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990 Hillcrest Drive
About This Property
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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 |
|---|---|---|---|
| Sep 14, 2026 | Listed by The Agency | $3,995,000 | |
| Listed by The Agency | |||
| Jun 23, 2025 | Listed | $4,450,000 | |
| Listed | |||
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An opportunity to build a dream ocean-view estate on an impressive, oversized parcel in the highly desirable North Laguna Beach location. The potential of this lot has been translated into a vision for a breathtaking contemporary property by an architectural firm helmed by the renowned Anders Lasater. Permits pulled and shovel ready! Grading has already been completed and new owner can begin construction of an approximately 5,200-square-foot three-bedroom residence with a private, separate ADU immediately after assuming ownership. Maximizing the incredible coastline views as far as Dana Point and Catalina Island sunsets, this home would also feature massive outdoor decks, including a covered verandah off the family room, complete with a fireplace. To capitalize on the mild Southern California climate, the rear yard was envisioned with an outdoor shower, a spa, a BBQ area, and a convenient full bathroom accessed from the outside. A three-car garage, 10’ ceilings, and a rare elevator to all three levels complete the list of design features. 990 Hillcrest combines the privacy of an elevated lot with a convenient North Laguna location: minutes away from its beaches and downtown, as well as within easy access to Newport Beach, local freeways, and the airport.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017