$950,000
●
House -
Off Market
1551 Olivet Lane
La Jolla, CA 92037
2 Beds
2 Baths
1,008 Ft²
$1,588,663
RealtyHop Estimate
59.03%
Since May 1, 2019
CA-San Diego
Primary Model
About This Property
Super cool, unique canyon setting with some ocean view! Endless
possibilities in this secluded and tranquil site surrounded by
multi-million dollar homes. Wonderfully located within walking
distance to La Jolla Cove, boutique shops, galleries, fine dining
and casual eateries. The interior has been taken down to the
studs. Two sets of plans are available, both have expired. Great
development opportunity at a great price! Bring your buyers,
investors, builders and ideas!! Truly unique and terrific
opportunity to create a very magical home. No other property is
quite like this!! Bring your creative buyers, ideas and design a
home like no other. The setting is tranquil; it's like living
in your own jungle away from the hustle and bustle yet only blocks
away from beautiful, downtown La Jolla.. Neighborhoods:
Village Other Fees: 0 Sewer: Sewer Connected
Unit Size
1,008 Ft²
Days on Market
88 days
Land Size
0.25 acres
Price per sqft
$991
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1992
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Cap Rate Calculator
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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 #190001443)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 5, 2019 | Sold | ||
| Sold | |||
| Jan 7, 2019 | Listed by Coldwell Banker West | $999,000 | |
| Listed by Coldwell Banker West | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| May 14, 2018 | Listed | $999,000 | |
| Listed | |||
| | |||
|
LIVE AUCTION. Bidding to start $999,000. CALL LA 619-823-2120. OFFER NOW & STOP AUCTION. Finish the remodel. Plans available, ready for someone to take over and finish. OPPORTUNITY KNOCKS for this writers retreat near the village of la jolla with OCEAN VIEWS. Currently a 2bd 1bath home with Plans to remodel and expand to a 3 and 4 bedroom home. Great opportunity in La Jolla. DON'T MISS OUT! SEE VIDEO EASY TO REGISTER https://youtu.be/ffJsGYcViVQ The manager has listed the unit size as 1008 square feet.
| |||
Property Highlights
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
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Northern San Diego
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Rosalie Rodriguez, Coldwell Banker West
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190001443
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190001443
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