949 Arbor Street
About This Property
Upstairs, you'll find a spacious primary suite featuring an elegant bathroom with a stylish shower, closet, and quartz countertops. A stacked stone fireplace with mantle adds warmth to the large family room, perfect for entertaining on those cool winter nights. Sliding doors open up to a great covered deck that is the entire length of the home.There is also a second full bath, with another large bedroom, and a huge bonus room with carpet, wet bar, and access to a balcony overlooking mature landscaping, including olive trees, maple, Outdoor fireplace w/ deck area and lovely flowers.
Converted studio, turnkey ,on the side of home is a plus, with bathroom, shower and kitchenette.
The home is thoughtfully upgraded with dual-pane windows, copper plumbing, a tankless water heater, just to name a few and a host of personal touches. The cozy front porch is framed by stacked stone, and the backyard features a adorable matching shed , greenbelt, perfect seclusion. Oversized one-car garage ,large driveway ,RV parking, a washer and dryer (included),in garage and plenty of storage space. With wood look vinyl flooring downstairs and Bamboo on staircase steps as well as upstairs flooring. This home is move-in ready and looking for its forever family, don't miss out on this one!
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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%.
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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.
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 5, 2024 | Sold | ||
| Sold | |||
| Oct 24, 2024 | In contract | - | |
| In contract | |||
| Oct 16, 2024 | Listed by Compass | $1,995,000 | |
| Listed by Compass | |||
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About Costa Mesa
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017