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    Irvine Condo in Woodbury Community Title is generated by Realmo AI

    116 Townsend, Irvine, CA 92620

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    For Sale
    $1,395,000

    Well-maintained end-unit condo in Irvine's Woodbury community with resort-style amenities.

    Type:Condominium
    Property size:
    1,987 SF
    Price / SF:
    $702/SF
    Added:
    Aug 7, 2025
    Days on Market:
    304
    Last Refresh:
    May 19 at 9:20 pm

    Property Features for 116 Townsend

    General Information

    Standard status
    Active
    Size
    1,987 SF
    Property subtype
    Condominium

    Building Details

    Year Built
    2005

    We can help!

    Listing Contact
    Cesi Pagano
    Cesi Pagano

    Listing agent Cesi Pagano License #DRE

    Listing office Keller Williams Realty

    Listing date Aug 7, 2025

    Source Kw

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty

    HighLights

    • Located in the desirable Woodbury community of Irvine, known for its resort‑style amenities including multiple pools, tennis, and basketball courts.
    • End‑unit condo with a private courtyard, offering enhanced privacy and outdoor living space.
    • Features a stylish and practical kitchen with a large granite island, stainless steel appliances, maple cabinetry, and abundant storage, seamlessly flowing into the family room.
    • Primary suite includes a private balcony, walk‑in closet, and ensuite bath with dual vanities and an oversized walk‑in shower.
    • Situated in the award‑winning Irvine Unified School District.
    • Close proximity to the Irvine Great Park, offering a sports complex, fields, tennis center, playgrounds, farmers market, and bike trails.

    Overview

    Located in Irvine’s Woodbury community, this end-unit condo offers comfort and functionality. The home features fresh paint throughout. The living room includes a fireplace and hardwood flooring. The dining area, equipped with recessed lighting, opens to a private courtyard. The kitchen features a large granite island with bar seating, stainless steel appliances, maple cabinetry, and storage. It flows into the family room. Downstairs, there is a guest bath and a laundry room with built-in storage. Upstairs, two secondary bedrooms have mirrored closet doors and access to a full bath with granite counters and tile flooring. The upstairs hall includes linen cabinets. The primary suite features a private balcony and a Juliet balcony, a walk-in closet, and an ensuite bath with dual vanities and an oversized walk-in shower with a built-in bench. Residents can enjoy resort-style amenities, including tennis and pickleball courts, basketball courts, multiple pools, and green spaces. The property is located minutes from the Irvine Great Park, which offers a sports complex, soccer and baseball fields, a championship tennis center, playgrounds, a carousel, farmers market, bike trails, and the Great Park Balloon. The property is located in the Irvine Unified School District. The property size is 1987 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Irvine
    County
    Orange
    State
    California
    Longitude
    -117.748
    Latitude
    33.7015

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained end-unit condo in Irvine's Woodbury community with resort-style amenities.
    Where is this apartment building located?
    The property is located at 116 Townsend Irvine, CA.
    What is the asking price?
    The asking price for this property is $1,395,000.
    What are key features of this property?
    This property features: Located in the desirable Woodbury community of Irvine, known for its resort‑style amenities including multiple pools, tennis, and basketball courts.; End‑unit condo with a private courtyard, offering enhanced privacy and outdoor living space.; Features a stylish and practical kitchen with a **large granite island, stainless steel appliances, maple cabinetry, and abundant storage**, seamlessly flowing into the family room.
    (949) 370-0819
    We can help!
    Listing Contact
    Cesi Pagano
    Cesi Pagano
    Real Estate License ID: DRE
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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