Look no further, come see this great starter home in The Springs, a
beautiful community in the sought-after Northwood neighborhood,
minutes from everything. This one bedroom one bath ground floor,
single level condo is fantastically located near the pool and spa.
Featuring 630 SF and a nice floor plan---the living room at the
entry leads to the kitchen with white cabinets, electric stove,
built-in microwave, and a garden window above a double sink. The
kitchen faucets and disposals were replaced in 2022, and a New
wall-mount A/C was installed in 2023. Step out to your outdoor
patio where sunshine, fresh air, morning coffee, and the
soothing sounds of the water is enjoyed. The en-suite full bath has
mirrored closets, a wide vanity area to store all your bath
essentials, and shower in tub. Only FIVE MINUTES to COSTCO/The
Marketplace, and ACROSS THE STREET from Northwood Town Center
anchored by Zion Market. One deeded covered parking w/ storage as
well as easy street parking. You will love the serene ambiance of
this community adorned with mature trees and the calming sights and
sounds of waterfalls and meandering brooks. There is NO MELLO ROOS,
and the LOW HOA dues even INCLUDES WATER, TRASH, fire insurance,
and HOA is responsible for the water heater- one less thing to
manage! HOA amenities include two pools, spa, three tennis courts,
a community room by the pool you can rent for parties, an on-site
laundry facility, and EV CHARGING STATIONS at the entrance. Short
drive to UCI, John Wayne Airport, Irvine Spectrum, The District,
Diamond Jamboree, and to major freeways (5, 261, 133). Esteemed
Irvine Unified School District upholds property value, there's also
public transportation on Irvine Blvd. and Trails nearby. This
residence offers not just a home, but a lifestyle of comfort and
convenience. Easy to rent out. Some photos edited to show examples*
Shown by Appointment Only. (Tue/Sun between 10:00am -3:00 pm)
Unit Size
639 Ft²
Days on Market
93 days
Land Size
-
Price per sqft
$782
Property Type
Condo
Property Taxes
-
HOA Dues
$350
Year Built
-
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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.
Interior Features: Laminate Counters, All Bedrooms Down, Bedroomon Main Level, Main Level Primary
Appliances: Dishwasher, Electric Cooktop, Exhaust Fan, Electric Oven, Electric Range, Microwave, Range Hood, Water Heater
Flooring Type: Carpet
Living Area Square Feet Source: PublicRecords
Doors: Mirrored Closet Doors, Sliding Doors
Laundry Features: Common Area
None
Exterior Details
Road Frontage Type: CityStreet
Year Built: 1977
Parcel Number: 93553111
Waterfront Features: Stream
Home Type: Residential
Structure Type: Quadruplex
Foundation Details: Slab
Roof: Tile
Window Features: Blinds
Construction Materials: Drywall, Wood Siding
Pool Features: Community, Association
Lot Size Source: Assessor
Elevation Units: Feet
Utilities Details
Cooling Type: Wall Window Units
Heating Type: Natural Gas
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Location Details
Association Amenities: Clubhouse, Maintenance Grounds, Insurance, Other, Pool, Pets Allowed, Spa Hot Tub, Tennis Courts, Trash, Water
Association Fee: $350
Association Fee Frequency: Monthly
Community Features: Park, Street Lights, Sidewalks, Pool
Subdivision: Irvine Springs (IS)
Elementary School: Santiago
Middle or Junior School: Siera Vista
High School: Northwood
High School District: Irvine Unified
Subdivision Name: Irvine Springs (IS)
Directions: Irvine Blvd to Yale, Right on Park Place. Turn Right on Springview in the Springs. Second building on the left when you enter the community.
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