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408 Hazel Drive
About This Property
Outdoor spaces further elevate the property, offering a generous grassy yard framed by mature greenery and crisp white fencing, providing privacy and a true sense of openness rarely found in Corona del Mar Village. An upper-level terrace captures neighborhood vistas and peek-a-boo ocean views, creating a bright, sun-drenched setting ideal for morning coffee or evening gatherings. Clean architectural lines and thoughtfully placed planters enhance the simplicity of the space while maintaining its relaxed coastal feel.
Kitchen is both architectural and functional, appointed with Crystallo quartzite natural stone surfaces, custom cabinetry, and fully integrated sinks. Rohl faucet and professional-grade appliance suite including Thermador refrigerator, range, and microwave, paired with a Bosch dishwasher, deliver performance equal to its visual appeal. Clean-lined peninsula seating anchors the space for casual gatherings and everyday living. Primary suite feels like a private retreat, complete with a spacious sitting area, freestanding soaking tub, and a spa-inspired shower wrapped in Taj Mahal slabs. Taj Mahal countertops continue the material story across custom vanities, while a fully built-out custom closet offers tailored organization. Lower level baths echo the same elevated stone selections for a consistent, luxurious finish. Major improvements include new windows, new interior doors, a metal standing seam roof, and a new garage door. Positioned in the heart of Corona del Mar Village, moments from boutiques, dining, Ocean Boulevard, and world-class beaches. Turnkey, design driven, and impeccably executed, this residence offers a rare blend of architectural polish and relaxed coastal living.
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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 |
|---|---|---|---|
| Sep 4, 2026 | Sold | ||
| Sold | |||
| Jul 23, 2026 | In contract | - | |
| In contract | |||
| Jul 19, 2026 | Relisted | $3,788,000 | |
| Relisted | |||
| Jun 28, 2026 | In contract | - | |
| In contract | |||
| Jun 13, 2026 | Price Decreased |
$3,788,000
↓ $110K
(2.8%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017