenced, Gunite, Heated, InGround, Association SPA FEATURES: Association, Community, Gunite, Heated, InGround STORIES TOTAL: 2 NUMBER OF UNITS TOTAL: 1 DIRECTION FACES: Northeast VIEW: None LISTING AGENT: RICHARD WAMSAT LISTING OFFICE: COLDWELL BANKER REALTY LISTING CONTACT: 949-864-6933
Estimated Monthly Payments
List Price: $669,000 20% Down Payment: $133,800 Loan Amount: $535,200 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $3,383 Estimate does not include taxes, fees, insurance.
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Property Location: 26 LAKEPINES IRVINE CA 92620
This Listing
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Featured Agent
Jordan Bennett
Regency Real Estate Brokers
Team Lead - DRE: 01850869
Phone: 949-829-7484
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Last Updated: 2025-11-18 19:26:47