$1,200,000
●
Condo -
Off Market
375 Novel
Irvine, CA 92618
3 Beds
3 Baths,
1
Half Bath
1,791 Ft²
$6,378
Est. Monthly
$240
HOA / Fees
4.15%
Cap Rate
About This Property
A newer beautiful 3 bedrooms 3.5 baths corner lot home located in
the Novel Park within Great Park Community. Bright Living Room,
Beautiful Kitchen and Dinning Area with a Sliding Door to the
spacious Deck facing the Park. Master Bedroom has Luxury Bathroom
and Walk-in Closet. Two Secondary Bedrooms, all have their own Full
Bathrooms. Award winning Irvine Unified school, minutes from world
class restaurants, shopping center, water park. The community
consists of a palyground and resort-style pools. You will also be
in close proximity to exciting shopping, dining and entertainment.
5 miles to Irvine Spectrum, 12 miles to UC Irvine, South Coast
Plaza and Santa Ana Airport and 14 miles to Laguna Beach.
Unit Size
1,791 Ft²
Days on Market
53 days
Land Size
-
Price per sqft
$698
Property Type
Condo
Property Taxes
-
HOA Dues
$240
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 6 months ago (CRMLS #OC26066491)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 22, 2026 | Sold | ||
| Sold | |||
| Apr 24, 2026 | In contract | - | |
| In contract | |||
| Mar 30, 2026 | Listed by Realty One Group West | $1,250,000 | |
| Listed by Realty One Group West | |||
Property Highlights
Garage
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Attached Garage
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Walk-In Closet(s), Balcony, BedroomOnMainLevel
Laundry Features: Inside, Laundry Room, Upper Level
Fireplace Features: None
Exterior Details
Square Footage: 1791
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s), FireDetectionSystem
Property Condition: Turnkey
Architectural Style: Contemporary
Year Built Source: Builder
Year Built: 2020
Levels: Three Or More
Pool Features: Community, Association
Lot Features: NearPark, StreetLevel
Tax Lot: 10
Water Source: Public
Utilities Details
Cooling Type: Central Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Clubhouse, Sport Court, Meeting Room, Barbecue, Picnic Area, Playground, Pool, Recreation Room, Spa/Hot Tub, Trail(s), FirePit, OutdoorCookingArea
HOA Fee: $240
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/30/2026
| |
3 Bed
|
3 Bath
|
1791 ft²
|
$1,250,000
3 Bed
3 Bath
1791 ft²
|
$1,200,000
-4.00%
05/22/2026
|
Hao Zhang
Realty One Group West
|
|
11/16/2023
| |
3 Bed
|
3.5 Bath
|
1791 ft²
|
$1,200,000
3 Bed
3.5 Bath
1791 ft²
|
-
-
|
Hao Zhang
Realty One Group West
|
Building Info
About Orange County Great Park
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Listed by: Hao Zhang, Realty One Group West
Last Updated: 6 months ago
Data Source: CRMLS, MLS# OC26066491
Last Updated: 6 months ago
Data Source: CRMLS, MLS# OC26066491
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