121 Oceano

Irvine, CA 92602

$2,580,000

3 beds
3 baths
2,205 sq ft
0.13 acres
Built 2020

Listed by Latitude 33 Real Estate · MLS #PW26064487

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121 Oceano, Irvine, CA 92602 · MLS #PW26064487

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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2020.

Garage parking

2 garage spaces listed.

Property size

0.13 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

HUGE BACKYARD, which is incredibly rare to find! Welcome to 121 Oceano, an exceptional 3-bedroom, 2.5-bathroom end-unit home built in 2020, nestled in the prestigious guard-gated community of Orchard Hills Reserve. Offering a sprawling 2,205 square feet of thoughtfully designed living space, this property is significantly larger than comparable models, but its true centerpiece is the unparalleled indoor-outdoor connection.

Set on a premium lot with no immediate neighbor on one side, the ultra-private backyard is an entertainer's dream. Designed with clean architectural lines and multiple levels of usable space, it features a built-in outdoor kitchen island with a prep sink, a modern fire pit lounge, premium low-maintenance artificial turf, and extensive elegant hardscape. There is even a custom-built modern pet house matching the home's aesthetic! Surrounded by a backdrop of mature greenery, this space feels open, private, and remarkably quiet.

The transition indoors is completely seamless. Massive floor-to-ceiling multi-panel sliding glass doors fully retract, inviting you into a brilliantly designed open-concept layout. Filled with natural light, the home features sleek high-gloss tile flooring, while the unobstructed sightline from the entry extends directly to the lush outdoor space, reinforcing the home’s incredible sense of openness.

Upstairs, the luxury continues in the primary suite. A massive picture window perfectly frames unbeatable, sweeping views of your private backyard and the surrounding mature trees, bringing in both gorgeous light and a sense of calm. Every detail has been thoughtfully addressed, right down to the fully finished garage featuring pristine epoxy flooring, custom-painted walls, bright LED lighting, and a water treatment system. An inviting exterior facade and elegant paver driveway enhance the home’s impressive curb appeal.

Located within the highly sought-after, exclusive gated enclave of Orchard Hills Reserve, residents enjoy ultimate security and peace of mind, along with access to resort-style pools, parks, and top-rated Irvine Unified schools. This home offers a rare combination of space, absolute privacy, and turnkey perfection!

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THE NEIGHBORHOOD

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121 Oceano, Irvine, CA 92602

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LOCAL MARKET CONTEXT

Orange County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$1,230,134Up 2.6% vs. the previous 12 months

Months of supply2.912-month average

Days on market3712-month weighted average

Latest available data: August 2026. Research by ERA Brokers Consolidated.

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These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type: Residential
Category: Residential
Year built: 2020
Full baths: 2
Half baths: 1
Garage spaces: 2
Cooling: CentralAir
Heating: Central
Appliances: SixBurnerStove,Dishwasher,GasOven,Microwave,Refrigerator,TanklessWaterHeater
Flooring: Tile,Wood
Utilities: ElectricityConnected,NaturalGasConnected,SewerConnected,WaterConnected
Fencing: Block
Pool: No
Pool features: Community,Association
Spa: Yes
Subdivision: Vivo
Parcel: 93824225
HOA: Orchard Hills
HOA amenities: Pool,SpaHotTub
HOA fee frequency: Monthly
HOA fee: $356.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—

Estimated monthly rent$10,750.00

Cap rate—

Annual operating income: —

HOA: Includes $356.00 per month in HOA dues, converted from the $356.00 monthly fee reported by the listing source.

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Purchase price

Rental income & operating costs

Estimated monthly rent

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Vacancy allowance (%) Management fee (%) Maintenance reserve (%) Capital reserve (%)

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Annual insurance

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Monthly HOA

Other monthly costs

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

Down payment (%) Interest rate (%) Loan term

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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Listing information

MLS #PW26064487 · California Regional MLS

Listing brokerage: Latitude 33 Real Estate
Listing agent: Rui Dai

Listing status: Active. Record updated September 10, 2026. Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.