Unlock the potential of 12 Calle Katrina, a rarely available townhome located in the highly sought-after Marbella community of Rancho Santa Margarita. This fixer-upper is perfect for cash buyers or savvy investors looking for a value-add opportunity in a prime Orange County location.
Offering strong upside potential, this property features a functional floor plan with great bones, but it’s ready for cosmetic updates and TLC. Ideal for fix & flip, buy & hold, or renovate and occupy, this home needs interior upgrades, flooring, paint, and other finishing touches to bring it back to life.
Nestled in a well-maintained community with access to top-rated schools, parks, shopping, dining, and Rancho Santa Margarita Lake amenities, enhance the investment appeal.
Don’t miss this as-is opportunity to purchase in a neighborhood where renovated comps are trading significantly higher. This is your chance to capture upside in a highly desirable location. No Blind Offers Will Be Accepted...
For sale
Listing Provided by:
Alex Vargas DRE #01332235 714-269-8775,
Re/Max Premier Realty
$997,000
12 Calle Katrina, Rancho Santa Margarita, CA 92688
3beds
1,758sqft
Est.:
Townhouse
Built in 1987
0.72 Acres Lot
$1,000,400 Zestimate®
$567/sqft
$712/mo HOA
What's special
Great bonesInterior upgradesFunctional floor planCosmetic updates
- 70 days
- on Zillow |
- 414 |
- 6 |
Zillow last checked: 7 hours ago
Listing updated: July 11, 2025 at 12:25pm
Listing Provided by:
Alex Vargas DRE #01332235 714-269-8775,
Re/Max Premier Realty
Source: CRMLS,MLS#: OC25116785
Originating MLS: California Regional MLS

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Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: Bedroom, Family Room, Kitchen, Laundry
Bedroom
- Features: All Bedrooms Up
Bathroom
- Features: Bathroom Exhaust Fan, Bathtub, Dual Sinks, Soaking Tub, Separate Shower, Tub Shower
Kitchen
- Features: Granite Counters, Pots & Pan Drawers
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Gas Range, Microwave
- Laundry: Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside
Features
- Cathedral Ceiling(s), Granite Counters, High Ceilings, Open Floorplan, All Bedrooms Up
- Flooring: Carpet, Tile
- Has fireplace: Yes
- Fireplace features: Family Room
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total interior livable area: 1,758 sqft
Property
Parking
- Total spaces: 2
- Parking features: Direct Access, Door-Single, Garage Faces Front, Garage
- Attached garage spaces: 2
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Pool features: Community, Association
- Has view: Yes
- View description: Mountain(s)
- Waterfront features: Lagoon
Lot
- Size: 0.72 Acres
- Features: Back Yard
Details
- Parcel number: 93228498
- Special conditions: Probate Listing
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
- Attached to another structure: Yes
Materials
- Roof: Tile
Condition
- New construction: No
- Year built: 1987
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Street Lights, Sidewalks, Pool
- Subdivision: Marbella (Mb)
HOA
- Has HOA: Yes
- Amenities included: Jogging Path, Barbecue, Picnic Area, Playground, Pickleball, Pool, Spa/Hot Tub
- HOA fee: $625 monthly
- HOA name: Marbella
- HOA phone: 949-709-0010
- Second HOA fee: $87 monthly
- Second HOA name: Samlarc
- Second HOA phone: 800-428-5588
Location
- Region: Rancho Santa Margarita
Financial & listing details
- Price per square foot: $567/sqft
- Tax assessed value: $308,307
- Annual tax amount: $3,140
- Date on market: 5/27/2025
- Listing terms: Cash,Cash to New Loan,Conventional
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