321 W Hermosa Drive
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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 |
|---|---|---|---|
| Jul 17, 2025 | Sold | ||
| Sold | |||
| Jun 25, 2025 | In contract | - | |
| In contract | |||
| May 1, 2025 | Listed by Circa Properties, Inc. | $2,500,000 | |
| Listed by Circa Properties, Inc. | |||
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Nearly every inch of this Sunny Hills Estate home near LAGUNA LAKE has been reimagined—gutted and rebuilt with quality craftsmanship and modern amenities. New plumbing, fixtures, windows, flooring (carpet in select areas), and cabinetry complement the upgraded appliances, including a gas cooktop, built-in double oven with microwave combo, dishwasher, and range hood.
The outdoor space is a private oasis featuring a saltwater pool and spa, extensive hardscaping, artificial turf near the pool, and new drainage systems throughout. The landscaping is both striking and sustainable, with accent lighting, David Austin roses, drought-tolerant plants, a vegetable garden, and a wide variety of mature fruit trees including avocado, pomegranate, fig, peach, lime, and more.
Enjoy a brand-new multi-use sports court ideal for pickleball, basketball, or volleyball. Other recent upgrades include new concrete steps, a custom gravel fire pit area, and thoughtfully designed zones throughout the large backyard—perfect for entertaining, play, gardening, or even an ADU.
Additional features:
Two fireplaces with vented heat circulation, master suite with private sliding door to pool/spa, and a spa-like bath with step-down shower/tub and privacy-glass windows, spacious carport (RV-ready or workshop potential) and garages with upgraded, quiet openers, separate garden and chicken coop area, private cul-de-sac location across from scenic Laguna Lake, floor plan with the primary suite on one side and secondary bedrooms on the other, oversized laundry room with built-in desk for a mini office, ample storage throughout the home, garage, and carport.
This home offers the perfect blend of comfort, function, and outdoor living in one of the area’s most desirable, quiet enclaves.
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| Nov 8, 2019 | Sold | ||
| Sold | |||
| Aug 30, 2019 | Listed by Coldwell Banker Coastal Alliance | $1,199,400 | |
| Listed by Coldwell Banker Coastal Alliance | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017