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1521 Kenneth Drive
About This Property
A rare opportunity in the desirable North Tustin area. This inviting single-level home is quietly positioned on a peaceful cul-de-sac in a historic neighborhood and on an expansive 11,290-square-foot lot, offering not only comfortable living today but exceptional possibilities for the future.
The 3-bedroom, 2-bath floor plan provides an easy, single-level lifestyle with generous natural flow between the living spaces. Laminate wood flooring extends throughout the main living areas, while the living room is anchored by a classic raised-hearth brick fireplace, creating a warm and welcoming focal point. The kitchen features original 1950s wood cabinetry, newer granite countertops, pantry storage, and an open connection to the dining area. Sliding doors extend the dining space outdoors, making entertaining and everyday living feel effortless.
The primary suite offers a private en suite bath, while two additional bedrooms are conveniently situated near the secondary full bath. The home's practical layout and single-level design provide flexibility for a variety of lifestyles and stages of life.
Beyond the interior, the property truly distinguishes itself. The expansive backyard features a wood deck, tranquil water feature, and broad lawn with ample space for entertaining, gardening, recreation, or simply enjoying the peaceful surroundings. The substantial lot also opens the door to envisioning additional living space, a potential ADU, a multigenerational living arrangement, or a pool.
With its sought-after cul-de-sac setting, generous lot size, single-level floor plan, and room to grow, this property offers something increasingly difficult to find: a home that works beautifully today while providing the space and flexibility to envision what comes next.
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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 |
|---|---|---|---|
| Oct 15, 2026 | In contract | - | |
| In contract | |||
| Oct 5, 2026 | Listed by Redfin | $1,365,000 | |
| Listed by Redfin | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017