2262 Orchard
About This Property
Step inside to find a freshly painted interior with brand-new carpeting, a large and functional kitchen, and an open-concept living space perfect for entertaining. The home features both upper and lower-level primary suites, offering flexible living options, plus a dedicated downstairs laundry room for added convenience.
Recent improvements include new hardscaping, a paid-off solar system for energy efficiency, and all appliances included, making this home truly move-in ready.
Enjoy a generously sized backyard and a spacious side yard with gated access, perfect for accommodating your RV, boat, or other recreational toys.
Located in the desirable Santa Ana Heights neighborhood of Newport Beach, this home offers easy access to Back Bay trails, award-winning schools, world-class shopping, and the beach-all just minutes away.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 30, 2026 | Sold | ||
| Sold | |||
| Mar 7, 2026 | In contract | - | |
| In contract | |||
| Oct 7, 2025 | Listed by Arbor Real Estate | $2,400,000 | |
| Listed by Arbor Real Estate | |||
| Aug 16, 2025 | Price Decreased |
$2,450,000
↓ $50K
(2%) | |
| Price Decreased | |||
| Jul 25, 2025 | Relisted | $2,500,000 | |
| Relisted | |||
Property Highlights
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About Newport Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017