$1,298,000
●
Condo -
Off Market
185 Steely Street
Irvine, CA 92614
4 Beds
3 Baths,
1
Half Bath
1,856 Ft²
$6,925
Est. Monthly
$306
HOA / Fees
5.47%
Cap Rate
About This Property
185 Steely, Irvine offers modern, low-maintenance living in
the heart of the Irvine Business Complex. Built in 2021, this
spacious 4-bedroom, 3.5-bathroom townhome spans approximately 1,856
square feet across three levels, blending contemporary design with
functional layout.
The open-concept main level features a stylish kitchen with quartz countertops, stainless steel appliances, and a large center island-ideal for cooking and entertaining. Adjacent living and dining areas flow seamlessly to a private balcony, bringing in abundant natural light.
Upstairs, the primary suite includes a walk-in closet and spa-inspired bathroom with dual vanities and glass-enclosed shower. Additional bedrooms are generously sized, and a versatile lower-level bedroom with en-suite bath offers flexibility for guests, office, or gym space.
The home includes an attached 2-car garage with direct access, and is part of a well-maintained community with a low HOA covering exterior maintenance and shared amenities.
The open-concept main level features a stylish kitchen with quartz countertops, stainless steel appliances, and a large center island-ideal for cooking and entertaining. Adjacent living and dining areas flow seamlessly to a private balcony, bringing in abundant natural light.
Upstairs, the primary suite includes a walk-in closet and spa-inspired bathroom with dual vanities and glass-enclosed shower. Additional bedrooms are generously sized, and a versatile lower-level bedroom with en-suite bath offers flexibility for guests, office, or gym space.
The home includes an attached 2-car garage with direct access, and is part of a well-maintained community with a low HOA covering exterior maintenance and shared amenities.
Unit Size
1,856 Ft²
Days on Market
96 days
Land Size
1.27 acres
Price per sqft
$726
Property Type
Condo
Property Taxes
-
HOA Dues
$306
Year Built
2021
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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: 12 months ago (CRMLS #OC25182253)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 19, 2025 | Sold | ||
| Sold | |||
| Oct 22, 2025 | In contract | - | |
| In contract | |||
| Aug 27, 2025 | Price Decreased |
$1,348,000
↓ $32K
(2.3%) | |
| Price Decreased | |||
| Aug 15, 2025 | Listed by Real Broker | $1,380,000 | |
| Listed by Real Broker | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: BedroomOnMainLevel, PrimarySuite
Laundry Features: Inside
Fireplace Features: None
Exterior Details
Has Property Attached
Square Footage: 1856
Square Footage Source: $0
Year Built Source: Assessor
Year Built: 2021
Levels: Three Or More
Pool Features: None, Association
Lot Features: ZeroToOneUnitAcre
Lot Size Area: 55168
Lot Size Units: Square Feet
Lot Size Acres: 1.2665
Lot Size Square Feet: 55168
Tax Lot: 6
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Barbecue, Pool, Spa/Hot Tub
HOA Fee: $306
HOA Fee Frequency: Monthly
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/15/2025
| |
4 Bed
|
3 Bath
|
1856 ft²
|
$1,380,000
4 Bed
3 Bath
1856 ft²
|
$1,298,000
-5.94%
11/19/2025
|
Christine Li
Real Broker
|
Building Info
About Irvine Business Complex
Similar Homes for Sale
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Listed by: Christine Li, Real Broker
Last Updated: 12 months ago
Data Source: CRMLS, MLS# OC25182253
Last Updated: 12 months ago
Data Source: CRMLS, MLS# OC25182253
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