$2,265,000
●
Condo -
Off Market
42 Cipresso
Irvine, CA 92618
4 Beds
3 Baths
2,077 Ft²
$12,100
Est. Monthly
$325
HOA / Fees
3.24%
Cap Rate
About This Property
Luxury Meets Exclusivity: Fully Upgraded Limited Edition Corner Lot
Home in the Guard-Gated Southern California, Irvine destination of
"Laguna Altura"-Live Exceptionally –A RARE Gem – Our San Remo
Collection Residence 3 "Classical" features 4BD 3BA and 2,077 sq.
ft. and is FULLY LOADED with Designer touches throughout including
Engineered Hardwood Flooring, Custom Fitted Window Shades, Built-in
Gas Fireplace, Garage Epoxy Flooring, Crown Molding, & LED Recessed
Lighting! Chef-inspired Gourmet Kitchen with Quartz Countertops &
FULL Subway Ceramic Tile Backsplash, White Cabinetry, Walk-In
Pantry, and ALL Stainless Steel Appliances! A Lifestyle Opportunity
for Outdoor Living-Low Maintenance Backyard with Custom Waterfall
Feature & Professional Hardscape! World-Class Amenities-exclusive
to Laguna Altura residents. Leisurely activities at your
doorstep-Paved Walking Trail to Los Olivos Shopping Center, Parks,
Full Court Basketball, Junior Olympic Pool, Clubroom, Tot lots, and
BBQ Picnic destinations. Award-winning Irvine Unified School
District (zoned University High School) and minutes from Irvine
Spectrum Center, Hoag & Kaiser Hospitals, Quail Hill Shopping
Center and Laguna Beach!
Unit Size
2,077 Ft²
Days on Market
75 days
Land Size
0.07 acres
Price per sqft
$1,155
Property Type
Condo
Property Taxes
-
HOA Dues
$325
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (CRMLS #OC25078592)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 24, 2025 | Sold | ||
| Sold | |||
| Jun 10, 2025 | In contract | - | |
| In contract | |||
| May 27, 2025 | Price Decreased |
$2,398,000
↓ $101K
(4%) | |
| Price Decreased | |||
| Apr 10, 2025 | Listed by Berkshire Hathaway HomeService | $2,498,888 | |
| Listed by Berkshire Hathaway HomeService | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Direct Access, Garage
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Breakfast Bar, Built-in Features, Tray Ceiling(s), Crown Molding, High Ceilings, Open Floorplan, Pantry, Recessed Lighting, Walk-In Closet(s), Balcony, SeparateFormalDiningRoom, QuartzCounters, Unfurnished, BedroomOnMainLevel, PrimarySuite, WalkInPantry
Appliances: Built-In Range, Dishwasher, Gas Cooktop, Disposal, Gas Oven, Gas Range, Microwave, Range Hood, Tankless Water Heater, WaterToRefrigerator
Flooring Type: Wood
Door Features: French Doors, Sliding Doors
Laundry Features: Laundry Room, Upper Level
Has Fireplace
Fireplace Features: Gas, Great Room
Exterior Details
Square Footage: 2077
Square Footage Source: $0
Security Features: Carbon Monoxide Detector(s), Gated with Guard, Gated Community, Key Card Entry, Smoke Detector(s), Security Guard, FireDetectionSystem, GatedWithAttendant
Property Condition: Turnkey
Year Built Source: Builder
Year Built: 2012
Builder Name: Irvine Pacific
Builder Model: San Remo
Levels: Two
Window Features: CustomCoverings
Construction Materials: Stucco
Patio and Porch Features: Enclosed
Pool Features: Association
Lot Features: Corner Lot, NearPark
Lot Size Area: 3000
Lot Size Units: Square Feet
Lot Size Acres: 0.0689
Lot Size Square Feet: 3000
Tax Lot: 24
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Fireplace(s)
Sewer : SewerTapPaid
Location Details
HOA/Condo/Coop Amenities: Clubhouse, Sport Court, Barbecue, Pool, Spa/Hot Tub, MaintenanceFrontYard, Guard
HOA Fee: $325
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/10/2025
| |
4 Bed
|
3 Bath
|
2077 ft²
|
$2,498,888
4 Bed
3 Bath
2077 ft²
|
$2,265,000
-9.36%
06/24/2025
|
Cyrena Bulahan
Berkshire Hathaway HomeService
|
Building Info
About Laguna Altura
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Listed by: Ronnie Hackett, Berkshire Hathaway HomeService
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC25078592
Last Updated: 2 years ago
Data Source: CRMLS, MLS# OC25078592
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