Homes for sale - 26 Lakepines, Irvine, CA 92620

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John R Thompson

jrtcalibroker@gmail.com +1(805) 796-5221

Listed by Richard Wamsat • Coldwell Banker Realty

$688,800

Est. payment - /mo

1 Bed

2 Baths

1,115 SqFt

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Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

Square Footage 1,115 sqft

Price per Sqft $617

Subdivision The Lakes

MLS Listing ID OC-25170169

Style Traditional

Bedrooms 1

Full Baths 1

Half Baths 1

HOA Fees $344/mo

Year Built 1978

Lot Size 764 Sqft

Property Sub-Type Townhouse

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 Lakes--a 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 appliances--refrigerator, washer, and dryer--all 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 Canyon Trail and the Jeffrey Open Space Trail. There are no Mello-Roos taxes, making this an even more appealing long-term investment. One assigned covered carport parking space is included, with additional guest and street parking available. HOA dues cover water, sewer, trash, and exterior maintenance--making this an easy-to-manage investment. Whether you're adding to a portfolio or seeking a turnkey rental in one of Orange County's most desirable markets, this property checks all the boxes.

Location

State CA

County Orange

Area Nw - Northwood

Interior

Interior Features Ceiling Fan(s), Chair Railings, Granite Counters, Recessed Lighting, Wainscoting, Remodeled Kitchen

Heating Central

Cooling Central Air

Flooring Carpet, Tile, Wood

Fireplaces Type None

Inclusions Washer / Dryer and Refrigerator

Laundry Dryer Included, In Closet, Inside, Stackable, Upper Level, Washer Included

Exterior

Exterior Feature Awning(s)

Parking Features Assigned, Carport, Covered

Pool Association, Community, Fenced, Gunite, Heated, In Ground

Community Features Lake, Sidewalks, Street Lights

Utilities Available Sewer Connected, Water Connected, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected

View Y/N No

View None

Building

Lot Description Landscaped, Rectangular Lot, Yard, Back Yard

Sewer Public Sewer, Sewer Paid

Schools

Elementary Schools Santiago Hills

Middle Schools Sierra Vista

High Schools Northwood

Others

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John R Thompson

+1(805) 796-5221

Broker/Owner | License ID: 01200900

Broker/Owner License ID: 01200900

26 Lakepines Irvine, CA 92620

John R Thompson

Key Details

Location

Interior

Exterior

Building

Schools

Others

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26 Lakepines