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938 Cheyenne Street
About This Property
Featuring 5 bedrooms and 2 bathrooms, this home offers an ideal layout for a variety of living situations, including multi-generational living, work-from-home setups, or those needing extra space. The expansive living areas are filled with natural light and showcase wide-plank flooring, fresh finishes, and a cozy fireplace that creates a warm focal point.
The open-concept living and dining spaces flow seamlessly to the backyard through large sliding glass doors, creating an effortless indoor-outdoor connection. A covered patio provides the perfect setting for relaxing or entertaining year-round.
The kitchen is functional and well-positioned with abundant cabinetry, generous counter space, and a layout that opens to the main living areas-ideal for both everyday use and gatherings.
Each bedroom is generously sized, including flexible spaces perfect for a home office, guest rooms, or creative use. One standout feature is the built-in storage and shelving, offering both character and practical functionality.
Outside, the home is set behind a private courtyard-style entry, adding charm and privacy, while the backyard offers additional room to enjoy the Southern California lifestyle.
Additional highlights include a two-car garage, extended driveway, updated flooring throughout, and a clean, move-in-ready interior.
A rare opportunity to own a 5-bedroom single-story home in one of Costa Mesa's most convenient and desirable locations.
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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 |
|---|---|---|---|
| Jun 12, 2026 | Sold | ||
| Sold | |||
| May 14, 2026 | In contract | - | |
| In contract | |||
| Apr 29, 2026 | Price Decreased |
$1,349,000
↓ $50K
(3.6%) | |
| Price Decreased | |||
| Apr 2, 2026 | Listed by Tauler Hughes California Realty | $1,399,000 | |
| Listed by Tauler Hughes California Realty | |||
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About Costa Mesa
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017