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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 17, 2026 | Listed by Seven Gables Real Estate | $3,800,000 | |
| Listed by Seven Gables Real Estate | |||
| Jun 16, 2026 | Sold | ||
| Sold | |||
| Jun 10, 2026 | In contract | - | |
| In contract | |||
| May 21, 2026 | Listed by Douglas Elliman Of California | $2,295,000 | |
| Listed by Douglas Elliman Of California | |||
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Located within the highly sought after guard gated community of Jasmine Creek, this beautifully maintained single level residence offers an exceptional blend of comfort, privacy, and coastal living in the heart of Corona del Mar. Originally designed as a two bedroom, two bath home, the spacious den has been thoughtfully converted into a third bedroom, providing flexibility for guests, a home office, or growing households. The space can easily be restored to its original configuration if desired. Encompassing approximately 1,900 square feet, the home features soaring ceilings, abundant natural light, fresh interior paint, and updated luxury vinyl plank flooring throughout. Ideally positioned overlooking one of the largest greenbelts in the community, the residence enjoys expansive greenbelt views and a peek-a-boo ocean view from the elevated rear patio.
Perfect for entertaining or relaxing, the inviting outdoor space offers a peaceful setting to enjoy the coastal breeze and picturesque surroundings. A private entry, lush landscaping, and meticulous upkeep throughout reflect true pride of ownership. Additional highlights include tasteful updates and a custom attic storage area with pull down ladder access in the garage. Offering resort style amenities and an unbeatable Corona del Mar location, this rare single level opportunity combines timeless appeal, versatile living spaces, and an exceptional lifestyle within one of the area’s most desirable communities.
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About Corona del Mar
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017