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Martina McKinney

martina@marrealtygroup.us +1(619) 717-0306

$ 688,800

Est. payment | -/mo

1 Bed

2 Baths

Save Virtual Tour

$ 688,800

Est. payment | -/mo

Save Virtual Tour

1 Bed

2 Baths

OPEN HOUSE

Sun Aug 03, 1:00pm - 4:00pm

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

Secure Rental Income from Day One in Irvine! This upgraded 1-bedroom townhome with a separate office or den is located in The Lakesa 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 appliancesrefrigerator, washer, and dryerall of which are included in the sale. The Lakes community offers exceptional amenities: two pools, two spas, two tennis courts, and lush landscaped paths along tranquil water features. Located within the highly rated Irvine Unified School District, this property is also just minutes from shopping, dining, freeway access, and several scenic trails including Hicks Can

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

Tax ID 53014372

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

Listed by Richard Wamsat Coldwell Banker Realty

GET MORE INFORMATION

Martina McKinney

REALTOR® | Lic# 02053849

martina@marrealtygroup.us

+1(619) 717-0306

2603 Camino Ramon Suite 200, San Ramon, CA, 94583

26 Lakepines Irvine, CA 92620

Martina McKinney

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Others

26 Lakepines