$1,075,000
●
House -
Off Market
2597 Melbourne Dr
San Diego, CA 92123
3 Beds
2 Baths
1,200 Ft²
$5,544
Est. Monthly
About This Property
Welcome to your family's next chapter! This inviting home is
designed with comfort, convenience, and togetherness in mind. With
a spacious open floor plan, including 3 bedrooms, a beautiful
fireplace, and a flexible layout, there's room for everyone to
spread out while still enjoying time together. The heart of the
home is the updated kitchen with gas cooking top, built-in
microwave and granite counters. This kitchen is perfect for
weeknight dinners, weekend baking projects, or gathering with
friends and family. Step outside and you'll find a generous
backyard with a recently resurfaced sparkling pool-- ideal for kids
to play, family barbecues, or even adding a playset or garden.
Whether it's hosting birthday parties or enjoying quiet evenings
under the stars, this outdoor space is sure to become a favorite
hangout. Did I mention fully paid off solar!!!! Located in a
friendly neighborhood close to parks, great schools, and everyday
conveniences, this home makes family living easy. From morning
walks to after-school activities, everything you need is right
nearby.
Unit Size
1,200 Ft²
Days on Market
102 days
Land Size
0.15 acres
Price per sqft
$941
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1959
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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: 10 months ago (SDMLS #250038670SD)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 22, 2025 | Sold | ||
| Sold | |||
| Nov 28, 2025 | In contract | - | |
| In contract | |||
| Nov 13, 2025 | Price Decreased |
$1,129,000
↓ $21K
(1.8%) | |
| Price Decreased | |||
| Oct 18, 2025 | Price Decreased |
$1,149,999
↓ $20K
(1.7%) | |
| Price Decreased | |||
| Oct 1, 2025 | Price Decreased |
$1,170,000
↓ $30K
(2.5%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Eastern San Diego
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Listed by: Louis Goletto, Palisade Realty Inc
Last Updated: 10 months ago
Data Source: CRMLS, MLS# 250038670SD
Last Updated: 10 months ago
Data Source: CRMLS, MLS# 250038670SD
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