1620 Orange Avenue
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 |
|---|---|---|---|
| Apr 18, 2019 | Sold | ||
| Sold | |||
| Mar 5, 2019 | Listed by LMB Enterprises | $1,169,000 | |
| Listed by LMB Enterprises | |||
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This is your chance to live in Newport Heights... at a Costa Mesa price! Positioned on the corner of Orange Avenue and 16th Place, sits 1620 Orange Avenue. This brand new Single Family Home was just built in 2017. It has been designed with a modern and open floor-plan. It is light and open with high ceilings throughout. The downstairs living areas flow flawlessly as you enjoy the kitchen, living, and dining room spaces. Pass through the La Cantina folding doors and enter your private patio to enjoy a cup of coffee or relax with a glass of wine. The designer kitchen boasts quartz countertops, stainless steel Bosch & KitchenAid appliances, custom light fixtures, and other state-of-the-art finishes that make it feel and look amazing. This is one of the few homes you will find that has a bedroom and a full bathroom on the 1st level. Upstairs you will find the Master Bedroom as well as a third bedroom, each with their own private bathrooms. Enjoy the conveniences of the attached 2-car finished garage with epoxy flooring, energy efficient heating & air conditioning, and a full upstairs laundry room. This home is located right on the Newport Heights / Eastside Costa Mesa border. Close to beaches, freeways, and the endless dining & shopping options along 17th street. You can be living in this home just in time to catch the first warm days of Spring this year! Spend the summer biking down to the beach from your new house! Come take a look before this one is gone...
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| Oct 19, 2017 | Sold | ||
| Sold | |||
| Jul 9, 2017 | Listed | $1,599,000 | |
| Listed | |||
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This is truly one of the most custom crafted, unique new home opportunities on the market. An artful blend of modern Cape Cod architecture with effortless California living. Distinctive in style, the open floor plan includes soaring ceilings on the main level and has an abundance of natural light. The great room includes a living area with La Cantina folding doors that open to the outdoor space, a dining area perfect for gatherings, and an incredible kitchen with informal seating bar, quartz counters with waterfall edge, custom lighting, and stainless Bosch and KitchenAid appliances. There is a bedroom and bath on the main level, ideal for guests or home office. The second level includes a master suite with walk-in closet, ensuite bath with dual vanity and spacious white marble shower. An additional bedroom is located away from the master and includes en-suite bath. It is evident that no expense has been spared with fine finishes such as white washed oak flooring, marble bathroom counters, Calcutta and Statuary quartz kitchen countertops, solid oak staircase with metal post and stainless cabling, high-tech wiring including alarm system and future solar panel conduit, energy efficient HVAC and water system, epoxied garage flooring, and so much more. There are multiple private outdoor spaces to enjoy. Location being paramount, you'll enjoy being a stone's throw from the beach, and the best restaurants and shopping that Newport Beach and Eastside Costa Mesa has to offer. The manager has listed the unit size as 1557 square feet.
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| Jun 7, 2017 | Listed by Villa Real Estate | $1,399,000 | |
| Listed by Villa Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017