$1,749,900
24092 Gemwood Drive, Lake Forest CA 92630
Multi-Family (4 Units)
Property type
1 day
On market
$700
Price per sqft
0 cars
Garage
1965
Year built
16,113 sqft
Lot size
Home highlights
Open Houses
Overview
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 lot, a footprint that's nearly impossible to replicate in today's...
Listing provided by: Reza Shirangi DRE #01293969 949-466-0920, The Oppenheim Group
Listing updated: Jun 9, 2026 at 03:49pm.
Last checked: Jun 9, 2026 at 04:30pm
Source: CRMLS #OC26124776
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 5 | 3 | — | $0 | $0 | $5,000 | Unfurnished |
| 3 | 1 | 0 | — | $0 | $0 | $1,000 | Unfurnished |
# of Buildings: 2
# of Units Total: 4
Separate Electric Meters: 1
Separate Gas Meters: 1
Separate Water Meters: 1
Ranges: 4
Rent Control: No
Financial Snapshot
Gross Rent Multiplier
14.6x
List Price / Annual Gross Rent
Cap Rate
5.43%
NOI / List Price
Gross Scheduled Income: $120,000
Operating Expense: $25,000
Net Operating Income: $95,000
Annual Operating Expenses
Electric: $2,500
Fuel: $0
Insurance: $3,500
New Taxes: $17,000
Trash: $1,000
Water / Sewer: $1,000
Interior
Interior Features: All Bedrooms Down, Main Floor Bedroom, Main Level Primary
Room Type: Bedroom, Primary Bedroom
Cooling: Central Air
Heating: Central
Appliances: Gas Range
Fireplace: None
Laundry: Outside
Entry Location: First Floor
Exterior
Property Attached: No
Stories Total: 1
Levels: One
Common Walls: No Common Walls
Lot Features: Irregular Lot
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
Utilities: Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected
View: Trees Woods
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 61721301
Additional Parcels: No
Tax Lot: 118
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Curbs
Nearby Schools
Nearby schools around the 24092 Gemwood Drive, Lake Forest, CA 92630. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,399,920
Total Interest
$1,785,521
Total Payment
$3,185,441
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$10,821
per month
Property History for 24092 Gemwood Drive
Lake Forest Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92630.
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