Welcome to 121 Excursion, Irvine, a beautifully appointed detached
3-bedroom, 2.5-bath residence located in the highly desirable
Portola Springs community. Offering 1,597 square feet of
thoughtfully designed living space, this home is one of the best
values in the neighborhood and features some of the lowest HOA dues
in the area. Winding pathways and lush landscaping frame the
beautiful front entry, which opens into a bright, open-concept
great room designed for both everyday living and entertaining. At
the heart of the home is the stylish quartz island kitchen,
complete with stainless steel appliances, a tasteful tile
backsplash, large walk-in pantry with custom shelving, and wood
laminate flooring. The kitchen flows seamlessly into the living and
dining areas and offers direct access to a private patio garden and
the attached two-car garage-perfect for indoor-outdoor living.
Upstairs, a spacious second-floor landing provides a flexible area
ideal for a home office, workstation, creative space, or play area.
The upper level also features three generous bedrooms, including a
stunning primary suite highlighted by a spa-inspired bathroom with
dual vanities, a walk-in closet with custom organization, and
abundant natural light. A full secondary bath and convenient
upstairs laundry room complete the floor plan. Designer touches
throughout include custom plantation shutters, modern moldings and
hardware, dual-pane windows, LED lighting, epoxy flooring in
garage, recessed lighting and cohesive finishes that enhance the
home's turnkey appeal. Ideally located just blocks from
award-winning schools and Woodbury Town Center, and minutes from
UCI, Newport Beach, and South Coast Plaza. Residents also enjoy
access to resort-style community amenities including pools, parks,
clubhouse, tot lot, basketball, volleyball and tennis courts, BBQ
areas, and miles of scenic hiking trails. Turnkey, exceptionally
located, and beautifully maintained-this home is a rare opportunity
in Portola Springs and will not last.
Unit Size
1,597 Ft²
Days on Market
35 days
Land Size
0.34 acres
Price per sqft
$801
Property Type
Condo
Property Taxes
-
HOA Dues
$310
Year Built
2016
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier)
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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