704 Calle Puente
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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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Jun 14, 2021 | Listed by Conrad Realtors Inc | $1,450,000 | |
| Listed by Conrad Realtors Inc | |||
| | |||
|
Historic Ole Hanson home on the Mills Act for a huge tax benefit! Incredibly low property taxes at approximately $3,400 a year. A rare find with such low property taxes and only 2 blocks to the beach! The aesthetic spirit and style of early San Clemente are easily evident throughout this 2bdr/2ba home. Built in 1928 with Spanish Revival inspired designed and beautifully restored to its original beauty with incredible attention to detail. The exterior maintains the classic Spanish style envisioned by Ole Hanson himself with a red tile roof and whitewashed stucco walls with a pop of brilliant color. Remarkable not only on the outside but the inside as well with gorgeous open beamed ceilings, hardwood flooring, a tiled fireplace, and restored wood casement windows. The kitchen is a charming delight, remodeled and restored with an intricate hand-made tiled backsplash, self-closing cabinetry and drawers, hidden dishwasher and a vintage 1934 Wedgewood double oven. Additional highlights of this magnificent piece of history include indoor laundry, storage space, copper rain gutters, a solid wood front door, custom designed wrought iron lighting fixtures and a detached 2 car garage. Perfectly nestled in the heart of central San Clemente, this Spanish architectural gem is within walking distance to the beach, popular Avenida Del Mar with excellent shopping and dining, Las Palmas Elementary School and more! The manager has listed the unit size as 1255 square feet.
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| Nov 19, 2019 | Sold | ||
| Sold | |||
| Apr 9, 2019 | Listed by Regency Real Estate Brokers | $1,200,000 | |
| Listed by Regency Real Estate Brokers | |||
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About San Clemente
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017