$1,749,900
24092 Gemwood Drive, Lake Forest CA 92630
Multi-Family (4 Units)
Property type
6 days
On market
$700
Price per sqft
0 cars
Garage
1965
Year built
16,113 sqft
Lot size
Home highlights
Open Houses
Overview
Rare Single-Story Estate on a Massive 16,113 Sq Ft Cul-de-Sac Lot in Lake Forest | Endless Space, Privacy & Future Potential Located at the end of a quiet cul-de-sac in one of South Orange County’s most desirable neighborhoods, 24092 Gemwood Drive presents a truly rare opportunity to own a spacious, versatile estate with exceptional land value and long-term potential. This...
Listing provided by: Reza Shirangi DRE #01293969 949-466-0920, The Oppenheim Group
Listing updated: Jun 16, 2026 at 12:39am.
Last checked: Jun 16, 2026 at 01:00am
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.
Similar Homes
Listings with similar prices to 24092 Gemwood Drive