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3249 Michigan Avenue
About This Property
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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%.
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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.
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 22, 2025 | Sold | ||
| Sold | |||
| Aug 23, 2025 | In contract | - | |
| In contract | |||
| Aug 14, 2025 | Listed by Seven Gables Real Estate | $1,575,000 | |
| Listed by Seven Gables Real Estate | |||
| | |||
|
Welcome to 3249 Michigan Avenue, a stunning single-story residence located in the
highly desirable State Streets neighborhood of Costa Mesa. This fully remodeled
home offers a perfect blend of style, comfort, and functionality, with thoughtful
upgrades throughout that make it truly move-in ready.
Inside, you’ll find an open-concept layout centered around a dramatic dual-sided
fireplace, creating a warm and inviting atmosphere that connects the kitchen, dining,
and living areas. The kitchen has been completely transformed with custom real walnut
hardwood cabinets, granite countertops, "Cafe series matte white" appliances, and a large
center island designed for both casual dining and entertaining. Porcelain tile floors throughout enhances the home's natural flow.
Each of the three bedrooms includes custom window coverings, new carpet, ceiling
fans, and dual-pane vinyl windows that bring in plenty of natural light. The
bathrooms have been tastefully updated with modern vanities, fixtures, and tiled
showers, offering both comfort and sophistication.
The home’s exterior has been freshly painted, and the backyard is an entertainer’s
dream, featuring a spacious covered patio and a built-in outdoor BBQ area that’s perfect for
hosting family and friends. A new roof was installed within the last three years, and
the fully paid-off solar panel system (includes battery) provides significant energy efficiency and
long-term savings.
Additional highlights include central heating and air conditioning, a two-car
attached garage, and mature landscaping that frames the home beautifully. Located
near local parks, shops, and highly rated Newport-Mesa schools, this home offers the
best of Southern California living in a quiet, established community.
3249 Michigan Avenue is a rare opportunity to own a thoughtfully upgraded home
in one of Costa Mesa’s most sought-after neighborhoods
| |||
| May 8, 2013 | Sold | ||
| Sold | |||
| Mar 20, 2013 | Listed by Coldwell Banker Beachside | $659,000 | |
| Listed by Coldwell Banker Beachside | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017