419 Gloucester Drive
About This Property
Move-in ready and designed for luxury, comfort, and convenience, this home boasts luxury laminate "wood" flooring and recessed lighting throughout. The beautifully upgraded kitchen offers ample storage with shaker-style self-closing cabinets, quartz countertops, a stylish subway tile backsplash, a spacious island, and stainless steel appliances that are less than a year old.
The inviting living room features a charming white brick electric fireplace and a stunning floor-to-ceiling window that fills the space with natural light. The primary bedroom includes a mirrored wardrobe, custom built-ins, and a stylish barn door leading to the en-suite bath. The generous secondary bedroom is complemented by elegant plantation shutters.
For added convenience, the in-unit laundry is discreetly housed in a separate closet on the private patio. Newer sliding glass doors open to a spacious patio that spans the entire length of the home, lined with tall hedges for exceptional privacy. Additionally, the home includes central heating and air conditioning.
A large two-car garage is just steps away, and mail is delivered right through the front door's mail slot-adding a touch of charm and ease to daily life. The HOA maintains the beautifully landscaped grounds and covers both water and trash.
Located in the highly rated Newport Mesa School District, this prime spot is less than a mile from 17th Street and just minutes from major freeways, Newport Beach, Balboa Island, Fashion Island, the OC Fairgrounds, John Wayne Airport, world-class dining, shopping, entertainment, golf courses, and stunning beaches. Outdoor enthusiasts will love the nearby Upper Newport Bay Nature Preserve (Back Bay), offering miles of scenic trails.
This is a rare opportunity to own a meticulously upgraded, turn-key home in one of the most desirable locations!
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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 |
|---|---|---|---|
| May 5, 2025 | Sold | ||
| Sold | |||
| Mar 4, 2025 | Listed by Re/Max Premier Realty | $1,099,000 | |
| Listed by Re/Max Premier Realty | |||
| Jun 17, 2019 | No longer available | - | |
| No longer available | |||
| Apr 8, 2019 | Listed | $725,000 | |
| Listed | |||
| | |||
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For comp purposes. Sold before processing. Single level 2 bedroom The manager has listed the unit size as 1064 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017