2333 Rutgers
About This Property
Unlock the potential of this 4 bedroom, 3 bathroom home offering 1,839 square feet of living space on a generous 7,350 square foot lot in the highly sought-after College Park neighborhood. Built in 1957, this property presents a rare opportunity for investors to restore and reimagine a classic home from the mid-century modern era.
With its spacious footprint and versatile layout, this property is ideal for a fix-and-flip project, renovation to create your dream mid-century residence, or a strong buy-and-hold investment in a prime coastal Orange County location.
Situated just minutes from Newport Beach, Orange Coast College, and the OC Fair & Event Center, the location offers exceptional rental demand and long-term appreciation potential. The large lot provides ample room for outdoor living, expansion possibilities, or modern landscaping to complement the home's architectural roots.
Opportunities like this in College Park are increasingly rare. Bring your contractor and vision to restore this classic 1950s home to its former mid-century charm.
Cash offers only. Property to be sold as-is (home will NOT be cleared of furnishings trash, debris at close of Escrow)
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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 |
|---|---|---|---|
| Mar 26, 2026 | Sold | ||
| Sold | |||
| Mar 20, 2026 | In contract | - | |
| In contract | |||
| Mar 12, 2026 | Listed by Brick & Co Real Estate | $999,999 | |
| Listed by Brick & Co Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017