Listed by: Ramesh Gattu, Realty Masters & Associates
$1,450,400
↑ $75K (5.1%)
●
Condo -
Off Market
38 Latitude
Irvine, CA 92618
3 Beds
3 Baths,
1
Half Bath
1,906 Ft²
$7,787
Est. Monthly
$298
HOA / Fees
3.35%
Cap Rate
About This Property
HIGHLY UPGRADED DETACHED HOME W/COZY SIZE OF BACKYARD***QUIET
INSIDE LOCATION WITH FEW STEPS TO THE COMMUNITY PARK***POPULAR PLAN
2 OF PRIMROSE, BRIGHT & OPEN LAYOUT W/LOTS OF NATURAL LIGHTS IN
PORTOLA SPRINGS COMMUNITY***SHORT WALKING DISTANCE TO THE TOP
RANKING ELEMENTARY SCHOOL***MANY TASTEFUL UPGRADES HERE AND
THERE***FEATURES 3 BED+LARGE LOFT+2.5 BATH, 2 CAR OVER-SIZED(484
SF) GARAGE W/1,906 SF OF LIVING SPACE WHICH FEELS MUCH
BIGGER***BEAUTIFUL HARDWOOD FLOOR DOWNSTAIRS & RECESSED LIGHTS,
CUSTOM LIGHT FIXTURES, PLANTATION SHUTTERS & CUSTOM DRAPES***FORMAL
ENTRY***WIDE OPEN FLOORPLAN AND LARGE LIVING ROOM***GOURMET KITCHEN
W/ MAPLE CABINETS, BIG CENTER ISLAND W/BREAKFAST NOOK BAR, SS
APPLIANCES, QUARTZ COUNTER TOP W/MOSAIC TILE FULL BACKSPLASH &
WALK-IN PANTRY***SPACIOUS DINING AREA W/ SLIDING GLASS DOOR LEADING
TO SIDE YARD***SPACIOUS MASTER BEDROOM W/LARGE WALK-IN
CLOSET***CONVENIENT LAUNDRY ROOM ON BEDROOM LEVEL***LARGE LOFT IS
PERFECT FOR MULTI-PURPOSE***CLOSE TO POOL & SPA , TENNIS COURTS,
HIKING TRAILS, PARK.
Unit Size
1,906 Ft²
Days on Market
130 days
Land Size
-
Price per sqft
$800
Property Type
Condo
Property Taxes
-
HOA Dues
$298
Year Built
2012
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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: 2 years ago (CRMLS #PW24241877)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 11, 2025 | Price Increased |
$1,525,000
↑ $75K
(5.1%) | |
| Price Increased | |||
| Apr 10, 2025 | Sold | ||
| Sold | |||
| Jan 8, 2025 | No longer available | - | |
| No longer available | |||
| Nov 18, 2024 | Listed by Realty Masters & Associates | $1,550,000 | |
| Listed by Realty Masters & Associates | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Parking Features: Direct Access, Garage
Garage Spaces: 2
Garage Spaces: 2
Has Attached Garage: Yes
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 3
Full Bathrooms: 2
Half Bathrooms: 1
Bathrooms on Main Level: 1
Levels: Two
Interior Features: Granite Counters, High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Wired For Data, All Bedrooms Up, Loft, Walk In Pantry, Walk In Closets
Appliances: Built In Range, Convection Oven, Dishwasher, Gas Oven, Microwave, Tankless Water Heater, Vented Exhaust Fan, Dryer, Washer
Flooring Type: Carpet, Tile, Wood
Living Area Square Feet Source: Assessor
None
Exterior Details
Property Condition: Turnkey
Year Built: 2012
Parcel Number: 93805683
Home Type: Residential
Structure Type: House
Roof: Concrete, FireProof
Window Features: Double Pane Windows
Outdoor Living Structures: None
Spa Features: Association
Pool Features: Association
Lot Information: Back Yard, Corner Lot, Landscaped, Street Level
Elevation Units: Feet
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Utilities: Underground Utilities
Location Details
Association Amenities: Pool
Association Fee: $183
Association Fee Frequency: Monthly
Association Fee2: $115
Association Fee2 Frequency: Monthly
Community Features: Park
Security Features: Carbon Monoxide Detectors, Smoke Detectors
Subdivision: Primrose (PRIM)
Elementary School: Portola
Middle or Junior School: Jeffery Trail
High School: Portola
High School District: Irvine Unified
Subdivision Name: Primrose (PRIM)
Directions: Going east on Irvine Blvd***Left turn on Ridge Valley***Right turn on Cienega***Right turn on Silverado***Left turn on Pathway***Right turn on Latitude***
Other Details
Listing Terms: Cash, CashToExistingLoan, CashToNewLoan
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 |
|---|---|---|---|---|---|---|---|
|
11/18/2024
| |
3 Bed
|
3 Bath
|
1906 ft²
|
$1,550,000
3 Bed
3 Bath
1906 ft²
|
$1,450,400
-6.43%
04/10/2025
|
Ramesh Gattu
Realty Masters & Associates
|
|
10/04/2022
| |
3 Bed
|
2.5 Bath
|
1906 ft²
|
$1,149,880
3 Bed
2.5 Bath
1906 ft²
|
-
-
|
Jessica Hong
T.N.G. Real Estate Consultants
|
Building Info
About Portola Springs
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Listed by: Ramesh Gattu, Realty Masters & Associates
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PW24241877
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PW24241877
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