2401 Tustin Avenue
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 |
|---|---|---|---|
| Mar 21, 2025 | Sold | ||
| Sold | |||
| Dec 12, 2024 | Listed by Kase Real Estate | $2,995,000 | |
| Listed by Kase Real Estate | |||
| Nov 11, 2020 | No longer available | - | |
| No longer available | |||
| Oct 9, 2020 | Price Decreased |
$2,398,000
↓ $100K
(4%) | |
| Price Decreased | |||
| Sep 8, 2020 | Listed | $2,498,000 | |
| Listed | |||
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This newly remodeled modern farmhouse epitomizes Southern California’s indoor-outdoor lifestyle. Ideally situated on one of the city’s rare single-loaded streets, this Eastside Costa Mesa gem is only one block from the Back Bay trails. This show-stopping home has French white oak floors throughout and consists of four bedrooms, three bathrooms, a California room, and a detached loft. The beautiful California room with vaulted ceilings and bi-folding glass doors open to the backyard, which offers a large outdoor sitting area around a gas fire pit and an outdoor kitchen. Discover exquisite craftsmanship throughout the home featuring shiplap, wainscoting, and custom built-ins, including a breakfast nook off the kitchen, which is adorned with a Carrara marble backsplash, stainless steel appliances, and black granite countertops. The outdoor lifestyle continues with a built-in bocce ball court on the side yard. In addition, the approx. 450 square foot loft over the detached garage offers hardwood floors and air conditioning; currently configured as a rec room with a golf simulator, it would also make a wonderful home office or playroom. Live the California dream in this neighborhood near the beach, the Back Bay, and all the 17th street shops & restaurants. The manager has listed the unit size as 3054 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017