Listed by: Bob Knapp, Torelli Realty
$2,265,000
●
House -
Off Market
1901 Lanai Drive
Costa Mesa, CA 92626
4 Beds
3 Baths
2,577 Ft²
$11,043
Est. Monthly
About This Property
Come discover this stunning home, 1901 Lanai Drive has been
lovingly maintained by one family since 1967. Situated next to the
prestigious Mesa Verde Country Club, this move-in-ready home is
perfect for creating new memories with loved ones. The expansive
backyard offers endless possibilities for crafting a unique outdoor
retreat or entertainment space. Over the past four years, the home
has undergone extensive upgrades and remodeling, ensuring modern
comfort and updated style. Featuring 4 bedrooms, 3 bathrooms, a
spacious kitchen, dining room, living room, and family room, this
home has the space you have been looking for. The attached
two-car garage has also been recently updated with drywall, paint
and new epoxy flooring. Come explore this exceptional Mesa Verde
home and everything else this incredible community has to offer.
Unit Size
2,577 Ft²
Days on Market
20 days
Land Size
0.18 acres
Price per sqft
$873
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1967
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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 #PW25053519)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 17, 2025 | Sold | ||
| Sold | |||
| Jan 10, 2025 | Listed by Torelli Realty | $2,249,000 | |
| Listed by Torelli Realty | |||
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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Status
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Type
Beds
Baths
ft²
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Closing Price
Sold On
Sold On
HOA + Taxes
About Costa Mesa
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Listed by: Bob Knapp, Torelli Realty
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PW25053519
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PW25053519
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