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2608 Fairway
About This Property
The kitchen is outfitted with premium appointments, ideal for both daily living and entertaining. Each bathroom reflects the same level of care, with designer finishes throughout. No detail was overlooked in this transformation. Set on a generously sized lot, a rare offering for this pocket of the Eastside. The property provides ample outdoor space to enjoy, along with a detached ADU suited for guests, a home office, extended family, or rental income. The location offers exceptional convenience, with easy access to the 55 and 405 freeways, John Wayne Airport, the Back Bay, and the shops and restaurants of 17th Street, all just minutes away, with the coast close enough to feel like part of everyday life. Turn-key homes of this caliber, on a street like this, rarely come available. This is a rare opportunity to own one.
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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 |
|---|---|---|---|
| Sep 30, 2026 | Sold | ||
| Sold | |||
| Sep 10, 2026 | In contract | - | |
| In contract | |||
| Jul 27, 2026 | Listed by Douglas Elliman of California Inc. | $2,995,000 | |
| Listed by Douglas Elliman of California Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017