20702 El Toro Unit 233 Rd, Lake Forest, CA 92630 (MLS # PW26069504)
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.
|
DAYS ON MARKET
|
1
|
LAST UPDATED
|
4/4/2026
|
|
TRACT
|
Pheasant Creek
|
YEAR BUILT
|
1980
|
|
COMMUNITY
|
FH - Foothill Ranch
|
GARAGE SPACES
|
1.0
|
|
COUNTY
|
Orange
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Condo/Townhouse/Co-Op
|
|
|
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Dishwasher, Range Hood |
| AREA |
FH - Foothill Ranch |
| FIREPLACE |
Yes |
| GARAGE |
Yes |
| HEAT |
See Remarks |
| HOA DUES |
424|Monthly |
| LOT |
8.3146 acre(s) |
| LOT DIMENSIONS |
362186 |
| PARKING |
Carport |
| POOL DESCRIPTION |
Community, See Remarks, Association |
| SEWER |
Public Sewer |
| STORIES |
2 |
| SUBDIVISION |
Pheasant Creek |
| VIEW |
Yes |
| WATER |
Public |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Ken
Shapiro to contact you even if your name is on a Federal or State
"Do not call List".
Listed with HT Real Estate Investments Inc
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/4/26 5:06 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2026.
Save favorite listings, searches, and get the latest alerts
Save your favorite listings, searches, and receive the latest listing alerts
Twitter
Facebook
Email