20702 El Toro Unit 233

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Source: California Regional MLS

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PWGUTISTE

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.

Property Information

Property Details

Location

Address

20702 El Toro Unit 233

County

Orange

City

Lake Forest

Zip Code

92630

Subdivision

Pheasant Creek

School District

Saddleback Valley Unified

MLS Area

LN - Lake Forest North

Interior Features

Beds and Baths

Bedrooms

Main Level Bedrooms

Full Bathrooms

Building

Building Information

Square Feet

916

Year Built

1980

Stories

Financial

Special Conditions

Standard

Homeowner Association

HOA Fee

$424

HOA Fee Frequency

Monthly

20702 El Toro Unit 233, Lake Forest, CA 92630

Market Report for 92630