$795,000
●
House -
Off Market
338 S Melrose Dr
Vista, CA 92081
6 Beds
4 Baths
2,826 Ft²
$1,172,506
RealtyHop Estimate
46.56%
Since Oct 1, 2019
National-US
Primary Model
About This Property
Great views, private & peaceful. So much potential. SFR,
Sub-divide, Multi family, Agricultural, Office/Profession building.
Parcel 166-250-16-00 included w/sale. Combining just under 2 acres
of flat usable land. This home in its current configuration has 3
self-contained units. Main floor is the bulk of the sq'. 2 bedrooms
w/huge bonus/bedroom, 2 full baths, new kitchen. Unit down is a 1/1
w/kitchenette, w/d hookups, private entrance. Unit up is a
loft/studio w/full kitchenette, bath, & private entrance. New
duel pain windows, paint, appliances. Full central ac spits
throughout the property. Separate laundry with 2 sets of w/d, and
its own entrance. Home currently hooked to Electric, water & sewer.
Nat gas hook ups are available and accessible from the bottom of
the driveway.. Neighborhoods: oceanside Equipment:
Dryer, Satellite Dish, Shed(s), Washer Other Fees: 0 Sewer:
Sewer Connected Topography: LL,GSL
Unit Size
2,826 Ft²
Days on Market
61 days
Land Size
1.31 acres
Price per sqft
$283
Property Type
House
Property Taxes
-
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Cap Rate Calculator
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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 (SDMLS #190038785)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 12, 2019 | Sold | ||
| Sold | |||
| Jul 13, 2019 | Listed by Professional Realty Services | $800,000 | |
| Listed by Professional Realty Services | |||
Property Highlights
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
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Listed On
Listed On
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Sold On
Sold On
HOA + Taxes
About Vista
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Currently no similar homes aroundNearby Rentals
Listed by: Patrick Etheridge, Professional Realty Services
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 190038785
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 190038785
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