15240 Severyns Road
About This Property
This home features a 3-car garage with an abundance of storage space throughout, along with a Tesla/EV charger. The residence balances sophisticated design with high-tech efficiency, anchored by a gourmet kitchen featuring a luxury GE Monogram appliance suite and a custom built-in desk nook-perfect for a modern home office. The home also features high ceilings, built-in speakers for playing your favorite music, and beautiful engineered wood flooring.
The interior flows seamlessly into the dining area, while remote-operated motorized shades throughout the downstairs help keep the home cool and comfortable. Climate control is optimized with dual AC units, including a recently upgraded downstairs system. The main level features 1 bedroom and 1 full bathroom, providing an ideal setup for guests, extended family, or multi-generational living. Upstairs, you'll find 4 spacious bedrooms, along with a conveniently located laundry room.
Step outside to a private oasis designed for entertaining. The backyard features a custom BBQ bar with a built-in sink and mini-fridge, a cozy outdoor fireplace, and exterior accent uplighting that creates a warm atmosphere in the evenings. Smart-home technology continues outdoors with a Rachio smart sprinkler controller. Residents also enjoy access to three pristine neighborhood parks, offering a turnkey luxury lifestyle in an exceptional setting.
HOA amenities include a community pool, Jacuzzi, clubhouse, gym, 4 greenbelt parks, playground, and sports courts. Located within the award-winning Tustin Unified School District, including Legacy Magnet Academy and Heritage Elementary.
Enjoy the convenience of walking to The Village at Tustin Legacy, offering numerous shops and restaurants, Hoag Urgent Care, and Veterans Sports Park. Just a short drive away are The District at Tustin Legacy, The Market Place, two Costco locations, Whole Foods, Amazon Fresh, the 5, 55, and 405 freeways, and the 261, 241, and 133 toll roads.
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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 19, 2026 | Sold | ||
| Sold | |||
| Sep 19, 2026 | In contract | - | |
| In contract | |||
| Aug 29, 2026 | Listed by Compass | $2,150,000 | |
| Listed by Compass | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Aug 25, 2020 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017