519 Playa
About This Property
Recently remodeled and fully turnkey, the home boasts high-end upgrades, including new wiring, a 220 amp panel, and modern lighting throughout. The sleek kitchen showcases custom cabinetry with quartz countertops, while luxury vinyl flooring adds elegance and durability to every room. New doors, windows, and a garage door with an opener complete the upgrades, along with a brand new HVAC system, heater, and ductwork for ultimate comfort.
Residents enjoy access to a neighborhood pool and nearby amenities such as the scenic Newport Beach Back Bay Nature Preserve, Eastbluff Public Park, and top-rated schools. Additionally, Fashion Island, pristine beaches, premier restaurants, shopping, and John Wayne Airport are all just moments away. Don't miss this rare opportunity to own a move-in-ready home in one of Newport Beach's most coveted 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 |
|---|---|---|---|
| Dec 16, 2024 | Sold | ||
| Sold | |||
| Nov 22, 2024 | In contract | - | |
| In contract | |||
| Oct 18, 2024 | Listed by Douglas Elliman of California | $2,195,000 | |
| Listed by Douglas Elliman of California | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017