Deal numbers
- Est. cap rate
- 2.3%
- Assumed rent, all units
- $11,580/mo
- Units
- 3
- Price per unit
- $998,333
- Est. annual NOI
- $69,480
- Expense assumption
- 50%
Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.
Run your own numbers
Adjust the assumptions to see cash flow and cash on cash return.
- Effective gross income
- $132,012
- Operating expenses
- $66,006
- Net operating income
- $66,006
- Annual debt service
- $179,332
- Annual cash flow
- -$113,326
- Cash on cash return
- -15.1%
- Down payment
- $748,750
Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.
Property details
- Type
- Triplex
- Bedrooms
- 3
- Building size
- 2,797 sqft
- Lot size
- 5,924 sqft
- Year built
- 1960
- Stories
- 2
- Garage spaces
- 0
- Heating
- Forced Air
- Cooling
- None
- Pool
- Association
- Status
- Active
- Days on market
- 92
- MLS #
- 244709508
About this property
Set within the coveted coastal enclave of Corona Highlands, 4300 Shorecrest presents a rare opportunity to own a well positioned triplex in one of Southern California's most desirable seaside communities. Situated on an approximately 5,924 square foot lot, the property comprises three thoughtfully designed residences, each offering approximately 950 square feet of comfortable living space with two bedrooms and one bath, creating an exceptional investment opportunity or a versatile coastal retreat. Residents enjoy covered carport parking, access to the community pool, and one of Corona Highlands' most treasured privileges, exclusive entry to the secluded Shore Cliffs beach, where golden sands, dramatic bluffs, and the rhythm of the Pacific create an extraordinary extension of everyday living. Perfectly positioned moments from the boutiques and acclaimed dining of Corona del Mar Village, the scenic trails and pristine coastline of Crystal Cove State Park, and the world class shopping and entertainment of Fashion Island, the property offers an effortless blend of coastal tranquility and urban convenience. Whether expanding an investment portfolio or securing a premier address along Orange County's coastline, 4300 Shorecrest embodies the enduring appeal of Southern California's coveted coastal lifestyle.
Location
4300 Shorecrest
Corona del Mar, Orange, CA, 92625