$499,000
●
House -
Off Market
2525 Arcadia Avenue
Lemon Grove, CA 91945
3 Beds
2 Baths
1,223 Ft²
$793,536
RealtyHop Estimate
59.03%
Since May 1, 2019
CA-San Diego
Primary Model
About This Property
This Spanish-style gem offers 3 bedrooms, 2 baths, privacy to
relax, entertain, play or work. Home sits on oversized lot with
multiple outdoor areas, RV parking, workshop and 4 car garage with
plenty of parking outside of home. Orange, grapefruit, lemon,
apple, cherry & peach trees along with raised garden beds are
throughout property. Plumbing, electrical and gas have all been
updated.. Neighborhoods: Lemon Grove Equipment: Shed(s)
Other Fees: 0 Sewer: Sewer Connected
Unit Size
1,223 Ft²
Days on Market
42 days
Land Size
0.32 acres
Price per sqft
$408
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1932
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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 #190014533)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 29, 2019 | Sold | ||
| Sold | |||
| Mar 18, 2019 | Listed by Big Block Realty, Inc | $499,000 | |
| Listed by Big Block Realty, Inc | |||
| Apr 28, 2016 | Sold | ||
| Sold | |||
| Mar 9, 2016 | Listed by RE/MAX Pacific | $424,999 | |
| Listed by RE/MAX Pacific | |||
| | |||
|
A truly rare opportunity! Classic spanish style home on beautiful & private property (multiple outdoor areas to relax, entertain, play, or work on projects). Updated tastefully while meticulously maintaining the integrity of the the spanish style charm. 4 car garage (2 tandem spaces) and a huge workshop (not included in square footage). There are views from all over the property and from within the home. Great location; central and private. Plumbing, electrical, and gas have all been updated. Neighborhoods: Lemon Grove Equipment: Range/Oven Other Fees: 0 Sewer: Sewer Connected Topography: LL
| |||
Property Highlights
Parking Available
Fireplace
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: Jennifer Rierson, Big Block Realty, Inc
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190014533
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190014533
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