$500,000
●
Land -
Off Market
3434 La Mirada Drive
San Marcos, CA 92078
Studio
0 Bath
$1,016,345
RealtyHop Estimate
84.82%
Since Mar 1, 2015
National-US
Primary Model
About This Property
Variance granted MLS 140036884. Developer's Dream....Views to the
ocean on a clear day from this 1.66 Acre property at the top of the
hill overlooking Sunset Park. 672 SF single family 2br/1ba home.
Single car garage with laundry. Highest and best use for property
may be to build a large custom single family home, develop it for
up to 3 single family homes, or whatever a developer would like.
Current zoning would allow for 4 horses, and depending on the slope
of an anticipated project, it may be possible to subdivide for 3
homes. Neighborhoods: San Marcos/Las Posas Other Fees: 0
Sewer: Septic Installed
Unit Size
-
Days on Market
232 days
Land Size
1.66 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1947
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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 #140046046)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 24, 2015 | Sold | ||
| Sold | |||
| Jul 7, 2014 | Listed by Coldwell Banker Res Brokerage | $549,900 | |
| Listed by Coldwell Banker Res Brokerage | |||
 | |||
|
Variance granted for MLS 140046046. Developer's Dream. Views to the ocean on a clear day from this 1.66 Acre property at the top of the hill overlooking Sunset Park. 672 ESF single family 2br/1ba home. Single car garage w/laundry. Highest & best use for property may be to build a large custom single family home, develop it for up to 3 single family homes, or whatever a developer would like. Neighborhoods: San Marcos/Las Posas Equipment: Garage Door Opener, Range/Oven, Shed(s) Other Fees: 0 Sewer: Septic Installed Topography: GSL
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
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HOA + Taxes
About San Marcos
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Listed by: Candis Kolb, Coldwell Banker Res Brokerage
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 140046046
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 140046046
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