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229 Dewdrop
About This Property
Zoned for top-rated Irvine Unified schools, with Alderwood Elementary within walking distance. The Quail Hill Shopping Center is minutes away with grocery, dining, and everyday essentials. The location is unbeatable - quick access to the 405, 5, and 133 freeways, just 7 miles from Laguna Beach with coastal breezes year-round, minutes from John Wayne Airport, and a short drive to Fashion Island, South Coast Plaza, and Irvine Spectrum for world-class shopping, dining, and entertainment. Whether you're chasing sunrise hikes, poolside afternoons, or coastal drives, 229 Dewdrop puts the best of Quail Hill - and Orange County - right at your doorstep Welcome home!
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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 30, 2026 | Listed by Coldwell Banker Realty | $1,059,000 | |
| Listed by Coldwell Banker Realty | |||
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| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
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Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017