$1,445,000
●
House -
Off Market
1029 Aloha Drive
Encinitas, CA 92024
3 Beds
2 Baths
1,300 Ft²
$1,527,504
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model
About This Property
Super cute beach bungalow on a large 9,100 sf lot. This 1,300 sf
home has three bedrooms, two baths with vintage tile counters,
original oak floors, a wood burning fireplace, dual paned windows,
knotty pine cabinets, and an oversized two car garage! New quartz
countertops in the kitchen, new stainless steel gas range/oven,
dishwasher, and sink. RV parking area in the front, and room for a
potential Accessory Dwelling Unit in the large rear yard (please
check with the city). Walking distance to award winning Ocean Knoll
Elementary, Oak Crest Middle School, and San Dieguito High School
Academy. Only a 1.6 mile walk to Swami's Beach and the 101 to
downtown Encinitas. Just over a mile to the Encinitas Community
Park and easy access to I-5 for commuters. Come enjoy all Encinitas
has to offer. This home is ready for your personal touch. No HOA's!
Unit Size
1,300 Ft²
Days on Market
35 days
Land Size
0.21 acres
Price per sqft
$1,162
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1960
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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: 13 months ago (SDMLS #NDP2205361)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 30, 2022 | Sold | ||
| Sold | |||
| May 24, 2022 | Listed by HomeSmart Realty West | $1,510,000 | |
| Listed by HomeSmart Realty West | |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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HOA + Taxes
About Encinitas
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Listed by: Susan Goralski, HomeSmart Realty West
Last Updated: 13 months ago
Data Source: CRMLS, MLS# NDP2205361
Last Updated: 13 months ago
Data Source: CRMLS, MLS# NDP2205361
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