$515,000
●
House -
Off Market
1019 7th Street
Imperial Beach, CA 91932
2 Beds
1 Bath
780 Ft²
$883,512
RealtyHop Estimate
68.29%
Since Nov 1, 2017
CA-San Diego
Primary Model
About This Property
Terrific opportunity for first time buyer, a second summer home, or
investor wanting a beach rental. House is located blocks from the
beach and is a quick 5 min cycle ride to Seacoast Dr and the
Imperial Beach shops. Home has been well cared for and owner has
upgraded the electrical to the house. Also upgraded to newer dual
pane windows, recently painted exterior, mahogany front door,
stamped concrete in the front driveway and backyard. Rear of the
property has alley access for additional parking. Neighborhoods:
Imperial Beach Other Fees: 0 Sewer: Sewer Connected
Topography: LL
Unit Size
780 Ft²
Days on Market
44 days
Land Size
-
Price per sqft
$673
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1957
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 4 months ago (SDMLS #170044027)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 20, 2024 | Sold | ||
| Sold | |||
| Aug 8, 2024 | In contract | - | |
| In contract | |||
| Jun 21, 2024 | Listed by Coldwell Banker West | $749,000 | |
| Listed by Coldwell Banker West | |||
| | |||
|
Located just 7 blocks from the sandy shores of Imperial Beach, this cozy 2-bedroom, 1-bath detached home is perfect for those looking to downsize, own a vacation spot, or manage a short-term rental. The home includes a new water softener with reverse osmosis and a tankless water heater for enhanced comfort and efficiency. The finished garage is adaptable, usable as additional living space or potentially convertible to a legal third bedroom. Additionally, the utility room provides indoor laundry hook-ups and extra storage, not included in the living square footage of the home. Enjoy the classic Southern California beachtown lifestyle with easy access to excellent surfing, stunning views from the pier, and diverse oceanfront dining options. The spacious private backyard features a new fence and an access door to the alley, providing potential for a private entrance and accessibility if an additional dwelling unit is ever added in the future. Experience the laid-back charm of this appealing Southern California beachtown home, waiting for you to make it your own.
| |||
| Oct 4, 2017 | Sold | ||
| Sold | |||
| Aug 21, 2017 | Listed by Coldwell Banker West | $525,000 | |
| Listed by Coldwell Banker West | |||
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Southern San Diego
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Listed by: Jose Hernandez, Coldwell Banker West
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 170044027
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 170044027
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