511 Sturgeon Drive
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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%.
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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.
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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 |
|---|---|---|---|
| Mar 24, 2026 | Sold | ||
| Sold | |||
| Feb 25, 2026 | In contract | - | |
| In contract | |||
| Jan 22, 2026 | Listed by First Team Real Estate | $1,499,900 | |
| Listed by First Team Real Estate | |||
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Welcome to the best in Costa Mesa living in the highly sought after Del Cerro tract. The four-bedroom, three-bathroom home with bonus room, includes designer details, an open floor plan with white shaker-shaker style cabinets, waterfall island, and recessed lighting. The entertainer’s backyard includes outdoor barbecue, and covered deck for indoor-outdoor living.
A few steps from the main living area, you’ll find an oversized bonus room and bathroom with direct garage access. The space is currently used as a home gym, but is flexible for a mother-in-law suite, guest quarters, or flexible living space.
Upstairs, the spacious primary suite features an updated en-suite bath with dual vanities, separate shower, and an expansive area that is currently being used as a walk-in closet. Three additional bedrooms and a secondary bathroom complete the upper level.
Conveniently located near South Coast Plaza, The Lab and Camp with easy freeway access. The home comes completed with a $98,708 paid off solar system with wall batteries, newer pool filter, cozy fireplace and three-car garage.
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| Aug 30, 2024 | Sold | ||
| Sold | |||
| May 7, 2024 | Listed by Coldwell Banker Realty | $1,580,000 | |
| Listed by Coldwell Banker Realty | |||
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Newly renovated designer home with a designer pool, situated in the sought-after Del Cerro Tract. The backyard is an entertainer's paradise, boasting a freshly painted brick patio and a custom outdoor kitchen. Enjoy BBQs and al-fresco dining under the covered deck, or indulge in year-round relaxation in the heated pool and spa, complete with a new filter tank. The family room flows seamlessly into the remodeled kitchen and dining area, ideal for hosting guests. The chef's kitchen features ample storage, modern white cabinetry, granite countertops with an impressive waterfall accent, recessed lighting, a built-in wine refrigerator, and a unique LED-lit granite center island. The fireplace and two custom wall murals have received fresh paint, adding to the home's charm. Descend a few steps to find an additional family room with sliders leading to the private yard and pool, currently utilized as an entertainment space with its own custom wall mural. This area could serve as a fantastic Mother-in-law suite, boasting a full separate bathroom and direct garage access. The spacious primary bedroom includes an updated en-suite bathroom with dual vanities, a separate shower, and a large walk-in closet. Three additional bedrooms and a secondary bathroom complete the upstairs. Each bedroom has been freshly painted, with new closet doors installed. Conveniently located near South Coast Plaza with easy freeway access, this home is available for sale furnished or unfurnished. Solar installed and transferred with sale. Seller willing to carry financing.
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About Costa Mesa
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017