26 Lakepines Active Save Request In-Person Tour Request Virtual Tour
Irvine,CA 92620
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25170248
Style Traditional
HOA Fees $344
Year Built 1978
Lot Size 764 Sqft
Source California Regional MLS
Property Description
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 a
Location
State CA
County Orange
Area Nw - Northwood
Rooms
Kitchen Dishwasher,Garbage Disposal,Microwave,Other,Oven Range - Electric,Oven Range,Refrigerator
Interior
Heating Central Forced Air
Cooling Central AC
Laundry In Closet,Other,Washer,Washer/Dryer - Owned,Upper Floor,Dryer
Exterior
Parking Features Assigned Spaces,Carport ,Covered Parking,Guest / Visitor Parking
Garage Spaces 1.0
Pool Pool - Gunite,Pool - Heated,Pool - In Ground,21,Pool - Fenced,Community Facility,Spa - Community Facility
View None
Roof Type Composition
Building
Lot Description Grade - Level
Foundation Concrete Slab
Sewer Sewer Available
Water Other,District - Public
Architectural Style Traditional
Others
Tax ID 53014372
Special Listing Condition Not Applicable