1404 Scholarship
About This Property
A second floor loft opens to the first floor below and creates a large flexible space perfect for an office or secondary family room. The master bedroom features mirrored closet doors and ensuite bath while the guest suite includes a walk-in closet and direct access to the exterior deck. Incredible Avenue One amenities include a resort-style junior Olympic swimming pool, indoor basketball court, fitness center, putting green, fireplace and social spaces including alfresco dining area and barbecues. Located in sought-after Irvine, the central location is just a stone's throw from shopping, dining, John Wayne Airport, and the University of California, Irvine (UCI).
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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 |
|---|---|---|---|
| Sep 24, 2019 | Sold | ||
| Sold | |||
| Apr 1, 2019 | Listed by Compass | $588,000 | |
| Listed by Compass | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/01/2019
| |
2 Bed
|
2 Bath
|
1274 ft²
|
$588,000
2 Bed
2 Bath
1274 ft²
|
$580,000
-1.36%
09/24/2019
|
Mark Stanga
Compass
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017