3274 Washington Avenue
About This Property
providing ample space for comfortable living. Upon entering, you are greeted by an inviting living space that seamlessly flows into the dining area. The open design ensures a bright and airy atmosphere, perfect for both relaxing and entertaining. The kitchen, a true highlight of the home, features white oak cabinets, a large island, and modern appliances, making it an entertainer's dream. The vaulted ceilings enhance the feeling of space and light, creating an inviting ambiance throughout the home. Each bedroom is generously sized, offering comfort and privacy for all family members or guests. The large master suite is a sanctuary, featuring a spacious master bath, private toilet room, and a walk-in closet, ensuring a blend of functionality and style. The exterior of the property is equally impressive, sitting on a substantial near 8,000 square foot corner lot that provides plenty of outdoor space. The beautifully landscaped yard offers a serene environment, perfect for outdoor gatherings or simply unwinding after a long day. Whether you envision barbecues in the backyard or quiet mornings with coffee on the deck, this backyard is a true extension of the living space. This home is conveniently located near some of Costa Mesa's best dining options, shopping centers, and entertainment venues. The friendly neighborhood is known for a community feel, numerous community events, local parks, tree-lined streets, and Mesa Verde Country Club, making this house an ideal location for families.
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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 |
|---|---|---|---|
| Aug 16, 2024 | Sold | ||
| Sold | |||
| Aug 8, 2024 | In contract | - | |
| In contract | |||
| Jun 18, 2024 | Listed by The L3 | $1,599,999 | |
| Listed by The L3 | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017