690 Capital Street
About This Property
Upon entry you'll find the main living area flows directly into the adjacent dining and kitchen zone, providing broad sight-lines throughout. The recently upgraded roof adds long-term security for the next owner. The kitchen awaits a cosmetic refresh and connects conveniently to the backyard. All four bedrooms share the two full baths, and the overall layout supports a clean renovation plan for upgrading finishes, fixtures and flooring.
Outside the backyard stands out with generous room for landscaping, play or outdoor living. A wide driveway accommodates multiple vehicles in addition to the attached garage. Off the back of the garage sits a stucco-finished storage area that offers flexible use and could be an ideal place for a workshop, hobby space or alternative configuration. The rear yard is enclosed by block walls, offering privacy and structure for outdoor living.
Location puts you near many of the amenities that define this area of Orange County. A short drive brings you to the beaches of Newport Beach and Huntington Beach, the shopping and dining mecca of South Coast Plaza, and the vibrant food scene around the 17th Street corridor in Costa Mesa. Proximity to parks, bike-friendly routes and local dining adds lifestyle appeal for both resident and investor buyers.
This home is offered without an HOA, making ownership straightforward and cost-effective. With its strong location, large lot and clear renovation potential, 690 Capitol Street offers an excellent opportunity for a buyer ready to apply upgrades and capture value in the heart of Costa Mesa.
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Cap Rate Calculator
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 12, 2025 | Sold | ||
| Sold | |||
| Nov 16, 2025 | In contract | - | |
| In contract | |||
| Aug 4, 2025 | Listed by First Team Real Estate | $1,000,000 | |
| Listed by First Team Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017