24092 Gemwood Drive, Lake Forest, CA 92630

$1,749,900 Approx. USD 5 beds, 3 baths
2,351 sqft

New Listing Open House 5/31 1:00 PM - 3:00 PM

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Brochure

Photo of Dennis Kamrany

Marketed By Dennis Kamrany REALTOR® - Sales Associate 310-699-7010 m
Lic#: 01933492
NRDS ID: 175525183
denniskamrany@gmail.com Santa Monica Office
3130 Wilshire Blvd, Suite 100
Santa Monica, CA 90403
Phone: 310-829-0629
Fax: 310-829-7541

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Agent Remarks

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 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.

Listing Details

Property type: Single Family Residence (Single Family)

Status: Active

MLS# OC26108246

Price: $1,749,900

HOA Fee is $0.00

Beds: 5

Baths: 3 (2 full)

None fireplaces

Built in 1965

2,351 sqft

1 story