Listed by: Alexander Yu, First Team Real Estate
$1,980,000
●
House -
Off Market
18671 Paseo Cortez
Irvine, CA 92603
3 Beds
2 Baths
1,740 Ft²
$9,018
Est. Monthly
$180
HOA / Fees
3.05%
Cap Rate
About This Property
For the first time in over 50 years, 18671 Paseo Cortez is now
available-a truly rare opportunity to own a home in one of Irvine's
most coveted locations. This 1,740 square foot single-level home
was a builder's first pick in the community, positioned at its very
center for an unparalleled privacy.
What sets this property apart? No neighbors to the right, direct access to Paseo Park, and a uniquely private setting. Whether you're enjoying a morning coffee with park views or taking a peaceful evening stroll, this location offers a lifestyle few homes can match.
Inside, the home has been thoughtfully updated with newer windows and doors throughout, ensuring natural light floods every space. The open-concept kitchen features a large quartz island, perfect for entertaining, while the renovated bathrooms add a touch of modern luxury. An attached two-car garage provides convenience and ample storage.
Homes in this location are incredibly rare-don't miss your chance to own a piece of history in this sought-after Campus View neighborhood.
What sets this property apart? No neighbors to the right, direct access to Paseo Park, and a uniquely private setting. Whether you're enjoying a morning coffee with park views or taking a peaceful evening stroll, this location offers a lifestyle few homes can match.
Inside, the home has been thoughtfully updated with newer windows and doors throughout, ensuring natural light floods every space. The open-concept kitchen features a large quartz island, perfect for entertaining, while the renovated bathrooms add a touch of modern luxury. An attached two-car garage provides convenience and ample storage.
Homes in this location are incredibly rare-don't miss your chance to own a piece of history in this sought-after Campus View neighborhood.
Unit Size
1,740 Ft²
Days on Market
30 days
Land Size
0.10 acres
Price per sqft
$1,034
Property Type
House
Property Taxes
-
HOA Dues
$180
Year Built
1973
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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 #OC25050771)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 9, 2025 | Sold | ||
| Sold | |||
| Feb 20, 2025 | Listed by First Team Real Estate | $1,799,900 | |
| Listed by First Team Real Estate | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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ft²
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HOA + Taxes
About Turtle Rock
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Listed by: Alexander Yu, First Team Real Estate
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC25050771
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC25050771
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