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1232 Palos Verde Drive
About This Property
Features include NEW paint, NEW carpeting, NEW tile flooring in kitchen and bathrooms, refinished Hardwood flooring in Living Room, A complete NEW kitchen, including NEW cabinetry, NEW Granite counter tops, NEW kitchen appliances, NEW recessed lighting! Bathrooms have NEW vanities, NEW fixtures, and NEW flooring! Add to this ALL NEW mirrored closet doors and NEW ceiling fans in Bedrooms. Dual pane windows throughout, too.
The Sparkling swimming pool has NEW plaster, and NEW pool equipment! NEW sod in the front yard, and possible R.V. access on one side of the house!
This home has NO Mello Roos and NO HOA fees! Low Property taxes!!
No neighbors behind, and a view of the Santa Ana Riverbed too, WOW!!
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Cap Rate Calculator
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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 6, 2025 | Sold | ||
| Sold | |||
| Jul 4, 2025 | In contract | - | |
| In contract | |||
| Jun 19, 2025 | Listed by Jason Mitchell Real Estate California | $815,000 | |
| Listed by Jason Mitchell Real Estate California | |||
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Discover this stunning TURNKEY single-story pool home with breathtaking VIEWS, ready for you to move in! With a bright and open floor plan spanning 1,680 square feet, this home features four spacious bedrooms and two full bathrooms. As you arrive at 1232 Palos Verde Drive, you'll be captivated by its impressive curb appeal. Every inch of this home has been beautifully upgraded and lovingly maintained. Upon entering, you'll find a spacious family room, living room, and dining area, perfect for entertaining, complete with a cozy stone fireplace. Step into the chef’s kitchen, where granite countertops, stainless steel appliances, and crisp white cabinetry create an inviting culinary space. The bathrooms are tastefully designed with upgraded granite countertops, elegant cabinetry, modern fixtures, and stylish tile, ensuring a luxurious feel. Set on an expansive 8,276-square-foot lot, the resort-style backyard is a true oasis. It boasts a sparkling pool, BBQ Island, an alumawood patio cover with recessed lighting, ceiling fans, and heaters—ideal for entertaining. Imagine unforgettable BBQs with family and friends while enjoying breathtaking sunset views over the city lights and mountains. The backyard also features a turf mini-golf area for fun recreation, a sandbox, and a useful shed for storage. Additional highlights include decorative paint and wall panels, luxury tile flooring throughout, vaulted ceilings, recessed lighting, plantation shutters, and energy-efficient windows promoting comfort and style. Best of all, you can enjoy this amazing home without any "Mello-Roos fees or HOA restrictions!" Don’t miss out—schedule a visit today to experience this magnificent home for yourself!
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| Jan 23, 2019 | Sold | ||
| Sold | |||
| Dec 1, 2018 | Listed by RE/MAX RESULTS | $499,500 | |
| Listed by RE/MAX RESULTS | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017