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    3871 Hendrix St Irvine, CA 92614

    View on Map
    Sponsored
    For Sale
    $2,998,000

    Single Family Residence, Modern,Contemporary - Irvine, CA

    Type:Single Family Residence
    Property size:
    4,079 SF
    Lot size:
    5,031.00 Acres
    Days on Market:
    7
    Last Refresh:
    Mar 27 at 12:06 pm

    Property Features for 3871 Hendrix St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Property condition
    New Construction
    Standard status
    Active
    Window features
    Double Pane Windows
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Bonus Room, Laundry, Living Room, Office
    Bedrooms
    9
    Bathrooms
    11
    APN
    44707126
    Parking
    2
    Parking features
    Driveway, Garage
    Interior features
    Quartz Counters, High Ceilings, 2 Staircases, Recessed Lighting, Open Floorplan, Stone Counters, Energy Star Qualified Doors, Sliding Doors, Double Door Entry, Mirror Closet Door(s), Carbon Monoxide Detector(s), Window Features: Double Pane Windows, Custom Covering
    Exterior features
    Fence, Community Features Included: Gutters, Street Lights, Sidewalks, Greenbelt, Yard
    Fencing
    Fenced
    Appliances
    Dishwasher, Garbage Disposer, Microwave, Refrigerator, Washer
    Size
    4,079 SF
    Lot size
    5,031.00 Acres

    Taxes and HOA fees

    Expense value
    85
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1971
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Vinyl
    Building materials
    Concrete, Stucco
    Roof type
    Tile
    Architectural style
    Contemporary

    We can help!

    Listing Contact
    Parnaz Nasibi
    Parnaz Nasibi

    First Team Real Estate

    Listing agent Parnaz Nasibi License #01934369

    Listing date Mar 21, 2026

    MLS# OC26061879 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Irvine Residence with Income Potential

    This property in Irvine, California, presents a rare opportunity with two houses in one. The fully reconstructed main house offers approximately 3,097 square feet of living space. Additionally, a brand-new approximately 1,000-square-foot Accessory Dwelling Unit (ADU) with its own address is included. The two units have the potential to generate attractive combined rental income. The main home features a new roof, new plumbing, upgraded copper electrical wiring, new 200-amp electrical panels, two new tankless water heaters, and two new high-efficiency HVAC systems, plus all-new energy-saving dual-pane windows and sliding doors. The custom kitchen includes quartz countertops, an island, and premium appliances, including a 36” induction range with potential gas option. Designer bathrooms feature modern finishes, a large powder room, luxury waterproof flooring, a 96” wrought-iron entry door, LED recessed lighting throughout, smooth-finish walls, and a remodeled fireplace. Each of the nine bedrooms has its en-suite full bathroom. There is also an upstairs kitchenette and a laundry room. The ADU (3873 Hendrix St.) is completely independent, with a separate entrance and electrical meter. It includes a full-size kitchen with quartz countertops and new appliances, two custom bathrooms, a powder room, luxury vinyl flooring, a high-efficiency HVAC system, and a new tankless water heater. Exterior features include new stucco and paint, artificial turf landscaping/hardscape in the front & backyard, custom iron gates, brand-new outdoor lighting, and Ring security cameras all around the house, a new insulated garage door and epoxy garage flooring, new window treatments, plus 4 refrigerators and 6 washers/dryers on the property. New stone work for outside is coming soon. The property is located in an excellent neighborhood, assigned to award winning University High School, with super easy access to I-405, John Wayne Airport, UCI, shopping, dining, the beach, Spectrum, and all the best of Irvine. The lot size is approximately 0.115 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Irvine
    County
    Orange
    State
    California
    Longitude
    -117.8210824
    Latitude
    33.6740517

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    FAQs

    What type of property is this?
    Duplex - Reconstructed Irvine residence featuring a main house and separate ADU.
    Where is this duplex located?
    The property is located at 3871 Hendrix St Irvine, CA.
    What is the asking price?
    The asking price for this property is $2,998,000.
    What are key features of this property?
    This property features: - Two houses in one: Main house (approx. 3,097 sq. ft.) plus a brand-new ADU (approx. 1,000 sq. ft.) with separate address and electrical meter, offering significant rental income potential.; - Fully reconstructed with 9 bedrooms and 11 bathrooms, each bedroom with its en-suite full bathroom, a kitchenette upstairs, and a laundry room.; - Extensive recent upgrades including new roof, plumbing, copper electrical wiring, 200-amp electrical panels, tankless water heaters, high-efficiency HVAC systems, dual-pane windows, and stucco/paint.
    (310) 922-9787
    Request Owner's contact information
    3871 Hendrix St Irvine, CA 92614
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    Irvine, CA 92614
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3871 Hendrix St Irvine, CA 92614
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    We can help!
    Listing Contact
    Parnaz Nasibi
    Parnaz Nasibi
    Real Estate License ID: 01934369
    Learn More
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