$1,425,000
●
House -
Off Market
16 Wayfarer
Irvine, CA 92614
3 Beds
2 Baths,
1
Half Bath
1,571 Ft²
$7,298
Est. Monthly
$237
HOA / Fees
3.41%
Cap Rate
About This Property
Best value in Woodbridge with built-in equity and an excellent
opportunity to own a detached home. This cottage is well maintained
and lovingly cared for featuring; wood style laminate plank
flooring throughout, crown molding, recessed lighting, ceiling fans
in all 3 bedrooms and secondary living space, efficient dual-pane
windows, an updated HVAC system, 2 month new water heater, updated
roof. The house is situated on a grassy greenbelt away from busy
streets and is located in the premium "inside the loop" location.
The extended patio is bright and cheery and the attached oversized
2 car garage hosts storage shelving and a work bench. No Mello Roos
and low HOA dues. Woodbridge residents enjoy 2 lakes, 2 beach
lagoons, 22 pools, 24 tennis courts, 4 pickleball courts and
year-round community events.
Unit Size
1,571 Ft²
Days on Market
174 days
Land Size
0.07 acres
Price per sqft
$915
Property Type
House
Property Taxes
-
HOA Dues
$237
Year Built
1980
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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.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #OC25033312)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 12, 2025 | Sold | ||
| Sold | |||
| Jul 9, 2025 | In contract | - | |
| In contract | |||
| Jun 3, 2025 | Price Decreased |
$1,438,000
↓ $60K
(4%) | |
| Price Decreased | |||
| Feb 12, 2025 | Listed by Real Broker | $1,498,000 | |
| Listed by Real Broker | |||
Property Highlights
Garage
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Woodbridge
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Listed by: Michelle Phillips, Real Broker
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC25033312
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC25033312
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