$408,000
●
House -
Off Market
1655 Elroy Dr.
Lemon Grove, CA 91945
3 Beds
1 Bath
1,044 Ft²
$625,809
RealtyHop Estimate
56.49%
Since Jan 1, 2020
CA-San Diego
Primary Model
About This Property
Great home in Lemon Grove and Perfect for the 1st Time Buyer
looking to build some Sweat Equity! Try an FHA 203K loan or
paint this canvas as you wish! Quite location in the heart of
Lemon Grove with a large lot, huge covered patio at the back and
several fruit trees. If you're looking for a great starter
home, this is the one! The bones are great, it could just use
some love and it's priced right, so don't wait on this one!
Neighborhoods: Monterey Heights Equipment: Range/Oven Other
Fees: 0 Sewer: Sewer Connected Topography: LL
Unit Size
1,044 Ft²
Days on Market
37 days
Land Size
0.17 acres
Price per sqft
$383
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1947
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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 #190058952)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 15, 2021 | No longer available | - | |
| No longer available | |||
| Oct 29, 2021 | In contract | - | |
| In contract | |||
| Oct 4, 2021 | Listed by Coldwell Banker West | $635,000 | |
| Listed by Coldwell Banker West | |||
| | |||
|
Upgraded Charming Craftsman Home. Nestle on a prime lot, this 3 Bedroom property features: Easy to maintain laminated wood floors, abundant natural light, remodeled kitchen with modern quartz counter tops and stainless steel appliances, bonus room perfect to work from home, remodel bathroom and powerful AC. In addition this property has potential RV parking, large concrete slab in back yard, fruit trees and endless opportunities to do home expansions, build an ADU or turn this backyard into your own oasis. Located within 20 mins from Downtown San Diego & International airport. This property is a must see and will not last. 3D tour available. The manager has listed the unit size as 1044 square feet.
| |||
| Dec 5, 2019 | Sold | ||
| Sold | |||
| Oct 29, 2019 | Listed by Coldwell Banker West | $399,900 | |
| Listed by Coldwell Banker West | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Lemon Grove
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Listed by: Erik Weichelt, Coldwell Banker West
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 190058952
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 190058952
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