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23 Optima
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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%.
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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 |
|---|---|---|---|
| Oct 20, 2026 | Price Decreased |
$1,215,000
↓ $35K
(2.8%) | |
| Price Decreased | |||
| Oct 8, 2026 | Listed by HomeSmart Realty West | $1,250,000 | |
| Listed by HomeSmart Realty West | |||
| Jun 2, 2024 | No longer available | - | |
| No longer available | |||
| May 9, 2024 | In contract | - | |
| In contract | |||
| Apr 17, 2024 | Listed by Redfin Corporation | $1,199,000 | |
| Listed by Redfin Corporation | |||
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Wonderful single-family, single-story residence nestled on a corner lot within the idyllic Ocean View community of Rancho San Clemente. Great room concept with vaulted ceilings, fireplace with gas hookup and ample windows providing lots of light. Large kitchen with breakfast nook, white quartz counters, stainless steel appliances including a wine refrigerator and apron front sink. Sliding doors from the family room allow easy access to the rear yard with overhead cafe lighting perfect for al fresco dining. Fantastic owner's suite, also with vaulted ceilings and sliding patio doors, dual vanities and walk-in rain shower. Large secondary bedroom overlooks the front courtyard along with a second full bathroom with tub and frameless tub doors. Additional upgrades include but not limited to surround sound system throughout, custom window coverings, security system, recess lighting, ceiling fans, smart locks, dutch door. Fully finished garage with epoxy flooring, custom cabinetry, recess lights and a 240-volt outlet ready for a car charger. Enjoy this beautiful home along with everything the community has to offer with a prime location close to beaches, hiking trails, the shops and dining in San Clemente, ocean-view parks, easy freeway access, Low HOA dues and no mello roos. The manager has listed the unit size as 1206 square feet.
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About Rancho San Clemente
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017