Contact Xavier Gomez
Schedule A Showing
24521 Raymond, Lake Forest, CA 92630
Priced at Only: $4,995,000
For more Information Call
Mobile: 714.478.6676
Address: 24521 Raymond, Lake Forest, CA 92630
Property Photos

Property Location and Similar Properties
- MLS#: PW25233711 ( Apartment )
- Street Address: 24521 Raymond
- Viewed: 6
- Price: $4,995,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1977
- Bldg sqft: 0
- Days On Market: 12
- Additional Information
- County: ORANGE
- City: Lake Forest
- Zipcode: 92630
- Subdivision: Other (othr)
- Provided by: Morgan Skenderian
- Contact: Rick Rick
- DMCA Notice
-
DescriptionDiscover 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 fumigationmaking 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 chargermodern conveniences that attract quality tenants and support premium rents. Parking is abundant, with 15 garages and open spaces, providing more than one space per bedrooma 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 todays market.
Features
Building Area Total
- 8704.00
Commoninterest
- Community Apartment
Common Walls
- No Common Walls
Cooling
- Wall/Window Unit(s)
Country
- US
Electric Expense
- 3546.00
Entry Location
- Street
Fireplace Features
- None
Fuel Expense
- 3546.00
Garage Spaces
- 5.00
Gardner Expense
- 2025.00
Heating
- Wall Furnace
Insurance Expense
- 10880.00
Laundry Equipment Own Lease
- Own
Laundry Features
- Community
- See Remarks
Laundry Income
- 5736.00
Lot Features
- Lot 10000-19999 Sqft
Netoperatingincome
- 231261.00
Number Of Separate Electric Meters
- 10
Number Of Separate Gas Meters
- 10
Otherincome1
- 6540.00
Otherincomedescription
- Storage
Parcel Number
- 61744127
Pool Features
- None
Professionalmanagementexpense
- 0.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 448648103:CRM
Subdivision Name Other
- Other
Totalexpenses
- 89106.00
Trash Expense
- 3546.00
Uncovered Spaces
- 10.00
Vacancyallowance
- 9908
Water Sewer Expense
- 3546.00
Water Source
- Public
Year Built
- 1977
Year Built Source
- Public Records

- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Mobile: 714.478.6676
- Fax: 714.975.9953
- salesbyxavier@gmail.com