1522 Elevation Dr
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 12, 2025 | Sold | ||
| Sold | |||
| Oct 14, 2025 | In contract | - | |
| In contract | |||
| Oct 10, 2025 | Price Decreased |
$1,875,000
↓ $60K
(3.1%) | |
| Price Decreased | |||
| Sep 16, 2025 | Price Decreased |
$1,935,000
↓ $60K
(3%) | |
| Price Decreased | |||
| Jul 30, 2025 | Listed by Coldwell Banker West | $1,995,000 | |
| Listed by Coldwell Banker West | |||
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Value Range: seller will consider offers between $1,775,000 and $1,875,000. Seller added approx $150,000 in upgrades after buying this rebuilt, fully renovated home including: Fully owned solar (2021), upgraded kitchen appliances (2022), hot tub (2022), custom window coverings (2021), electric shade in primary (2022), rain gutters (2021), Rayne water softener (2022), mini-split AC in primary (2022), new turf front and back with additional fencing (2022), custom closets in primary (2023), upgraded lighting (2022). High atop a hill in San Diego's Bay Park, this beautifully rebuilt 2020 Craftsman home has views of Mission Bay, SeaWorld, the Pacific Ocean, and San Diego sunsets. The 2017 sq ft two-story residence offers 3 bedrooms plus an optional 4th bedroom/office, and 3.5 baths. The open, light-filled floor plan has quality finishes, luxury flooring, plush carpet, and custom window coverings throughout. The spacious living room has a cozy fireplace, while chef’s kitchen features a large island, 5-burner gas range, upgraded stainless steel appliances, quartz countertops and custom cabinetry. Several decks and a large backyard bring the outside in. 1st floor has 2 bedrooms, powder room and full bath, providing flexibility for guests and loved ones. Upstairs, the primary suite offers a private balcony with panoramic vistas, electric room-darkening shade, custom closets, and a spa-like bath with an oval soaking tub and large step-in shower, plus optional 4th bedroom/office with ensuite full bathroom. Additional highlights: oversized one-car garage with a 220v EV outlet, artificial turf front and back, paid solar, hot tub and a water softener to protect your appliances (refrigerator, washer and dryer convey with sale). Fully fenced lot is one of the largest in area. The Overlook Heights neighborhood of Bay Park offers special access to USD plus incredible views and convenience to the 5 and 8 freeways, Sea World, Little Italy, Old Town, Aquatic Mission Bay Park and the natural beauty of Tecolote Canyon.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017