2362 Cornell Drive
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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 |
|---|---|---|---|
| Jun 2, 2026 | Sold | ||
| Sold | |||
| May 18, 2026 | In contract | - | |
| In contract | |||
| May 16, 2026 | No longer available | - | |
| No longer available | |||
| May 3, 2026 | Listed by Marterra Real Estate | $1,749,000 | |
| Listed by Marterra Real Estate | |||
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Set along a peaceful interior stretch of College Park-one of Costa Mesa’s most in-demand neighborhoods-2362 Cornell has that low-key, in-the-know vibe people are always chasing. This single story, four bedroom home keeps things easy and intentional, with a layout that just makes sense (no stairs, no wasted space, no drama). Out front, a gated driveway opens to an oversized yard that feels more like a blank canvas: room to host, lounge, garden, or let the kids run without feeling boxed in. Inside, the home has been thoughtfully dialed in with a new electrical panel and new HVAC and ducting, so the behind-the-scenes essentials are already handled. Out back, a new patio cover with built-in lights and fans sets the tone for long evenings outside—whether it’s dinner with friends or a solo wind-down moment after a beach day. And speaking of flexibility, the finished shed adds that extra layer of function: perfect for a home office, creative studio, or your own little escape from the main house. Location wise, you’re right where you want to be. Cruise the nearby bike paths straight to the coast, about 3 miles to the beach, or keep things local with some of Costa Mesa’s best coffee spots, breweries, and low-key food gems just minutes away. College Park is buzzing, and this home sits right in that sweet spot: quiet, connected, and effortlessly cool.
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| Mar 3, 2020 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017