307 Wilshire Road
About This Property
The property is approximately 7 miles east of Oceanside Harbor and enjoys the cool breeze coming off the Pacific Ocean on a regular and frequent basis. This also provides an easy access to Interstate 5 for those who must travel to either San Diego or Orange County as well as access to major shopping centers and convenience stores.
The existing "Barn" offers additional possibilities. From the basis of additional construction of a new home, an ADU or a school house for a "Farm School" all are possibility's.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 25, 2024 | Sold | ||
| Sold | |||
| Aug 31, 2024 | In contract | - | |
| In contract | |||
| Aug 23, 2024 | Listed by Joseph Mercurio Real Estate | $850,000 | |
| Listed by Joseph Mercurio Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017