9 Chaminade
About This Property
Upon entry, you're greeted by a sunlit formal living room with French doors that open onto a charming courtyard, perfect for indoor-outdoor living and entertaining. The gourmet kitchen is a chef's dream, featuring high-end stainless steel appliances, gleaming countertops, custom white cabinetry with abundant storage, and a wine refrigerator. The kitchen flows effortlessly into a cozy dining nook and a spacious family room with fireplace, creating a welcoming space for gatherings. A separate formal dining room behind the kitchen sets the stage for memorable dinners or events with complementary French doors to round out the room. Completing the main level are a powder room, indoor laundry area, and beautiful wood flooring throughout.
Upstairs, discover a large bonus room with custom cabinetry and built-in desks, which acts as a multipurpose space for work, play, or relaxation. The serene primary suite boasts a spa-like bathroom with a soaking tub, separate shower, double vanity, and a generously sized walk-in closet. Three additional bedrooms share a tastefully remodeled bathroom with a walk-in shower, providing plenty of room and privacy for family or guests.
Step outside into a spacious wraparound backyard, an ideal retreat for alfresco dining, gardening, or simply soaking up the California sun. With a built-in BBQ, this outdoor haven is unmatched for hosting gatherings and enjoying year-round outdoor cooking. Additional features include newer PEX plumbing and a two-car garage. As part of the exclusive St. Michel community, residents enjoy access to private pools and a variety of recreational amenities, including nearby parks, tennis courts, pickleball, basketball, sports fields, scenic trails, and playgrounds. Newport Coast's premier shopping and dining, world-class beaches, and elementary school are just minutes away, along with easy access to freeways and toll roads. Discover the ultimate Newport Coast lifestyle at 9 Chaminade.
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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 20, 2024 | Sold | ||
| Sold | |||
| Nov 22, 2024 | In contract | - | |
| In contract | |||
| Nov 13, 2024 | Listed by Compass | $3,150,000 | |
| Listed by Compass | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017