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$688,800

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1 Bed

2.5 Baths

1,115 SqFt

Open Sun 1PM-4PM

26 Lakepines Irvine, CA 92620

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Richard Combs

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Key Details

Property Type Townhouse

Sub Type Townhome

Listing Status Active

Purchase Type For Sale

Square Footage 1,115 sqft

Price per Sqft $617

Subdivision The Lakes (Lk)

MLS Listing ID OC25170169

Style Traditional

Bedrooms 1

Full Baths 1

Half Baths 1

HOA Fees $344/mo

Year Built 1978

Property Sub-Type Townhome

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 Lakesa 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 appliancesrefrigerator, washer, and dryerall 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 Can

Location

State CA

County Orange

Direction Irvine Blvd to Yale, right on Park Place, Left on Lakepines community entrance, park in visitor spaces near block wall at end of street

Interior

Interior Features Chair Railings, Granite Counters, Recessed Lighting, Wainscoting

Heating Forced Air Unit

Cooling Central Forced Air

Flooring Carpet, Tile, Wood

Fireplace No

Appliance Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Electric Range

Exterior

Parking Features Assigned

Fence Excellent Condition, Redwood

Pool Below Ground, Community/Common, Association, Gunite, Heated, Fenced

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

Amenities Available Pool

View Y/N Yes

Water Access Desc Public

Roof Type Composition

Accessibility None

Porch Patio

Building

Story 2

Sewer Public Sewer, Sewer Paid

Water Public

Level or Stories 2

Others

HOA Name The Lakes Master

HOA Fee Include Exterior (Landscaping),Exterior Bldg Maintenance,Limited Insurance,Sewer,Trash Pickup,Water

Tax ID 53014372

Special Listing Condition Standard

Virtual Tour https://tours.previewfirst.com/ml/133782

Listed by Richard Wamsat Coldwell Banker Realty

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Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

26 Lakepines Irvine, CA 92620

Richard Combs

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Others

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26 Lakepines