37 Festivo
About This Property
Step inside to soaring ceilings, dramatic walls of windows, abundant natural light, and new wide-plank flooring throughout. The home has been thoughtfully upgraded from top to bottom, including a beautifully remodeled kitchen with modern cabinetry, elegant countertops, upgraded appliances and dual refrigerators. The redesigned family room features a striking floor-to-ceiling fireplace, custom wood detailing, and a built-in beverage area.
All bathrooms have been newly remodeled with contemporary finishes. The spacious primary suite features a spa-inspired bath with dual vanities, an oversized glass-enclosed shower, and a freestanding soaking tub. A desirable first-floor bedroom and full bathroom provide excellent flexibility for guests, a home office, or multi-generational living.
Outside, the approximately 7,000 sq. ft. lot offers exceptional privacy with a swimming pool and spa, generous entertaining space, and plenty of room for BBQs, basketball, play, and family gatherings.
Ideally located in the heart of Irvine, with convenient access to I-405, I-5 and SR-55, approximately 10 minutes from John Wayne Airport, and close to shopping, dining, parks, schools and Irvine's major business centers.
Private cul-de-sac. Large lot. Pool & spa. Extensively upgraded. An exceptional opportunity in the heart of Westpark.
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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 |
|---|---|---|---|
| Oct 16, 2026 | In contract | - | |
| In contract | |||
| Aug 19, 2026 | Listed by Wetrust Realty | $2,468,000 | |
| Listed by Wetrust Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017