24092 Gemwood Drive
Lake Forest, CA 92630
5
Bed
2
Bath
2,351Sqft
16,113Sqft(Lot)
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 invento
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 5Bathroom Information
Total Baths: 3 Full Baths: 2Water/Sewer
Water Source: Public Sewer: Public Sewer -
Interior Features
Interior Features: All Bedrooms Down,Bedroom on Main Level,Main Level Primary Property Appliances: Gas Range Fireplace: None -
Cooling Features
Central Air Air ConditioningHeating Source
Central Has HeatingFireplace
Fireplace Features: None Has Fireplace: 0
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Building Information
Year Built: 1965 -
Pool Features
NoneLaundry Features
Outside
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3699 -
Lot Size Source: Owner Lot Size Square Feet: 16113
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Listing Price Information
Original List Price: 1,749,900 Listing Contract Date: 2026-05-19 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 61721301
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Other Property Info
Source Listing Status: Active Source Neighborhood: 699 - Not Defined Directions: From the I-5 Freeway, El Toro Rd north, right on Rockfield, right on Landsview, Right on Penfield, left on Gemwood, turn left on first Cul de Sac, house at end of CDS. Cross Streets: Rockfield/El Toro Rd Source Property Type: Residential Area: 699 - Not Defined Property SubType: Single Family Residence -
Building and Construction
Property Age: 61 Common Walls: No Common Walls Structure Type: Single Family Residence Year Built Source: Assessor Total Square Feet Living: 2351 Entry Level: 1 Entry Location: first floor Levels or Stories: One Building Total Stories: 1 Structure Type: House
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 98 Pinnacle, Lake Forest, CA, 92630 | $1,998,000 | 4 | 3 | 3,342 | 3,342 SqFt |
| 151 Mulberry, Lake Forest, CA, 92630 | $2,295,000 | 5 | 5 | 3,231 | 3,231 SqFt |
| 161 Walworth, Lake Forest, CA, 92630 | $2,255,000 | 5 | 5 | 3,176 | 3,176 SqFt |
| 140 Walworth, Lake Forest, CA, 92630 | $2,290,000 | 5 | 5 | 3,283 | 3,283 SqFt |
| 190 Orange, Lake Forest, CA, 92630 | $2,399,000 | 5 | 5 | 3,176 | 3,176 SqFt |
| 120 Parkland Alley, Lake Forest, CA, 92630 | $1,890,000 | 5 | 4 | 2,786 | 2,786 SqFt |
| 3 Silver Spruce Ct, Lake Forest, CA, 92630 | $1,838,000 | 5 | 4 | 3,331 | 3,331 SqFt |
| 11 Silver Spruce Court, Lake Forest, CA, 92630 | $1,825,000 | 5 | 4 | 3,331 | 3,331 SqFt |
| 21642 Audubon, Lake Forest, CA, 92630 | $895,000 | 3 | 2 | 1,164 | 1,164 SqFt |
| 141 Hill, Lake Forest, CA, 92630 | $2,399,000 | 5 | 5 | 3,644 | 3,644 SqFt |
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ByOwner last updated this listing 06/09/2026 @ 16:20
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