405 Gloucester Drive
About This Property
Step inside to discover an inviting open-concept design, showcasing an updated kitchen seamlessly connected to the dining area and living room, perfect for modern living. The kitchen offers convenient access to the rear yard, enhancing indoor-outdoor flow. Added conveniences include a washer/dryer, refrigerator, and appliances, all included for your comfort. Experience year-round comfort with newer forced air heating and cooling systems.
Both the primary and secondary bedrooms boast en-suite bathrooms, with the secondary bedroom featuring a convenient Murphy bed that remains with the property.
Outside, retreat to your private sanctuary in the serene backyard, where a newer hot tub beckons relaxation and entertainment. Explore the nearby bike paths and hiking trails of the Upper Newport Back Bay Preserve, just a mile away, or indulge in the community amenities including a clubhouse and pool amidst lush greenbelts.
Benefiting from HOA coverage, including roof maintenance (recently replaced approximately 5 years ago), landscaping, water, earthquake insurance, and trash removal, this residence offers hassle-free living. Enjoy the convenience of being minutes away from 17th Street and some of Orange County's finest beaches. Don't miss the opportunity to call this high-demand Eastside complex your home sweet home.
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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 |
|---|---|---|---|
| Aug 13, 2024 | Sold | ||
| Sold | |||
| Jun 6, 2024 | Listed by Coldwell Banker Realty | $1,079,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017