2308 Sumac Dr
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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 |
|---|---|---|---|
| May 28, 2025 | Sold | ||
| Sold | |||
| Mar 31, 2025 | Listed by Capital Market Realty | $660,000 | |
| Listed by Capital Market Realty | |||
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Welcome to 2308 Sumac Dr, a charming and thoughtfully updated home located in the heart of San Diego. This 2-bedroom, 1-bath residence offers a blend of comfort, style, and potential. Step inside to find fresh interior paint, beautifully finished wood floors, and expansive windows that fill the space with natural light. The fully fenced front and back yards provide privacy and a sense of retreat, with the expansive backyard opening to a peaceful grassy greenbelt offering a rare sense of openness and tranquility. NO HOA & Zoned R-2, the property offers exceptional potential with room for two ADUs, making it a great option for multi-generational living or added rental income. The lot is spacious and usable; ideal for outdoor living, gardening, or future expansion. Enjoy the comfort of air conditioning, the convenience of included appliances (washer, dryer, stove, and fridge), and a location that puts you just minutes from shopping, dining, parks, and easy freeway access. Whether you're a first-time buyer or investor, this home is an excellent opportunity in a quiet, up-and-coming neighborhood. Plans drawn for the addition of 2 Accessory Dwelling Units (ADUs). Great opportunity for added value and rental income. Construction may be financed as part of the purchase. Please contact the listing agent for more information.
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| Feb 12, 2020 | Sold | ||
| Sold | |||
| Dec 2, 2019 | Listed by Realty Source, Inc. | $435,000 | |
| Listed by Realty Source, Inc. | |||
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Don't miss this move in ready 2 bed 1 bath house that is close to all SD has to offer! This home features open kitchen, bar seating, quartz counters, SS appliances, all wood cabinets, designer tile, dual pained windows, central AC, and new roof. The large front patio and covered parking, complement the extra large lot with shed which backs up to the Hollywood Park greenbelt, and has room for the backyard of your dreams, or an accessory dwelling unit. The possibilities are endless. Neighborhoods: Hollywood Park Equipment: Shed(s) Other Fees: 0 Sewer: Sewer Connected Topography: LL,RSLP,GSL
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| Feb 4, 2019 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017