$960,000
●
House -
Off Market
1692 Orchard Drive
Newport Beach, CA 92660
3 Beds
2 Baths
1,437 Ft²
$1,422,613
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model
About This Property
Welcome home to your Mid Century Modern Masterpiece located in
Santa Ana Heights. This classic California gem is a steal with its
indoor/outdoor living space, open floor plan, and spacious
backyard. Offering just under 1500 sqft of living space, the 3
bedroom 2 bath home remodeled with Heath Ceramics is a dream! The
large backyard offers a gas fire pit, water fountain, raised
planter vegetable garden with drip system ,and outdoor dinning
table with fire feature as well there is room for Air Streamer RV,
storage area, and multiple lounge area. Located Prime Newport
Beach: John Wayne Airport, South Coast Mall, Back Bay Nature
Preserve, and some of the best beaches in Orange County.
Unit Size
1,437 Ft²
Days on Market
63 days
Land Size
0.16 acres
Price per sqft
$623
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1956
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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: 5 months ago (CRMLS #PW17194002)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 23, 2017 | Sold | ||
| Sold | |||
| Aug 21, 2017 | Listed by Keller Williams Pacific Estate | $895,000 | |
| Listed by Keller Williams Pacific Estate | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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ft²
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HOA + Taxes
About Costa Mesa
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Listed by: Keven Stirdivant, Keller Williams Pacific Estate
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PW17194002
Last Updated: 5 months ago
Data Source: CRMLS, MLS# PW17194002
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