21612 Cabrosa
About This Property
The oversized primary suite features a large walk-in closet, updated bathroom, extra storage, built-in cabinets, and a private balcony that is perfect for enjoying the Saddleback Mountain view, early morning sunrises, and cool evenings. The kitchen is light and bright and opens to the extra-large family room, which boasts a cozy fireplace, French doors, and recessed lighting. The light and bright atrium is located between the family room and living room and is ready for you to install your jacuzzi or create your own cozy seating area. All baths have been updated, vinyl dual-pane windows installed, ceilings scraped, and much more.
What can I say about the recently updated exterior of this home other than it's an entertainer's dream! The block wall fencing has been raised for privacy, pavers extend throughout, there's a built-in barbeque island, and ample space for seating. The newly installed gates separating the front courtyard from the backyard can be opened to allow for an extra-large area for entertaining large groups or playing games.
This is a must-see home! Residents enjoy access to Lake Mission Viejo, offering boating, concerts, holiday events, sandy beaches, playgrounds, and more. This home is within walking distance to Crucero Park, scenic hiking trails, shopping, and more. With low HOA fees and no Mello-Roos, this property combines luxury, functionality, and charm...
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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 |
|---|---|---|---|
| Jul 9, 2025 | Sold | ||
| Sold | |||
| May 30, 2025 | In contract | - | |
| In contract | |||
| May 13, 2025 | Price Decreased |
$1,399,000
↓ $40K
(2.8%) | |
| Price Decreased | |||
| Apr 22, 2025 | Listed by HomeSmart, Evergreen Realty | $1,439,000 | |
| Listed by HomeSmart, Evergreen Realty | |||
Property Highlights
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About California Colony
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017