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1450 Morningside Drive
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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%.
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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 |
|---|---|---|---|
| Jun 12, 2024 | No longer available | - | |
| No longer available | |||
| May 22, 2024 | In contract | - | |
| In contract | |||
| May 15, 2024 | Listed by Compass | $2,700,000 | |
| Listed by Compass | |||
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OPEN SATURDAY AND SUNDAY, MAY 18 & MAY 19, 1 - 4 PM. Say Hello to 1450 Morningside Drive located in the beloved Bluebird Canyon neighborhood of Laguna Beach. Enjoy a quiet breakfast outside on the private back patio where you’ll be doubly nourished by the lush, green canyon surroundings and nature's lovely birdsong. After the day's adventures, unwind in the evening on the front terrace drinking in the pinks and yellows and oranges as the sun sets over the ocean. Inside, the views are spectacular from every window delivering a daily dose of peace and tranquility no matter the hour. With impeccable finishes, the designer kitchen showcases custom rift white oak cabinetry, luxury appliances, and stunning honed quartzite counters. This one-of-a-kind home also boasts a newly renovated primary bath with stylish tile, Grohe fixtures, and custom cabinetry. Thoughtful improvements, including a newer HVAC system, tankless water heater, upgraded electric service and panel and several newer windows, ensure modern comfort blends seamlessly with the original Mid-Century Modern design. This 3-bedroom, 2-bathroom retreat offers the best of both worlds: peace and quiet while also being a short golf cart ride to the beach or the shops and restaurants of the Hip District and Laguna Beach Village. Live within easy access to world-class hiking and mountain biking trails, spend the day surfing at Brooks, or throw on a light jacket for a cool summer evening Art Walk. This home is a dream. For the most discerning buyer who is equal parts introvert and extrovert: Welcome Home to 1450 Morningside Drive. The manager has listed the unit size as 1779 square feet.
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| May 3, 2019 | Sold | ||
| Sold | |||
| May 7, 2018 | Listed by Realty One Group Inc | $1,745,000 | |
| Listed by Realty One Group Inc | |||
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About Rancho Laguna
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017