248 Violet Avenue
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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 |
|---|---|---|---|
| Aug 29, 2025 | In contract | - | |
| In contract | |||
| Aug 29, 2025 | Sold | ||
| Sold | |||
| Aug 8, 2025 | Listed by Coldwell Banker Realty | $1,489,000 | |
| Listed by Coldwell Banker Realty | |||
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Pool | 5 BR plus Loft | 3 Car garage | Solar| Near Discovery/South Lake| Low fees| Tucked away on a rare double cul-de-sac street, this beautifully appointed 5-bedroom home offers the perfect blend of comfort, style, and location. With one bedroom conveniently located downstairs, each room is generously sized to suit a variety of lifestyles—from multi-generational living to remote work flexibility. The heart of the home features a highly upgraded kitchen with sleek Quartz countertops, newer appliances and neutral flooring that flows throughout. Upstairs, a versatile loft includes a dedicated desk area—ideal for laptops, study sessions, or creative projects. Retreat to the luxurious primary suite, complete with an upgraded bathroom designed for relaxation and rejuvenation. Thoughtful finishes and modern touches elevate the space into a private sanctuary. Step outside to your own backyard oasis, where a sparkling pool and spa await. Unwind by the fire pit or catch the game on the outdoor TV—perfect for entertaining or relaxing after a swim. Energy-efficient features include fully purchased solar, a whole house fan, and a water softener system. Additional highlights include a spacious 3-car garage and proximity to top local amenities and highly rated schools. Located near CSUSM, Kaiser Hospital, Discovery Lake, and South Lake, this home offers access to miles of scenic hiking, biking, and walking trails. Whether you're hosting, relaxing, or exploring the vibrant San Marcos community, this home delivers the lifestyle you've been searching for.
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| Jun 9, 2015 | Sold | ||
| Sold | |||
| Apr 23, 2015 | Listed by La Jolla Finance Corp. | $755,000 | |
| Listed by La Jolla Finance Corp. | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017