Property listed by The Oppenheim Group, Reza Shirangi 949-706-4974
24092 Gemwood Drive
Lake Forest, CA 92630
Beds
5
Baths
3
Square Ft.
2,351
$1,749,900
Rare Value-Add Opportunity in Lake Forest | 16,113 SqFt Lot at the End of a Cul-de-Sac!
24092 Gemwood Drive presents a rare investment opportunity in one of South Orange County's most sought-after submarkets. Tucked at the end of a quiet cul-de-sac, this single-story ranch sits on a massive 16,113 sqft flat… Read More lot, a footprint that's nearly impossible to replicate in today's Lake Forest market and one that opens the door to significant upside potential.
The existing residence offers approximately 2,500 sqft of living space with 5 bedrooms, 2.5 bathrooms, and additional bonus spaces that expand the property's income and use potential, ideal for multi-generational living, ADU conversion, rental income, or a dedicated home office setup. With strong rental demand in the area and limited inventory of lots this size, the income and appreciation upside is substantial.
The grounds deliver immediate lifestyle value while preserving long-term development flexibility. An expansive concrete courtyard framed by mature palms, a dedicated play area, and a custom-built heavy-timber covered pavilion built for large-scale entertaining. The oversized driveway accommodates multiple vehicles, an RV, or toys, a premium feature that commands rental and resale value in this market.
Whether you're looking to hold, expand, add an ADU, reimagine the footprint, or capitalize on Lake Forest's continued appreciation, this property delivers the land, location, and flexibility that serious investors look for. Minutes from top-rated schools, parks, shopping, and dining. Opportunities like this don't last. Read Less
Listing Snapshot
Days Online
0
Last Updated
Property Type
SingleFamilyResidence
Beds
5
Full Baths
2
Partial Baths
1
Square Ft.
2,351
Lot Size
0.37 Acres
Year Built
1965
MLS Number
OC26108246
Additional Details
Appliances & Equipment
GasRange
Building
Built in 1965, Living area: 2351.0, Living area units: SquareFeet, 1 storey, Levels: One, Entry level: 1, Entry location: first floor
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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