CA > Lake Forest
Lake Forest, CA 92630,24521 Raymond
Lake Forest, CA 92630,24521 Raymond
Lake Forest, CA 92630,24521 Raymond
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$4,995,000
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0.4 Acres Lot
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24521 Raymond Lake Forest, CA 92630

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Patrick Fossati

Patrick Fossati

+1(805) 910-0463

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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW25233711

HOA Y/N No

Year Built 1977

Lot Size 0.402 Acres

Property Sub-Type Apartment

Property Description

Discover this exceptional multifamily investment opportunity located in a quiet Lake Forest cul-de-sac. Originally constructed in 1977 as an 8-unit property, this asset now features 10 total units with the addition of two brand-new 2 bedroom / 2 bathroom ADUs built in 2024. The entire property underwent a major renovation over the past few years, including new roofs, exterior paint, dual-pane windows and sliders, six of nine water heaters replaced, and a full property fumigation—making this a low-maintenance, move-in ready asset for investors.

Situated on a spacious 17,498 SF lot, the unit mix includes a blend of 1 and 2 bedroom floorplans, appealing to a wide tenant base. Residents enjoy thoughtful amenities such as patios or balconies, walk-in closets, wall A/C units, and community laundry along with the added convenience of individual storage units and camera systems providing extra security. The two newly constructed ADUs stand out with in-unit washer/dryers, dishwashers, microwaves, ceiling fans, solar power, and an EV charger—modern conveniences that attract quality tenants and support premium rents. Parking is abundant, with 15 garages and open spaces, providing more than one space per bedroom—a rare advantage in multifamily properties.

Fully SB 721 compliant, this is a clean and well-maintained asset with strong curb appeal and long-term upside. With contemporary interiors, essential upgrades already completed, and added ADU income potential, this Lake Forest property is a standout in today's market.

Location

State CA

County Orange

Area Ls - Lake Forest South

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Fireplace No

Laundry Common Area, See Remarks

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Biking, Curbs, Gutter(s), Street Lights, Suburban, Sidewalks

Total Parking Spaces 15

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 61744127

Energy Description 3546.0

Acceptable Financing Cash to New Loan

Listing Terms Cash to New Loan

Special Listing Condition Standard

CRMLS – RECore
Listed by Rick Applebaum Morgan Skenderian rma@morganskenderian.com

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Patrick Fossati

Patrick Fossati

Broker Associate | License ID: 01907255

+1(805) 910-0463

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