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771 N Rancho Drive
About This Property
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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 |
|---|---|---|---|
| Jul 1, 2023 | No longer available | - | |
| No longer available | |||
| Jun 8, 2023 | In contract | - | |
| In contract | |||
| May 19, 2023 | Listed by Berkshire Hathaway HomeServices | California Properties | $1,799,888 | |
| Listed by Berkshire Hathaway HomeServices | California Properties | |||
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Beautiful property in prime Bixby Hill gated community with one of California's oldest pepper tree in front yard, where you can feel great ocean breezes! As you enter nice courtyard, notice the gorgeous double door entry. The house has lots of natural light with big windows, large bedrooms and spa-like bathrooms, downstairs bedroom and full bathroom, great hardwood floors in most of the house, nice wood-looking porcelain tile floors also. Huge master suite has 2 walk-in closets and wrap-around balcony, where it would be nice to have coffee or glass of wine. Huge formal living room and dining room with cathedral ceilings, big eat-in kitchen with Wolf range, nice cabinets, beautiful granite countertops, view windows looking out to the lush backyard with swimming pool, jacuzzi, large deck, grass area with trampoline, built-in BBQ, big outdoor usable areas all around the house. Family room with fireplace, with big and beautiful wet bar with gorgeous granite countertops, open up to backyard with huge accordion door for indoor/outdoor living and great entertaining. According to Sellers, previous owner did renovations and updating to earthquake code. New pool filter motor in 2022, new furnace in February 2023, and so many beautiful upgrades have been done, too many to list. Furthermore, the property backs up to Rancho Los Alamitos, so it feels private with no neighbors behind, and with the lush vegetation, it feels like a true oasis! The manager has listed the unit size as 2644 square feet.
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| Sep 26, 2018 | Sold | ||
| Sold | |||
| Jun 14, 2018 | Listed by Coldwell Banker Coastal Alliance | $1,319,000 | |
| Listed by Coldwell Banker Coastal Alliance | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017