506 Somerset
About This Property
The finishes are fresh, the updates are everywhere, and there is still just enough room to sprinkle in your own personality and make it completely yours. Move in ready but never boring. That is the vibe here.
Five bedrooms gives you options for days. Home office, guest room, gym, playroom, creative studio... whatever your life needs, this house has the space for it. The downstairs bedroom is an absolute game changer, perfect for guests, in laws, or anyone who appreciates easy single level access. Three full bathrooms means mornings actually run smoothly. You are welcome.
NOW LET'S TALK ABOUT THAT BACKYARD.
The pool is gorgeous, sparkling, and ready to be the main character of every summer memory you are about to make. Pool parties, sunset floats, weekend BBQs with everyone you love. This outdoor space is giving full resort energy and summer is right around the corner. You need to see it in person.
Solar panels are already in place so your energy bills stay low and your lifestyle stays high. More savings means more of the good stuff.
The location is honestly one of the best kept secrets in Placentia. Close to amazing restaurants, shopping, parks, and freeways that make getting anywhere a breeze. And the award winning schools in this neighborhood? That is not something you find everywhere. This is the kind of address people wait for.
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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 |
|---|---|---|---|
| Jun 30, 2026 | Sold | ||
| Sold | |||
| Jun 17, 2026 | In contract | - | |
| In contract | |||
| Jun 13, 2026 | Price Decreased |
$1,499,999
↓ $49K
(3.2%) | |
| Price Decreased | |||
| May 30, 2026 | Listed by Coldwell Banker Realty | $1,548,888 | |
| Listed by Coldwell Banker Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017