Listed by: Janice Metzger, StarFire Real Estate Corp.
$1,008,000
●
House -
Off Market
22522 Rimini
Laguna Hills, CA 92653
3 Beds
2 Baths
1,120 Ft²
$4,901
Est. Monthly
About This Property
Just south of Irvine Spectrum at the El Toro Y sits a cozy home
waiting for it's new owner. You will enjoy sunrises over the
Saddleback Mountains, and sunset in your enclosed front yard. The
small 11 home cul-de-sac location is very private. This home offers
fresh paint inside, fresh paint outside along with completed
exterior insulation and siding.
Hardscape surrounds the entire property, with a fully enclosed front yard in addition to the fully enclosed rear and side yards. You are also able to keep tools like your lawn mower in your covered side yard area. There are numerous mature plumeria trees, and younger fully producing orange, mandarin and lemon trees.
Custom kitchen cabinetry with pull out drawers, spice racks, and drawer organizers provide plenty of storage, while the barstool height counter provides a place for guests to hang out while you're in the kitchen. There is an office off the kitchen for those needing a space away from the bedrooms for peace and quiet. Both full bathrooms have
been remodeled, and include luxury vinyl tiles (LVT flooring). The master bath includes a jetted tub.
Hardscape surrounds the entire property, with a fully enclosed front yard in addition to the fully enclosed rear and side yards. You are also able to keep tools like your lawn mower in your covered side yard area. There are numerous mature plumeria trees, and younger fully producing orange, mandarin and lemon trees.
Custom kitchen cabinetry with pull out drawers, spice racks, and drawer organizers provide plenty of storage, while the barstool height counter provides a place for guests to hang out while you're in the kitchen. There is an office off the kitchen for those needing a space away from the bedrooms for peace and quiet. Both full bathrooms have
been remodeled, and include luxury vinyl tiles (LVT flooring). The master bath includes a jetted tub.
Unit Size
1,120 Ft²
Days on Market
36 days
Land Size
0.12 acres
Price per sqft
$891
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1971
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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 #OC24242004)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 17, 2025 | Sold | ||
| Sold | |||
| Dec 29, 2024 | In contract | - | |
| In contract | |||
| Nov 30, 2024 | Listed by StarFire Real Estate Corp. | $998,000 | |
| Listed by StarFire Real Estate Corp. | |||
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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ft²
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HOA + Taxes
About North Laguna Hills
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Listed by: Janice Metzger, StarFire Real Estate Corp.
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC24242004
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC24242004
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