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1477 Cerritos- 1577 Morningside
About This Property
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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%.
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 26, 2026 | Price Decreased |
$1,000,000
↓ $1M
(50%) | |
| Price Decreased | |||
| Sep 1, 2026 | Listed by Harcourts Prime Properties | $2,000,000 | |
| Listed by Harcourts Prime Properties | |||
| Jan 9, 2025 | Listed | $5,745,000 | |
| Listed | |||
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Immerse yourself in the stunning views of gentle rolling hills, dramatic sandstone walls, lush canyon vegetation, and the peaceful blue Pacific. Experience the beauty of Laguna Beach with this expansive 13+ acre lot in the heart of the city. Spanning a breathtaking valley from edge to edge, the lot offers two potential building sites, 1477 Cerritos and 1577 Morningside. Immerse yourself in the stunning views of rolling hills, thick canyon vegetation, and the ocean. The 1477 Cerritos building site comes complete with plans, ready for you to bring your vision of a dream home to life. Seize this rare opportunity to own a piece of paradise in one of the most coveted locations in Southern California.
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About Temple Hills
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017