40 Corniche Drive #C
About This Property
The manager has listed the unit size as 735 square feet.
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Cap Rate Calculator
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 7, 2025 | Sold | ||
| Sold | |||
| Dec 17, 2024 | Listed | $725,000 | |
| Listed | |||
| | |||
|
Amazing Monarch Hills Condo in the "walk to the beach" close community of Ritz Pointe. Panoramic ocean views and cooling onshore breezes will enlighten your senses as you walk up to the front door of your new home. #40 is one of the best buildings in this 24hr guard gated community and you know what they say about location! You will enjoy this completely remodeled ground floor unit with no steps and monochromatic vibe. Bright natural lighting, fresh paint, blinds, base, luxury vinyl plank flooring, quartz countertops, subway backsplash, stacked rock fireplace, new fixtures, pulls and knobs, LED lighting, stunning shower with barn door, fresh stainless-steel appliances! Conveniently, located next to ocean view HOA jacuzzi and portico. Abundant parking and convenient storage for your all your toys steps from your entryway. Washer, Dryer included, and all furniture is negotiable. Walking distance to award winning John Malcolm Elementary and all Association amenities: Pool & three spas, Clubhouse, game room, ocean view grass area for picnics, gatherings, and July 4th firework celebrations. Salt Creek Corridor, Laguna Niguel Regional Park/Trail and Arroyo Salado Sanctuary provide easy access to world class beaches, parks, surfing, hiking, biking, Salt Creek beach and The Strand as well as Ritz Carlton and Waldorf Astoria Resorts. Boating, golf, shopping, fishing, coffee, dining, fitness, grocery, and luxury cinema are minutes away at Ocean Ranch Village, Monarch Beach Plaza, Monarch Beach Golf Links and Dana Point Harbor. Location, Location, location, period. Welcome to your new home on the California Riviera!
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| Apr 13, 2023 | No longer available | - | |
| No longer available | |||
| Mar 12, 2023 | In contract | - | |
| In contract | |||
| Feb 27, 2023 | Listed | $659,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
12/17/2024
|
1 Bed
|
1 Bath
|
735 ft²
|
$725,000
1 Bed
1 Bath
735 ft²
|
$715,000
-1.38%
02/07/2025
|
John Russell
Bullock Russell RE Services
| |
|
02/27/2023
|
1 Bed
|
1 Bath
|
735 ft²
|
$659,000
1 Bed
1 Bath
735 ft²
|
-
-
|
Steven Abraham
First Team Real Estate
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017