Lake Forest (el Toro), CA 92630,24521 Raymond
Listed by Rick Applebaum • Morgan Skenderian
Bought with Imtiaz Chaudhry • Together Realty
$4,950,000
$4,995,000
0.9%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

8,704 SqFt

24521 Raymond Lake Forest (el Toro), CA 92630

Est. payment /mo
SOLD DATE : 12/10/2025

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $4,950,000

Property Type Commercial Sale

Sub Type Other

Listing Status Sold

Purchase Type For Sale

Square Footage 8,704 sqft

Price per Sqft $568

MLS Listing ID CRPW25233711

Year Built 1977

Lot Size 0.402 Acres

Property Sub-Type Other

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 cl

Location

State CA

County Orange

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Laundry Common Area, See Remarks

Read Less


Bay East Association of Realtors

GET MORE INFORMATION

Peter Cheung

Peter Cheung

Realtor | CA BRE#: 02070039

+1(510) 387-3876

Name
Phone*
Message