Listed by: Daniel Melroy, Melroy Investments Inc
$1,825,000
●
House -
Off Market
2578 Soderblom Ave
San Diego, CA 92122
4 Beds
3 Baths
2,054 Ft²
$9,084
Est. Monthly
About This Property
Updated Mid-Century Modern house for sale at the far West end of
University City. This single level 4 Bedroom / 3 Bath home
with an open floor plan is situated on a spacious lot and is ready
for the personal touch of a new owner. The vaulted ceiling
with large wooden beams along with numerous skylights and glass
doors characterize the home's Mid-Century Modern design. The
expansive backyard includes many fruit trees, two work sheds, and a
large patio area well suited for entertaining guests.
Upgrades include a brand new Bryant high efficiency heat
pump, new LG French door refrigerator, 4 new sliding glass patio
doors, new interior solid core doors, new mirror closet doors. and
a brand new Noritz tankless hot water heater. The property
also features CAT5 wiring, 2 work sheds, 2 storage sheds, and an
owned 6.8KW solar system with a SolarEdge Inverter. Seller is
a California real estate licensee and listing agent. Growing
family forces sale.
Unit Size
2,054 Ft²
Days on Market
44 days
Land Size
0.18 acres
Price per sqft
$901
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1962
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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: 2 years ago (CRMLS #240028490SD)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 27, 2025 | Sold | ||
| Sold | |||
| Dec 14, 2024 | Listed by Melroy Investments Inc | $1,850,000 | |
| Listed by Melroy Investments Inc | |||
Property Highlights
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Northern San Diego
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Listed by: Daniel Melroy, Melroy Investments Inc
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 240028490SD
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 240028490SD
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