754 Toussau Drive
About This Property
Step into the newly remodeled kitchen, featuring Caesarstone countertops, custom cabinetry, and top-of-the-line stainless steel appliances, including double ovens, a warming drawer, wine refrigerator, built-in microwave, and more. The open floorplan flows seamlessly from the living room to the formal dining room and into a breathtaking family room, all of which enjoy sweeping views of city lights beyond the backyard.
The home features four generously sized bedrooms, two of which include walk-in closets, with clear-day views of Catalina Island. The primary suite is a private retreat, complete with an updated bathroom featuring a walk-in shower, and it opens to a private patio with a large above-ground swim spa for fitness and an adjacent spa for relaxation. The hallway bathroom includes both a step-in shower and a separate tub.
The expansive backyard feels like your own private park, featuring an oversized heated and covered patio, a built-in BBQ island with bar seating, and plenty of space for dining and entertaining. Modern comforts abound, with a multi-zone HVAC system, inside laundry room, two fireplaces, and a durable concrete roof. The 2-car garage has resurfaced epoxy flooring and leads to a circular driveway that can accommodate up to six cars.
Located in a prime area with access to top Fullerton schools like Troy High School, this home offers proximity to world-class dining and entertainment options in every direction.
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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 |
|---|---|---|---|
| Nov 1, 2024 | Sold | ||
| Sold | |||
| Oct 25, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $1,788,000 | |
| Relisted | |||
| Oct 6, 2024 | No longer available | - | |
| No longer available | |||
| Sep 24, 2024 | Listed by Compass Newport Beach | $1,788,000 | |
| Listed by Compass Newport Beach | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017