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987 Modjeska
About This Property
The dining area connects easily to the backyard, making indoor-outdoor living part of the everyday flow. Upstairs, the spacious primary suite features an updated en-suite bath, while two additional bedrooms offer flexibility for family, guests or a home office. All three bathrooms continue the home's clean coastal palette with updated vanities, tile and fixtures.
Out back, a private grassy yard framed by mature hedges offers plenty of room to relax, entertain and enjoy the Southern California weather. A two-car garage, generous driveway and fresh exterior presentation round out the home. Set in Costa Mesa with easy access to the coast and everything the area has to offer, 987 Modjeska Circle pairs a fresh, laid-back style with an easy everyday floor plan.
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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 |
|---|---|---|---|
| Oct 17, 2026 | In contract | - | |
| In contract | |||
| Oct 7, 2026 | Price Decreased |
$1,419,900
↓ $29K
(2%) | |
| Price Decreased | |||
| Sep 10, 2026 | Listed by Shelter Club Realty, Inc. | $1,449,000 | |
| Listed by Shelter Club Realty, Inc. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017