157 Avenida Adobe
About This Property
This home offers a little of something for everyone. A beach close, low maintenance residence: perfect as a vacation home, investment opportunity, primary residence, or for those looking to downsize and enjoy the finest in coastal living. Perfectly placed on a terraced lot in Presidential Heights 1 in South San Clemente, this home enjoys the conveniences of HOA maintained landscape, association pools, and is pristinely located next to SoCal's top surfbreaks: Trestles, San Onofre, and T Street. The Ocean breezes are augmented by central air conditioning unit, direct garage access, and HOA paid water. Call today for more information and to schedule your private showing.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 20, 2024 | Sold | ||
| Sold | |||
| Aug 25, 2024 | Price Decreased |
$946,000
↓ $50K
(5%) | |
| Price Decreased | |||
| Aug 25, 2024 | In contract | - | |
| In contract | |||
| Jul 2, 2024 | Listed by Luxre Realty, Inc. | $996,000 | |
| Listed by Luxre Realty, Inc. | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/02/2024
| |
2 Bed
|
2 Bath
|
1196 ft²
|
$996,000
2 Bed
2 Bath
1196 ft²
|
$936,000
-6.02%
09/20/2024
|
Brandi Cumin
Luxre Realty, Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017