Jordan Bennett of Regency Real Estate Brokers - 949-829-7484
Orange County Condo ManiaMLS: PW26069504 $529,000
2 Bedrooms with 2 Baths20702 EL TORO UNIT 233
LAKE FOREST CA 92630MLS: PW26069504
Status: ACTIVE
List Price: $529,000
Price per SQFT: $578
Square Footage: 9162 Bedrooms
2 Baths
Year Built: 1980
Zip Code: 92630Listing Agent: STEPHANIE GUTIERREZ of HT REAL ESTATE INVESTMENTS INC 562-370-5273
Listing 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.
Address: 20702 EL TORO UNIT 233 LAKE FOREST CA 92630
Community: PHEASANT CREEK ... Listing 1 of 2
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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: 2026-04-04 BEDROOMS: 2 BATHROOMS FULL: 2 LIVING AREA SQ FT: 916 YEAR BUILT: 1980 HOA/MGMT CO: HOA Name: Pheasant Creek-El Toro Condominium Assoc HOA/MGMT PHONE: 832-678-4500 Ext HOA FEES FREQUENCY: Monthly HOA FEES: $424 HOA AMENITIES: OutdoorCookingArea, PicnicArea, Playground, Pool APPLIANCES INCLUDED: Dishwasher, RangeHood COMMUNITY FEATURES: Suburban, Pool FIREPLACE: SeeRemarks HEATING: SeeRemarks COOLING: SeeRemarks INTERIOR FEATURES: AllBedroomsDown LAUNDRY FEATURES: SeeRemarks LOT FEATURES: ZeroToOneUnitAcre # GARAGE SPACES: 1 PARKING FEATURES: Carport PROPERTY TYPE: Residential PROPERTY SUB TYPE: Condominium POOL FEATURES: Community, SeeRemarks, Association SPA FEATURES: SeeRemarks STORIES TOTAL: 2 NUMBER OF UNITS TOTAL: 416 LISTING AGENT: STEPHANIE GUTIERREZ LISTING OFFICE: HT REAL ESTATE INVESTMENTS INC LISTING CONTACT: 562-370-5273
Estimated Monthly Payments
List Price: $529,000 20% Down Payment: $105,800 Loan Amount: $423,200 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $2,675 Estimate does not include taxes, fees, insurance.
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Property Location: 20702 EL TORO UNIT 233 LAKE FOREST CA 92630
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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Community: PHEASANT CREEK ... Listing 1 of 2
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Last Updated: 2026-04-04 19:28:37