23 Morena #32
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| Aug 13, 2025 | Sold | ||
| Sold | |||
| Aug 1, 2025 | In contract | - | |
| In contract | |||
| Jun 21, 2025 | Listed by Realty One Group West | $1,175,000 | |
| Listed by Realty One Group West | |||
| Jul 31, 2020 | Sold | ||
| Sold | |||
| Jul 20, 2020 | Listed by Berkshire Hathaway HomeService | $710,000 | |
| Listed by Berkshire Hathaway HomeService | |||
| | |||
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Nestled in the interior of the Rancho San Joaquin Villas you will find this charming single-level home. Located on the corner, directly across from the community pool and literally steps away from the Rancho San Joaquin Golf Clubhouse, the Rancho Senior Center, the Racquet Club of Irvine, and of course the William R Mason Regional Park. Natural light floods the open floorplan in this 2-bedroom, 2-bathroom, SINGLE LEVEL home. Enjoy our beautiful California weather in the lush outdoor covered patio space. Recently beautifully remodelled with contemporary finishes, a new casted concrete fireplace mantle and hearth and hardwood flooring. One unique feature is the 2-car attached garage, most are not attached, which offers plenty of storage space and ease of access. This home is located in the Irvine Unified School District offering some of the best Blue Ribbon schools around, like University High School. Don't let this one getaway!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/21/2025
|
2 Bed
|
2 Bath
|
1297 ft²
|
$1,175,000
2 Bed
2 Bath
1297 ft²
|
$1,233,750
+5.00%
08/13/2025
|
Thomas Grimes
Realty One Group West
| |
|
07/20/2020
|
2 Bed
|
2 Bath
|
1282 ft²
|
$710,000
2 Bed
2 Bath
1282 ft²
|
$710,000
07/31/2020
|
Aaron Valenty
Berkshire Hathaway HomeService
|
Building Info
About Rancho San Joaquin
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