1
Map
$505,000
●
House -
Off Market
1640 Palomarcos Ave
San Marcos, CA 92069
3 Beds
2 Baths
1,101 Ft²
$662,245
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model
About This Property
Location! Location! Location! Single level home on an elevated
corner lot close to Palomar College, Hwy 78, shopping, restaurants
& San Marcos Abeja Loop Trail which makes enjoying the great
outdoors close at hand. Home features a cement circular driveway,
mature landscaping & covered patio overlooking a good sized
backyard. LR slider has direct access to patio & backyard. The
kitchen also has a door to the patio & yard - great for
entertaining. Appliances convey without warranty. Review Documents.
More information on the Abeja Loop Trail. The Home is located
almost at the end of Palomarcos Ave. Walk out the front door and
make the short walk to where Palomarcos Ave dead ends. The access
to the hiking trail is right there! Beautiful views from the trail.
Garage has extra non-built-in storage cabinets..
Neighborhoods: Rexford Vistas Unit 1 Equipment:
Dryer,Garage Door Opener, Shed(s), Washer Other Fees: 0
Sewer: Public Sewer Topography: LL
Unit Size
1,101 Ft²
Days on Market
34 days
Land Size
0.16 acres
Price per sqft
$445
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1960
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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: 5 months ago (SDMLS #200036088)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 2, 2020 | Sold | ||
| Sold | |||
| Jul 23, 2020 | Listed by Taylor Place Real Estate | $489,900 | |
| Listed by Taylor Place Real Estate | |||
Property Highlights
Garage
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
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Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About San Marcos
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Listed by: Katie Taylor, Taylor Place Real Estate
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 200036088
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 200036088
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