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 | |||
| | |||
|
LARGEST SINGLE-STORY GROUND-LEVEL TOWNHOME IN COMMUNITY, NO ONE ABOVE OR BELOW ON CORNER LOT ACROSS FROM POOL AND SPA WITH ONLY ONE ATTACHED WALL AND HIGHLY DESIRABLE DIRECT-ACCESS 2-CAR GARAGE WITH STORAGE. Views of greenery from all windows. Open floor plan, cathedral ceilings and many large windows bring in lots of natural light. Living room with upgraded stone fireplace is open to dining room and open to beautifully remodeled kitchen with breakfast bar, recessed lighting, granite countertops, stainless steel appliances, and food pantry. Kitchen and living room windows and sliding glass door open to large private front patio with landscaping, decking, patio cover, block walls and gate, where you can relax and barbeque. Luxurious engineered wood flooring throughout with Travertine tile flooring in the bathrooms. Large primary bedroom with expansive windows on side of home has its own private full bathroom including vanity area, linen closet and separate shower with privacy door. Down the hall is a second full bathroom with walk-in shower, and a second spacious bedroom with recessed lighting and windows to the front. Newer Central A/C, dual-pane windows, newer water heater and smooth ceilings. Acclaimed Irvine School District, including University High. Next to San Joaquin Golf Course, Racquet Club of Irvine and Rancho Senior Center. Conveniently located near UCI, William Mason Park, John Wayne Airport, Newport Beach, Fashion Island and walking distance to shops and entertainment. Water, trash, exterior maintenance included in HOA dues. A remarkable opportunity!
| |||
| Jul 31, 2020 | Sold | ||
| Sold | |||
| Jul 20, 2020 | Listed by Berkshire Hathaway HomeService | $710,000 | |
| Listed by Berkshire Hathaway HomeService | |||
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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Address: 335 Madison Avenue, New York, NY 10017