$3,754,236
●
House -
Off Market
351 Mesa Way
La Jolla, CA 92037
4 Beds
3 Baths
2,829 Ft²
$19,140
Est. Monthly
About This Property
Seller shall entertain offers between $3,700,000-$3,898,000.
Stunning coastal retreat, nestled in renowned Lower Hermosa where
coveted seaside access to beach sands grace the beachside
neighborhood. The recently remodeled, contemporized ranch home is
set behind a pair of extra-wide pivot doors - the all-glass front
door posed at the end of a dramatic glass corridor – designed to
maximize privacy. High-volume ceilings with open trusses atop
an open floor plan, punctuated by glass doors throughout, show off
its everything: grand living room with Western doors,
spacious dining area anchored by a large stone-surround fireplace,
the open kitchen centered around a quartz waterfall island with
Viking gas range, double ovens & subzero fridge that complete the
chef's kitchen, the abundant outdoor foliage. Trussed ceilings and
glass doors continue to primary bedroom & cherished spaces,
extending "home" to a gracefully landscaped yard, displaying
nature's reverence and La Jolla's boast: her coastal climate.
Unit Size
2,829 Ft²
Days on Market
100 days
Land Size
0.22 acres
Price per sqft
$1,378
Property Type
House
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: 11 months ago (SDMLS #230021386SD)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 8, 2024 | Sold | ||
| Sold | |||
| Oct 30, 2023 | Listed by Billionaires Row | $3,898,000 | |
| Listed by Billionaires Row | |||
Property Highlights
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 Northern San Diego
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Listed by: Gregg Whitney, Billionaires Row
Last Updated: 11 months ago
Data Source: CRMLS, MLS# 230021386SD
Last Updated: 11 months ago
Data Source: CRMLS, MLS# 230021386SD
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