$1,067,000
●
House -
Off Market
11358 Vela Drive
San Diego, CA 92126
4 Beds
2 Baths
1,552 Ft²
$5,156
Est. Monthly
About This Property
Fully renovated home in north Mira Mesa featuring an open-concept
living space filled with natural light from abundant windows. The
spacious kitchen offers modern white cabinetry, an island, ample
counter space, and brand-new stainless steel appliances. A huge
slider off the kitchen opens to a private backyard with a large
patio, new trellis, and refreshed landscaping, perfect for
entertaining or relaxing outdoors. Inside, enjoy modern finishes
throughout including new LVP flooring and baseboards, new doors,
light fixtures, ceiling fans, and mirrored closets in all bedrooms.
The living room features a stylish modern fireplace with new tile
surround, creating a warm and inviting focal point. Additional
upgrades include new kitchen cabinets, new roof, new garage window,
new exterior lighting, and a freshly painted interior and exterior.
The fully remodeled primary bathrooms include professional
waterproofing and elegant finishes. Comfort is ensured year-round
with new AC mini splits in the living room and primary bedroom,
with enough capacity to cool the entire home. This bright, modern
home is truly move-in ready.
Unit Size
1,552 Ft²
Days on Market
49 days
Land Size
0.12 acres
Price per sqft
$677
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1972
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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: 9 months ago (SDMLS #PTP2509328)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 17, 2026 | Sold | ||
| Sold | |||
| Feb 3, 2026 | In contract | - | |
| In contract | |||
| Jan 24, 2026 | Price Decreased |
$1,049,999
↓ $49K
(4.5%) | |
| Price Decreased | |||
| Dec 23, 2025 | Listed by Richard Montano, Broker | $1,098,980 | |
| Listed by Richard Montano, Broker | |||
| Dec 2, 2025 | Price Decreased |
$1,098,980
↓ $10
(0%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
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HOA + Taxes
About Northeastern San Diego
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Listed by: Richard Montano, Richard Montano, Broker
Last Updated: 9 months ago
Data Source: CRMLS, MLS# PTP2509328
Last Updated: 9 months ago
Data Source: CRMLS, MLS# PTP2509328
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