26 Lakepines, Irvine, CA 92620 - MLS#OC25170248 - Matt O'Brien

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 669,000

Est. payment | -/mo

1 Bed

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$ 669,000

Est. payment | -/mo

Save Virtual Tour

1 Bed

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision The Lakes (Lk)

MLS Listing ID OC25170248

Bedrooms 1

HOA Fees $344/mo

Property Sub-Type Res Income 2-4 Units

Property Description

Price Reduced! Secure day-one rental income in Irvine at just $669,000, more than $50,000 below todays 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 homes 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, m

Location

State CA

County Orange

Zoning Assessor

Direction Irvine Blvd to Yale, right on Park Place, Left on Lakepines community entrance, park in visitor spaces near block wall at end of

Interior

Cooling Central Forced Air

Fireplace No

Exterior

Pool Below Ground, Community/Common

Utilities Available Sewer Connected

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

HOA Name Lakes Master

HOA Fee Include Exterior (Landscaping),Limited Insurance,Sewer,Trash Pickup

Senior Community No

Tax ID 53014372

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

Virtual Tour https://tours.previewfirst.com/pw/133782

Listed by Richard Wamsat Coldwell Banker Realty

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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26 Lakepines Irvine, CA 92620