1940 Vitae Place
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 |
|---|---|---|---|
| Sep 6, 2024 | Sold | ||
| Sold | |||
| Aug 16, 2024 | In contract | - | |
| In contract | |||
| Aug 4, 2024 | Listed by Coldwell Banker Platinum Prop | $1,195,888 | |
| Listed by Coldwell Banker Platinum Prop | |||
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This beautiful detached tri-level single-family residence is located in the heart of Costa Mesa and was built by Planet Home Living in 2018. Do you prefer a cool ocean breeze and would you like to live minutes from the sandy beaches in Newport Beach? If yes, this is the home for you! Freshly painted, this Highly modernized home is an entertainer's dream and is an ode to Scandinavian design with its open floorplan, floating cabinetry, smooth drywall, 10-foot ceilings and clean, epoxied garage floors and modern lines. Walls of glass that feature aluminum windows and Sliders help bring the outside in for the ultimate Orange County lifestyle. This beautiful home features numerous upgrades including designer-selected flooring, cabinets, countertops and Kitchen-Aid appliances. It features tech-savvy systems like a RING video doorbell, a KEVO keyless entry, a tankless water heater, and a NEST thermostat. Have an electric vehicle? This home is pre-wired to accommodate a charging station! The community(Vitae) boasts a desirable walking score of 87, less than a four minute walk to to the Triangle, 24 Hour Fitness, Social Bar, various Restaurants, Shops, and Movie theatres. This development is the proud Winner of the Art of So Cal award for "Best Architectural Design in 2018" and "Best Unique Residential Detached Housing."
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| Jan 5, 2018 | Sold | ||
| Sold | |||
| Sep 29, 2017 | Listed by Villa Real Estate | $797,900 | |
| Listed by Villa Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017