Updated 55+ Senior
3-1529 Woodlake Irvine, CA 92604
For Sale
$415,000
Move-in ready 2-bedroom, 2-bath senior home with updated interior, accessible features, and a private patio.
Property Size1,552 SF
Price / SF$267.40
Days on Market38
Property Features for 3-1529 Woodlake
General Information
Standard status
Active
Size
1,552 SF
Property subtype
Manufactured In Park
Listing Agency:
Century 21 Affiliated
(714) 457-2345
Listed By:
Ginger Vanier
(714) 457-2345
Source:
Exprealty
Added: Jun 22
Changed: Jul 27
Last Checked: Jul 27 at 5:28AM
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 Century 21 Affiliated
Investment Insights
Based on property information with market context.
Welcome to 1529 Woodlake, a beautifully updated, turnkey senior residence in a 55+ gated community. The home offers a 2-bedroom, 2-bath layout with newer vinyl flooring, smooth ceilings, and fresh paint throughout. The remodeled kitchen includes granite countertops, custom cabinetry with pull-out shelves, a built-in oven and microwave combo, a five-burner cooktop, a vented range hood, a breakfast bar, and built-in pantry/buffet cabinetry.
The primary suite features a built-in air cleaner and a remodeled bath with a custom walk-in shower, a walk-in tub, dual-sink vanity, and grab bars. The secondary bath has also been updated. Additional improvements include a tankless water heater, replaced under-house plumbing, a skylight, a newer garage door opener, and an accessible ramp.
Outside, the property includes landscaped grounds, a private patio, and a 2-car attached garage with direct access. Community amenities include a scenic lake, walking paths, clubhouse, pool and spa, library, billiards, and a social calendar. The property is positioned near shopping, dining, medical centers, major freeways, and Orange County attractions.
The primary suite features a built-in air cleaner and a remodeled bath with a custom walk-in shower, a walk-in tub, dual-sink vanity, and grab bars. The secondary bath has also been updated. Additional improvements include a tankless water heater, replaced under-house plumbing, a skylight, a newer garage door opener, and an accessible ramp.
Outside, the property includes landscaped grounds, a private patio, and a 2-car attached garage with direct access. Community amenities include a scenic lake, walking paths, clubhouse, pool and spa, library, billiards, and a social calendar. The property is positioned near shopping, dining, medical centers, major freeways, and Orange County attractions.
Key Highlights
- Move‑in ready 2‑bedroom, 2‑bath senior home with approximately 1,552 SF of living space
- Remodeled kitchen with granite countertops, custom cabinetry with pull‑out shelves, built‑in oven/microwave combo, five‑burner cooktop, vented range hood, breakfast bar, and pantry buffet cabinetry
- Primary suite includes built‑in air cleaner and remodeled bath with custom walk‑in shower, walk‑in tub, dual‑sink vanity, and grab bars
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.8k | $36.60 |
| − Vacancy | −$2.6k | −$1.65 |
| EGI | $54.2k | $34.95 |
| − OpEx | −$24.4k | −$15.73 |
| NOI | $29.8k | $19.22 |
1,552 SF · lease $36.60/SF/yr · vacancy 4.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$426.2K
$373.0K – $497.3K
NOI $29,836 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$511.1K
$447.2K – $596.3K
NOI $35,776 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Irvine Adult Day Health Services — 20 Lake Rd, Irvine, CA 92604
- Pink Smile Child Care — 12 Del Vincente, Irvine, CA 92606
Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Move-in ready 2-bedroom, 2-bath senior home with updated interior, accessible features, and a private patio.
Where is this senior housing / retirement home located?
The property is located at 3-1529 Woodlake Irvine, CA.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Move‑in ready 2‑bedroom, 2‑bath senior home with approximately 1,552 SF of living space; Remodeled kitchen with granite countertops, custom cabinetry with pull‑out shelves, built‑in oven/microwave combo, five‑burner cooktop, vented range hood, breakfast bar, and pantry buffet cabinetry; Primary suite includes built‑in air cleaner and remodeled bath with custom walk‑in shower, walk‑in tub, dual‑sink vanity, and grab bars
