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24921 Muirlands #48
C Composite 57.03
Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

  • Cash flow +26.5/30.0
  • DSCR +9.0/10.0
  • 1% rule +7.1/10.0
  • Schools +5.6/10.0
  • Livability +3.2/5.0
  • Rent growth +3.1/5.0
  • Condition / age +2.5/5.0
  • ARV discount +0.0/15.0
  • Appreciation +0.0/10.0

$307,000

24921 Muirlands #48 · Lake Forest, CA 92630
3 bd · 2.0 ba · 1,440 sqft · Manufactured · 98 Days on market
Built 1974 9.80 ac lot $213/sqft · 35% above area Est $227k · 35% over

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Welcome to 24921 Muirlands # 48, located in the prestigious El Toro Mobile Estates in Lake Forest (Inside Address: 48 Palo Alto Lake Forest, CA 92630). This senior living community is conveniently situated just three minutes from the 5 Freeway off El Toro Rd. , near Laguna Woods, shopping, and dining. Senior Community, at least One resident must be 55 Years old+. This double-wide Boise Cascade/Pan American unit has been 100% renovated and stands as the most upgraded home in the park. Key features include: - Fresh interior and exterior paint - New laminate flooring throughout - New Windows & Doors - New Corian countertops in the kitchen and bathrooms - New recessed lighting - New backyard tarping - Two storage sheds at the end of the three-car carport TOTAL RENOVATIONS APPROXIMTLY $74,000. The land lease is exceptionally inclusive, covering all utilities, including sewer, water, gas, and electricity. Please let me know if you would like to schedule a viewing Mauricio 310-801-7626 or 909-287-4335

Key facts

  • 9.8 acre lot
  • 2 garage spots
  • Community pool

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath manufactured listed at $307k.

Deal economics

  • At list price, monthly cash flow is $808 ($10k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($4k rent vs $307k).
  • Recommended offer: $279k (9.0% below list) — sets the bar for market timing.
  • Cap rate 9.5% vs local median 2.0% in Lake Forest — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

  • Location reads 65/100 on livability (#387 in CA) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing B; Watch: commute C-, amenities F, cost of living F.
  • Saddleback Valley Unified (suburban): math 51% / reading 73% proficiency, ranked #67 of 517 in CA (top 13%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
  • Zoned schools: Ralph A. Gates Dli Magnet Elementary (940 students, 62% FRL); Los Alisos Intermediate (656 students, 74% FRL); Mission Viejo High (math 53% / reading 71%, grade B-, #190 of 1,170 statewide, top 17%, 1,646 students, 41% FRL) — zoned schools average 59% FRL vs 22% district-wide (37 pts higher); higher-poverty schools than district average — tighter screening recommended.
  • Market conditions: Rents rising (+2.5%/yr); 204 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 6,974 units permitted in Orange County in 2024 (3,839 in 5+ unit buildings).
  • This rent runs 35% of the median local income ($126k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
  • Orange County population projected at +14% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

  • It's been on market 98 days — a 9% lower offer ($279k) is reasonable based on typical stale-listing flexibility.
  • 8 sale attempts since 26y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
  • Current owner paid $65k; list at $307k implies a 373% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.
Recommended offer $279,370 (9.0% below list)

Questions for the listing agent

  1. It's been on market 98 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
  2. Built in 1974 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
  6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
  7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
  8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

1% rule
1.21%
Cap rate
9.45%
Cash-on-cash
11.28%
DSCR
1.50
GRM
6.9

CMA / ARV

ARV (median comp)
$226,598
List price
$307,000
Delta
35.48%
Verdict
OVERPRICED
Comps
20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
24921 Muirlands Blvd #58 0.07mi 3/2.0 1,440 (0%) 0mo $254,000 $176 96
24921 Muirlands Blvd #28 0.00mi 2/2.0 (-1) 1,440 (0%) 1mo $170,000 $118 94
24921 Muirlands Blvd #209 0.07mi 2/2.0 (-1) 1,440 (0%) 1mo $152,500 $106 91
24921 Muirlands Blvd #265 0.07mi 2/2.0 (-1) 1,440 (0%) 2mo $185,000 $128 90
24921 Muirlands #13 0.07mi 2/2.0 (-1) 1,440 (0%) 4mo $175,000 $122 89
24921 Muirlands Blvd #23 0.07mi 2/2.0 (-1) 1,488 (+3%) 2mo $199,000 $134 85
24921 Muirlands blvd #78 0.00mi 2/2.0 (-1) 1,570 (+9%) 3mo $224,000 $143 78
24922 Muirlands Blvd #57 0.22mi 4/2.0 (+1) 1,504 (+4%) 3mo $315,000 $209 75
24922 Muirlands Blvd #115 0.22mi 4/2.0 (+1) 1,490 (+4%) 6mo $375,000 $252 74
24701 Raymond Way #39 0.50mi 2/2.0 (-1) 1,440 (0%) 5mo $202,500 $141 68
24922 Muirlands Blvd #103 0.16mi 4/2.0 (+1) 1,600 (+11%) 8mo $360,000 $225 62
24701 Raymond Ave #120 0.38mi 3/2.0 1,608 (+12%) 2mo $375,000 $233 61

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.51% rent growth · sell at horizon

5-year hold
IRR
-0.0%
Equity multiple
1.00×
Total profit
$-68
Equity at exit
$45,775
10-year hold
IRR
9.1%
Equity multiple
1.69×
Total profit
$59,016
Equity at exit
$26,544

Cash invested: $85,960 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

Overall (STATE)
18 Strongly Tenant-Friendly
State California
18 Strongly Tenant-Friendly · D+13
County
— inherits STATE
City
— inherits STATE
AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

ZIP-level market 92630

Rents YoY
2.5%
Active inventory
204
Price-to-rent
6.9×

Monthly cashflow live

Estimated rent
$3,708 high interval (Pro) →
Mortgage (P&I)
$1,610
Tax est. 1.5%
$384 /mo · $4,605/yr
Insurance
$128
HOA
$0
Vacancy / Maint / Mgmt
$779
Net cashflow
$808

Break-even live

Break-even rent $2,686
Max offer price $307,000
Occupancy floor 73%

Sensitivity live

Price -10% $1,020 -5% $914 +0% $808 +5% $702 +10% $596
Rent -10% $515 -5% $661 +0% $808 +5% $954 +10% $1,101
Rate -1.0pp $962 -0.5pp $886 base $808 +0.5pp $728 +1.0pp $647

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

Down payment
$76,750
Closing costs
$9,210
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 40 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
23250 Orange Ave Lake Forest, CA 2.0 2.0 947 $2,995 $3.16 26d 1 0.19mi
25092 Farthing St Lake Forest, CA 1.0–2.0 1.0–2.0 881 $3,278 $3.72 0d 5 0.54mi
24022 Limb St Mission Viejo, CA 4.0 2.0 1543 $5,000 $3.24 45d 1 0.55mi
6 Quinn Way Mission Viejo, CA 3.0 3.5 1716 $4,100 $2.39 22d 1 0.63mi
62 Aliso Ridge Loop Mission Viejo, CA 2.0 2.5 1560 $3,795 $2.43 26d 1 0.64mi
23151 Los Alisos Blvd Mission Viejo, CA 1.0–3.0 1.0–2.0 1091 $2,705 $2.48 0d 1 0.78mi
24621 Overlake Dr Lake Forest, CA 3.0 2.0 1677 $4,350 $2.59 26d 1 0.90mi
24391 Avenida de la Carlota Laguna Hills, CA 1.0–2.0 1.0–2.0 957 $3,965 $4.14 0d 19 1.04mi
26075 Las Flores Unit b Mission Viejo, CA 2.0 1.5 989 $3,200 $3.24 16d 1 1.05mi
22835 Islamare Ln Lake Forest, CA 3.0 2.5 1860 $6,600 $3.55 14d 1 1.06mi
26037 Via Pera Unit K4 Mission Viejo, CA 2.0 1.0 932 $3,387 $3.63 45d 1 1.10mi
23732 Aventura Mission Viejo, CA 4.0 2.0 1538 $4,600 $2.99 45d 1 1.12mi
22892 Plainview Cir Lake Forest, CA 3.0 2.0 1836 $5,400 $2.94 45d 1 1.15mi
23981 Crescent Rd Lake Forest, CA 4.0 2.0 1540 $4,700 $3.05 5d 1 1.15mi
22602 Cottonwood Cir Lake Forest, CA 3.0 2.0 1301 $4,250 $3.27 45d 1 1.16mi
26191 Sanz Unit D Mission Viejo, CA 2.0 2.5 1000 $3,250 $3.25 22d 1 1.18mi
24555 Los Alisos Blvd Laguna Hills, CA 2.0 2.0 1007 $3,356 $3.33 45d 1 1.20mi
24555 Los Alisos Blvd Laguna Hills, CA 2.0 2.0 1014 $3,250 $3.21 16d 1 1.20mi
23333 Ridge Route Dr Lake Forest, CA 1.0–2.0 1.0–2.0 892 $3,100 $3.47 4d 9 1.24mi
132 Avenida Majorca Unit B Laguna Woods, CA 2.0 1.0 995 $2,400 $2.41 7d 1 1.29mi
24121 El Tiradore Cir Mission Viejo, CA 4.0 2.5 1704 $5,800 $3.40 26d 1 1.30mi
158 Avenida Majorca Unit D Laguna Woods, CA 2.0 1.0 1300 $3,200 $2.46 45d 1 1.31mi
22700 Lake Forest Dr Lake Forest, CA 1.0–3.0 1.0–2.0 1008 $4,040 $4.01 0d 1 1.32mi
169 Avenida Majorca Unit B Laguna Woods, CA 3.0 1.0 1200 $1,400 $1.17 45d 1 1.36mi
170 Avenida Majorca Unit D Laguna Woods, CA 2.0 1.0 1000 $2,500 $2.50 26d 1 1.37mi
25885 Trabuco Rd #98 Lake Forest, CA 2.0 1.5 1190 $3,300 $2.77 13d 1 1.39mi
24299 Paseo De Valencia Laguna Woods, CA 2.0 2.0 1347 $3,770 $2.80 23d 7 1.41mi
205 Avenida Majorca Unit A Laguna Woods, CA 2.0 2.0 1278 $3,600 $2.82 45d 1 1.42mi
254 Calle Aragon Unit D Laguna Woods, CA 2.0 2.0 1009 $3,000 $2.97 19d 1 1.43mi
2022 Via Mariposa E Unit B Laguna Woods, CA 2.0 2.0 1325 $3,200 $2.42 20d 1 1.43mi
74 Calle Aragon Unit A Laguna Woods, CA 2.0 1.0 950 $2,700 $2.84 26d 1 1.44mi
2369 Via Mariposa E Unit 3H Laguna Woods, CA 3.0 3.0 1663 $3,750 $2.25 45d 1 1.45mi
2369 Via Mariposa E Unit 1B Laguna Woods, CA 2.0 2.0 1340 $2,950 $2.20 45d 1 1.45mi
2269 Via Puerta Unit N Laguna Woods, CA 2.0 2.0 1057 $2,700 $2.55 20d 1 1.45mi
969 Calle Aragon Unit 1B Laguna Woods, CA 2.0 2.0 1195 $2,900 $2.43 26d 1 1.46mi
25885 Trabuco Rd #235 Lake Forest, CA 2.0 1.5 1190 $2,980 $2.50 26d 1 1.46mi
221 Avenida Majorca Unit D Laguna Woods, CA 2.0 2.0 1438 $3,200 $2.23 26d 1 1.46mi
224 Avenida Majorca Unit B Laguna Woods, CA 2.0 2.0 1009 $2,600 $2.58 45d 1 1.46mi
2022 Via Mariposa E Unit D Laguna Woods, CA 2.0 2.0 1305 $4,000 $3.07 45d 1 1.47mi
2293 Via Puerta Unit O Laguna Woods, CA 2.0 2.0 1057 $3,100 $2.93 20d 1 1.48mi

Listing history 31 events

  1. 2026-06-03
    days on market $307,000 Active 98 DOM
  2. 2026-06-02
    days on market $307,000 Active 97 DOM
  3. 2026-06-01
    days on market $307,000 Active 96 DOM
  4. 2026-05-31
    days on market $307,000 Active 95 DOM
  5. 2026-02-25
    listed $307,000 Active 1030-char remark
    Show marketing remark (1030 chars)

    Welcome to 24921 Muirlands # 48, located in the prestigious El Toro Mobile Estates in Lake Forest (Inside Address: 48 Palo Alto Lake Forest, CA 92630). This senior living community is conveniently situated just three minutes from the 5 Freeway off El Toro Rd. , near Laguna Woods, shopping, and dining. Senior Community, at least One resident must be 55 Years old+. This double-wide Boise Cascade/Pan American unit has been 100% renovated and stands as the most upgraded home in the park. Key features include: - Fresh interior and exterior paint - New laminate flooring throughout - New Windows & Doors - New Corian countertops in the kitchen and bathrooms - New recessed lighting - New backyard tarping - Two storage sheds at the end of the three-car carport TOTAL RENOVATIONS APPROXIMTLY $74,000. The land lease is exceptionally inclusive, covering all utilities, including sewer, water, gas, and electricity. Please let me know if you would like to schedule a viewing Mauricio 310-801-7626 or 909-287-4335

  6. 2026-02-16
    historical $307,000 1030-char remark
    Show marketing remark (1030 chars)

    Welcome to 24921 Muirlands # 48, located in the prestigious El Toro Mobile Estates in Lake Forest (Inside Address: 48 Palo Alto Lake Forest, CA 92630). This senior living community is conveniently situated just three minutes from the 5 Freeway off El Toro Rd. , near Laguna Woods, shopping, and dining. Senior Community, at least One resident must be 55 Years old+. This double-wide Boise Cascade/Pan American unit has been 100% renovated and stands as the most upgraded home in the park. Key features include: - Fresh interior and exterior paint - New laminate flooring throughout - New Windows & Doors - New Corian countertops in the kitchen and bathrooms - New recessed lighting - New backyard tarping - Two storage sheds at the end of the three-car carport TOTAL RENOVATIONS APPROXIMTLY $74,000. The land lease is exceptionally inclusive, covering all utilities, including sewer, water, gas, and electricity. Please let me know if you would like to schedule a viewing Mauricio 310-801-7626 or 909-287-4335

  7. 2019-07-05
    soldstatus $64,900 Closed Sale 464-char remark
    Show marketing remark (464 chars)

    So much potential!! 3 bedroom, 2 bath unit with spacious, open kitchen and family room. Master bedroom located opposite the other 2 bedrooms for maximum privacy. New flooring in bathrooms, new tub just put in master, new cabinets. .. includes washer, dryer and fridge!!!! Homey yard and brand new private personal deck . Nicely landscaped with low maintenance planting’s. Best priced 3 bedroom unit in the complex! Hurry. .. this one won’t last long.

  8. 2019-06-22
    historical Active Under Contract 464-char remark
    Show marketing remark (464 chars)

    So much potential!! 3 bedroom, 2 bath unit with spacious, open kitchen and family room. Master bedroom located opposite the other 2 bedrooms for maximum privacy. New flooring in bathrooms, new tub just put in master, new cabinets. .. includes washer, dryer and fridge!!!! Homey yard and brand new private personal deck . Nicely landscaped with low maintenance planting’s. Best priced 3 bedroom unit in the complex! Hurry. .. this one won’t last long.

  9. 2019-06-07
    price $64,900 464-char remark
    Show marketing remark (464 chars)

    So much potential!! 3 bedroom, 2 bath unit with spacious, open kitchen and family room. Master bedroom located opposite the other 2 bedrooms for maximum privacy. New flooring in bathrooms, new tub just put in master, new cabinets. .. includes washer, dryer and fridge!!!! Homey yard and brand new private personal deck . Nicely landscaped with low maintenance planting’s. Best priced 3 bedroom unit in the complex! Hurry. .. this one won’t last long.

  10. 2019-05-13
    price $74,900 464-char remark
    Show marketing remark (464 chars)

    So much potential!! 3 bedroom, 2 bath unit with spacious, open kitchen and family room. Master bedroom located opposite the other 2 bedrooms for maximum privacy. New flooring in bathrooms, new tub just put in master, new cabinets. .. includes washer, dryer and fridge!!!! Homey yard and brand new private personal deck . Nicely landscaped with low maintenance planting’s. Best priced 3 bedroom unit in the complex! Hurry. .. this one won’t last long.

  11. 2019-04-27
    price $79,900 464-char remark
    Show marketing remark (464 chars)

    So much potential!! 3 bedroom, 2 bath unit with spacious, open kitchen and family room. Master bedroom located opposite the other 2 bedrooms for maximum privacy. New flooring in bathrooms, new tub just put in master, new cabinets. .. includes washer, dryer and fridge!!!! Homey yard and brand new private personal deck . Nicely landscaped with low maintenance planting’s. Best priced 3 bedroom unit in the complex! Hurry. .. this one won’t last long.

  12. 2019-04-05
    status Active 464-char remark
    Show marketing remark (464 chars)

    So much potential!! 3 bedroom, 2 bath unit with spacious, open kitchen and family room. Master bedroom located opposite the other 2 bedrooms for maximum privacy. New flooring in bathrooms, new tub just put in master, new cabinets. .. includes washer, dryer and fridge!!!! Homey yard and brand new private personal deck . Nicely landscaped with low maintenance planting’s. Best priced 3 bedroom unit in the complex! Hurry. .. this one won’t last long.

  13. 2019-03-29
    status Pending Sale 464-char remark
    Show marketing remark (464 chars)

    So much potential!! 3 bedroom, 2 bath unit with spacious, open kitchen and family room. Master bedroom located opposite the other 2 bedrooms for maximum privacy. New flooring in bathrooms, new tub just put in master, new cabinets. .. includes washer, dryer and fridge!!!! Homey yard and brand new private personal deck . Nicely landscaped with low maintenance planting’s. Best priced 3 bedroom unit in the complex! Hurry. .. this one won’t last long.

  14. 2019-03-27
    price $89,900 464-char remark
    Show marketing remark (464 chars)

    So much potential!! 3 bedroom, 2 bath unit with spacious, open kitchen and family room. Master bedroom located opposite the other 2 bedrooms for maximum privacy. New flooring in bathrooms, new tub just put in master, new cabinets. .. includes washer, dryer and fridge!!!! Homey yard and brand new private personal deck . Nicely landscaped with low maintenance planting’s. Best priced 3 bedroom unit in the complex! Hurry. .. this one won’t last long.

  15. 2019-03-12
    listed $99,800 Active 464-char remark
    Show marketing remark (464 chars)

    So much potential!! 3 bedroom, 2 bath unit with spacious, open kitchen and family room. Master bedroom located opposite the other 2 bedrooms for maximum privacy. New flooring in bathrooms, new tub just put in master, new cabinets. .. includes washer, dryer and fridge!!!! Homey yard and brand new private personal deck . Nicely landscaped with low maintenance planting’s. Best priced 3 bedroom unit in the complex! Hurry. .. this one won’t last long.

  16. 2015-05-01
    historical
  17. 2015-04-30
    soldstatus $45,000 Closed Sale
  18. 2015-04-13
    price $45,000
  19. 2015-04-06
    price $48,000
  20. 2015-03-27
    price $55,000
  21. 2015-03-17
    listed $59,000 Active
  22. 2013-08-09
    soldstatus $87,000 Closed
  23. 2013-07-12
    status Pending
  24. 2013-07-08
    price $87,000
  25. 2013-06-24
    listed $84,000 Active
  26. 2013-04-09
    historical
  27. 2012-09-16
    listed $79,900 Active
  28. 2012-08-09
    historical
  29. 2011-02-16
    listed $79,900 Active
  30. 2000-09-08
    soldstatus $60,000
  31. 2000-06-13
    listed $62,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

  • 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
  • 🔥 Wildfire 1/10 Low
  • 🌡 Heat 5/10 Major 7 d/yr ≥91°F today · 22 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$44,496
− Mortgage interest
−$17,197
− Property taxes
−$4,605
− Insurance
−$1,535
− Repairs & maintenance
−$3,560
− Management
−$3,560
− Depreciation
−$8,931
Taxable income
$5,109
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$1,226
After-tax cash flow
$8,466/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

District
Saddleback Valley Unified
NCES district ID
0633860
Math proficiency
51% ▼ -2.00%
Reading proficiency
73% ▲ 9.00%
Median HH income
$85,577
Composite
56.05/100
National rank
#1185
State rank
#67 of 517 in CA

Livability — Lake Forest

Score
65/100
State rank
#387
US rank
#13130

Category grades

Amenities F Commute C- Cost of living F Crime A+ Employment A+ Housing B Health & safety F User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Lake Forest, CA
County
Orange County · 3,096,323 people
City population
80,019
Metro
Los Angeles-Long Beach-Anaheim, CA
Population (ZIP)
67,152
Household income
$125,853
Rent vs Own
32.1% rent · 67.9% own
Severe rent burden
2412.0

Population outlook (Orange County) Hauer SSP2

Today (2025)
3,477,456 people
By 2030
3,613,117 · +3.9%
By 2040
3,835,945 · +10.3%
By 2050
3,968,736 · +14.1%
By 2075
4,097,053 · +17.8%
By 2100
3,903,633 · +12.3%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Diverse neighborhood (Simpson 0.67)
Race & ethnicity
White 47% Hispanic / Latino 27% Asian 19% Two or more races 16% Black 2% Native American 1%
Hispanic origin (detail)
Mexican 21%
Common ancestry
Slovak 2% Lithuanian 2% Romanian 2%
Foreign-born
28% · Canada, China, Vietnam
Languages at home
62% English-only · Spanish 18% Chinese 4% Other Indo-European 4%

Political lean MEDSL · Orange

2024 margin
Toss-up / Even · D 49.7% · R 47.1% · Other 3.2%
2008→2024 swing
+5.2pp toward D · 2008: -2.6pp · 2024: 2.6pp
All cycles
2024: D+2.6 2020: D+9.0 2016: D+7.7 2012: R+8.3 2008: R+2.6

Not yet ingested

Civics

Market trends

HPI YoY
▼ -866.99%
Current HPI
436.6189
Rent YoY
▲ 2.51%
Metro
Los Angeles-Long Beach-Anaheim, CA
State GDP YoY
▲ 3.21%
F500 in state
116

Industry mix (Fortune 500 HQ in CA)

Industry F500 HQs Revenue

Price history

+395.2% since first listed
27 events — show timeline
  • 2026-02-25 Listed $307,000 CRMLS
  • 2026-02-16 Coming Soon $307,000 CRMLS
  • 2019-07-05 Sold (MLS) $64,900 CRMLS
  • 2019-06-22 Contingent CRMLS
  • 2019-06-07 Price Changed $64,900 CRMLS
  • 2019-05-13 Price Changed $74,900 CRMLS
  • 2019-04-27 Price Changed $79,900 CRMLS
  • 2019-04-05 Relisted CRMLS
  • 2019-03-29 Pending CRMLS
  • 2019-03-27 Price Changed $89,900 CRMLS
  • 2019-03-12 Listed $99,800 CRMLS
  • 2015-05-01 Listing Removed CRMLS
  • 2015-04-30 Sold (MLS) $45,000 CRMLS
  • 2015-04-13 Price Changed $45,000 CRMLS
  • 2015-04-06 Price Changed $48,000 CRMLS
  • 2015-03-27 Price Changed $55,000 CRMLS
  • 2015-03-17 Listed $59,000 CRMLS
  • 2013-08-09 Sold (MLS) $87,000 CRMLS
  • 2013-07-12 Pending CRMLS
  • 2013-07-08 Price Changed $87,000 CRMLS
  • 2013-06-24 Listed $84,000 CRMLS
  • 2013-04-09 Listing Removed CRMLS
  • 2012-09-16 Listed $79,900 CRMLS
  • 2012-08-09 Listing Removed CRMLS
  • 2011-02-16 Listed $79,900 CRMLS
  • 2000-09-08 Sold (MLS) $60,000 CRMLS
  • 2000-06-13 Listed $62,000 CRMLS

Property tax history

-14.6%/yr

Latest (2025): $6 · -0.3% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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