23192 Saguaro St, Lake Forest, CA 92630
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23192 Saguaro St Lake Forest, CA 92630

$1,960,000
  • 8 Beds
  • 6 Baths
  • 4,734 Sq.Ft.
For Sale
$1,960,000 Get Pre-Qualified

Map preview of 23192 Saguaro St, Lake Forest, CA 92630

Property Overview: 23192 Saguaro St Lake Forest, CA has 8 bedrooms, 6 bathrooms, 4,734 living square feet and 8,276 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Welcome to 23192 Saguaro St, a prime investment opportunity in thriving Lake Forest, nestled in South Orange County—an area with rare multifamily transactions. This delightful 4-plex offers unparalleled convenience, with residents enjoying easy access to shopping, dining, and entertainment options along the recently revitalized El Toro Road. Everything tenants need is just minutes away, enhancing the vibrancy of this community. Featuring four spacious two-bedroom, two-bathroom units averaging 1,200 square feet each, this multifamily property includes on-site laundry, four single-car garages, two uncovered parking spaces, and private patios or balconies for each unit—providing both comfort and convenience. With its prime location, desirable unit mix, and sought-after amenities, this property ensures a steady stream of high-paying renters. Through strategic modernization and rent adjustments, investors can swiftly capitalize on this opportunity, yielding a robust return on investment. Don't miss out on investing in this dynamic location—seize the opportunity before it's too late.

Listed by Kuangkai Kuo | BRE #01849263 | In Realty Inc.
Last checked: 8 minutes ago | Last updated: May 26th, 2024 | Source CRMLS | DOM: 43
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Home details

Lot Sq. Ft
8,276
HOA Dues
$0/mo
Year built
1974
Garage
4 Car
Property Type:
Fourplex
Status
Active
MLS#
AR24092332
City
Lake Forest
County
Orange
Time on Site
44 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $8,468
  • Total Rent: $8,468
  • Pro Forma/Market Rent: $11,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $101,616
  • Net Operating Income: $71,870
  • Gross Operating Income: $107,116
  • Laundry Income: $5,500
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $35,246
  • Electric: $331
  • Gas/Fuel: $1,643
  • New Taxes: $20,404
  • Trash: $2,445
  • Insurance: $1,633
  • Maintenance: $5,224
  • Water/Sewer: $3,566

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Property Details for 23192 Saguaro St

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 4
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Lot 6500-9999
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 4
  • Parcel Number: 61709136
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Other (OTHR)
  • Other Subdivision Name: other
  • Directions: El Toro Rd & Muirlands Blvd
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

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Sale History for 23192 Saguaro St

Last sold for $1,575,000 on September 17th, 2019
  • May, 2024

  • May 12, 2024

    Date

    Active

    CRMLS: AR24092332

    $1,960,000

    Price

  • August, 2023

  • Aug 24, 2023

    Date

    Canceled

    CRMLS: PW23096145

    $1,928,000

    Price

  • Jun 1, 2023

    Date

    Active

    CRMLS: PW23096145

    $1,928,000

    Price

  • Listing provided courtesy of CRMLS

    Pleased to present 23192 Saguaro Street, located in the thriving city of Lake Forest. This is an exceptionally rare opportunity to invest in south Orange County, and Lake Forest, where few multifamily transactions take place. This attractive 4 plex is conveniently located within walking distance to extensive shopping, dining, and entertainment in the numerous shopping centers recently revitalized along El Toro Road. Tenants of the community will find everything they need within minutes of their home. The property itself consists of four very large two bedroom/two bathroom units averaging about 1,184 Sq.Ft. each. Additionally, the property includes an on-site laundry facility, four single-car garages, two uncovered parking spaces and private patios or balconies for each unit. The combination of location, desirable unit mix and size, and in-demand amenities will consistently attract high paying renters. The new investor can quickly realize a strong return on investment through modernization of the property and increased rent levels.

  • September, 2019

  • Sep 17, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,575,000

    Price

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Tax History for 23192 Saguaro St

Assessed Value (2020): $249,527
Year Land Value Improved Value Assessed Value
2020 $54,896 $194,631 $249,527

Home Value Compared to the Market

This property vs the competition

23192 Saguaro St is listed 63.47% higher than the median list price for the city of Lake Forest which has a median list price of $1,199,000. The median price per/sqft for Lake Forest is $655 and this home is listed at $414.03 per/sqft which puts the price per square foot 36.79% lower than the median price per square foot for the city of Lake Forest.

About 23192 Saguaro St

Detailed summary of property

23192 Saguaro St is a fourplex located in Lake Forest, CA 92630 and is currently for sale. This fourplex offers 8 bedrooms, 6 bathrooms, roughly 4,734 living square feet, and sits on an approximately 8,276 square foot lot. 23192 Saguaro St was first listed on ArdentRealEstateGroup.com on May 13, 2024. The homeowner is currently asking $1,960,000. The median priced home in Lake Forest is $1,199,000 with a median price per square foot of $655. Based on Ardent Real Estate Group's Lake Forest Market Data, this home is listed 63.47% higher than the median priced home. Local competing homes currently for sale include 2280 Pamela Ln, 2075 N Highland St and 2051 N Park Ln. While the average home in Lake Forest, CA is selling in 49 days, 23192 Saguaro St has a days on market of 43 days. There are currently 176 homes for sale in the Lake Forest real estate market and 109 of them are single family homes while 54 of them are condos and 13 are townhomes. For more information on this home for sale at 23192 Saguaro St Lake Forest, CA 92630 contact Ardent Real Estate Group and we will put you in touch with one of our Lake Forest agents.

Public Facts for 23192 Saguaro St

Public county record property details
Beds
--
Baths
--
Year built
1974
Sq. Ft.
4,735
Lot Size
7,845
Stories
2
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Orange
Lot#
16
APN
617-091-36

The source for these homes facts are from public records.

92630 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,199,000
Median List Price/Sq.Ft.
$655
Median Sold Price
$1,249,000
Median Sold Price/Sq.Ft.
$639
Total Inventory
144
Median Sale to List Price %
104%
Avg Days on Market
21
Loan Type
Conventional (45.83%), FHA (2.08%), VA (0%), Cash (25%), Other (27.08%)

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Related Resources to 23192 Saguaro St

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.