Listed by: Paul Young, Pacific Sterling Realty
$1,785,000
●
Condo -
Off Market
24 Cedarlake #49
Irvine, CA 92614
3 Beds
3 Baths,
1
Half Bath
2,320 Ft²
$9,374
Est. Monthly
$535
HOA / Fees
2.78%
Cap Rate
About This Property
Gorgeous 3 bedroom plus office home by the lake located in the
prestigious village of Woodbridge in Irvine. Front courtyard plus
grand entry with high ceiling welcomes you into this highly
upgraded home. Inside boasts $200k worth of renovation and
upgrades. From completely remodeled European style kitchen with
high end Miele appliances to custom cabinets, beautiful marble
flooring and wood staircases which extends into second level, new
double pane windows throughout, new AC, water heater, Epoxy
flooring in the garage and more. Large backyard is an
absolute paradise with citrus tree and no neighbors behind.
Enjoy the many amenities Woodbridge has to offer from pool,
spa, Lagoon, tennis courts, parks, trails which extends to North
lake and nearby Woodbridge shopping center. Award winning
Irvine Unified schools are also close by.
Unit Size
2,320 Ft²
Days on Market
51 days
Land Size
-
Price per sqft
$776
Property Type
Condo
Property Taxes
-
HOA Dues
$535
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #OC25008961)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 28, 2025 | Sold | ||
| Sold | |||
| Feb 5, 2025 | Listed by Pacific Sterling Realty | $1,800,000 | |
| Listed by Pacific Sterling Realty | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Direct Access, Door Single, Garage
Garage Spaces: 2
Garage Spaces: 2
Has Attached Garage: Yes
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 3
Full Bathrooms: 2
Half Bathrooms: 1
Bathrooms on Main Level: 1
Levels: Two
Interior Features: Breakfast Bar, Built In Features, Cathedral Ceilings, Separate Formal Dining Room, Eat In Kitchen, High Ceilings, Open Floorplan, Recessed Lighting, Entrance Foyer, Primary Suite, Walk In Closets
Appliances: Dishwasher, Electric Cooktop, Microwave, Refrigerator, Vented Exhaust Fan, Water Heater
Flooring Type: Stone, Tile, Vinyl
Living Area Square Feet Source: Assessor
Doors: Double Door Entry, French Doors
Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Inside
Has Fireplace
Living Room
Exterior Details
Property Condition: Updated Remodeled
Year Built: 1984
Parcel Number: 93860144
Waterfront Features: Across The Road From Lake Ocean, Lake, Lake Privileges
Home Type: Residential
Structure Type: House
Architectural Style: Cape Cod, Traditional
Foundation Details: Slab
Roof: Concrete, Slate
Window Features: Insulated Windows, Screens
Construction Materials: Wood Siding
Outdoor Living Structures: Brick, Concrete, Patio, Wrap Around
Spa Features: Association, Community
Pool Features: Community, Association
Lot Information: Zero To One Unit Acre, Landscaped, Yard
Lot Size Source: Assessor
Elevation Units: Feet
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Location Details
Association Amenities: Sport Court, Dock, Fire Pit, Meeting Room, Management, Meeting Banquet Party Room, Outdoor Cooking Area, Barbecue, Picnic Area, Playground, Pickleball, Pool, Recreation Room, Spa Hot Tub, Tennis Courts, Trails
Association Fee: $396
Association Fee Frequency: Monthly
Association Fee2: $139
Association Fee2 Frequency: Monthly
Community Features: Biking, Curbs, Hiking, Lake, Park, Street Lights, Sidewalks, Water Sports, Fishing, Pool
Security Features: Carbon Monoxide Detectors, Smoke Detectors
Subdivision: Lakeside (LK)
Elementary School: Springbrook
Middle or Junior School: South Lake
High School: Woodbridge
High School District: Irvine Unified
Subdivision Name: Lakeside (LK)
Directions: Right on Clearlake, right on Cedarlake
Other Details
Listing Terms: Cash, CashToNewLoan, Conventional
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/05/2025
|
3 Bed
|
3 Bath
|
2320 ft²
|
$1,800,000
3 Bed
3 Bath
2320 ft²
|
$1,785,000
-0.83%
03/28/2025
|
Paul Young
Pacific Sterling Realty
|
Building Info
About Woodbridge
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Listed by: Paul Young, Pacific Sterling Realty
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC25008961
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC25008961
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