This stunning detached two-story home from Lennar's "Adagio II"
collection is within walking distance of Portola High School, Solis
Park K-8, and the exclusive Rise Pool, located in the award-winning
Irvine Unified School District. Featuring 3 bedrooms, 2.5
bathrooms, a loft, a private patio, an attached side-by-side 2-car
garage, and approximately 2,452 sq. ft. of elegant interior living
space, this TURNKEY property offers luxury and convenience. Inside,
you'll find an open floor plan with premium hardwood flooring, LED
recessed lighting, custom window shades, high ceilings, and a Tesla
car charger. The chef-inspired gourmet kitchen boasts quartz
countertops, a full decorative backsplash, white shaker cabinetry
with soft-close drawers, and a suite of stainless steel appliances,
including a built-in refrigerator. Sliding glass doors provide
seamless access to a private patio, creating the perfect setting
for indoor-outdoor entertaining. This exceptional property also
includes fully paid-off solar panels and two Tesla Powerwalls,
ensuring energy efficiency and peace of mind for years to come. As
a resident, you'll enjoy access to world-class amenities exclusive
to RISE and Great Park communities, including 13 swimming pools, 8
jacuzzis, playgrounds, zen gardens, and master-planned amenities
like 5 parks, 3 full basketball courts, 3 club rooms, BBQ picnic
areas, and a greenhouse. This home is just minutes from shopping
and dining at Woodbury Town Center, live events at FivePoint
Amphitheatre, Irvine Spectrum, John Wayne Airport, Kaiser
Permanente, and major freeways (I-5, 241, 133, & 73). This
exceptional home offers a lifestyle of luxury, convenience, and
community. Don't miss this opportunity!
Unit Size
2,452 Ft²
Days on Market
54 days
Land Size
0.07 acres
Price per sqft
$774
Property Type
Condo
Property Taxes
-
HOA Dues
$235
Year Built
2021
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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.
Interior Features: Breakfast Bar, Built In Features, Separate Formal Dining Room, High Ceilings, Open Floorplan, Pantry, Quartz Counters, Recessed Lighting, Unfurnished, All Bedrooms Up, Primary Suite, Walk In Closets
Appliances: Six Burner Stove, Built In Range, Convection Oven, Dishwasher, Freezer, Gas Cooktop, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Range Hood, Tankless Water Heater, Water To Refrigerator
Flooring Type: Wood
Living Area Square Feet Source: Assessor
Doors: Sliding Doors
Laundry Features: Laundry Room, Upper Level
None
Exterior Details
Property Condition: Turnkey
Year Built: 2021
Parcel Number: 93011519
Home Type: Residential
Structure Type: House
Architectural Style: Traditional
Builder Name: Lennar
Roof: Tile
Window Features: Custom Coverings
Construction Materials: Stucco
Outdoor Living Structures: Patio
Spa Features: Association
Pool Features: Association
Lot Information: Near Park
Lot Size Source: Estimated
Lot Size Acres: 0.0689
Elevation Units: Feet
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Utilities: Sewer Connected
Location Details
Association Amenities: Sport Court, Dog Park, Maintenance Front Yard, Barbecue, Pool, Spa Hot Tub
Association Fee: $235
Association Fee Frequency: Monthly
Community Features: Biking, Curbs, Dog Park, Gutters, Hiking, Storm Drains, Street Lights, Sidewalks, Park
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