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Listed by Richard Wamsat • Coldwell Banker Realty

$688,800

Est. payment - /mo

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764 Sqft Lot

Active

26 Lakepines Irvine, CA 92620

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Alex Tai

alex@cullinanluxury.com +1(650) 773-2321

UPDATED:

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

Secure Rental Income from Day One in Irvine! This upgraded 1-bedroom townhome with a separate office or den is located in The Lakes-a peaceful community surrounded by mature trees, flowing streams, and scenic walkways. The property is currently leased through June 30, 2026, with reliable tenants paying $2,725/month, providing immediate cash flow with an estimated cap rate of approximately 3.82%, based on actual income and expenses. Market proforma rent is approximately $2,900/month, offering solid rental upside over time. The unit 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 quartz 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. The Lakes communit

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

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Alex Tai

Founder | License ID: 02025613

+1(650) 773-2321