33942 Silver Lantern
About This Property
offers a light and airy ambiance. Indoor/outdoor living is generously accommodated with a spacious
homesite of nearly 4,000 square feet that reveals a private front terrace over a two-car garage, and a large
backyard with two patios and lifelike turf. A gorgeous shade tree enhances the space, which also includes a
detached 120-square-foot unit that makes a great studio or office. Featuring two bedrooms and one bath in
an open and bright single-level floorplan, the main house was built in 1946 and is bathed in natural light.
Enjoy a living room with wood-burning brick fireplace, and a dining room that opens to the backyard via two
French doors. Gather with friends for mealtime prep in a fully appointed kitchen with updated quartz
countertops, stainless steel appliances, and a convenient pass-thru to the dining room. New interior and
exterior paint complements the home, and white paneled walls, wainscoting, and white oak-style luxury vinyl
plank flooring are featured. Further enrichments include indoor laundry, a new water heater, new 200-amp
electrical panel, and PEX piping. Approximately one mile from Dana Point Harbor, where an extensive
revitalization is currently underway, this turnkey cottage is just a short stroll to the Lantern Bay District where you will find a variety of shops and restaurants. The coastal lifestyle you desire has arrived, and it's more attainable than you ever dreamed.
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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 |
|---|---|---|---|
| Feb 24, 2025 | Sold | ||
| Sold | |||
| Oct 25, 2024 | Listed by Livel Real Estate | $1,349,995 | |
| Listed by Livel Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017