$460,000
●
House -
Off Market
4451 Parks Ave
La Mesa, CA 91941
2 Beds
1 Bath
908 Ft²
$696,238
RealtyHop Estimate
51.69%
Since Apr 1, 2020
CA-San Diego
Primary Model
About This Property
Very cute and well maintained 2Br/1BA bungalow on a lot zoned R-4
multiple residence. The covered front porch and archway into dining
room add to the charm of this home. Walk-in-closet in Master
bedroom. Large laundry/storage room off of kitchen. Walking
distance to La Mesa Dale Elementary and La Mesa Arts Academy. Only
a little over a mile to downtown La Mesa Village with quaint shops
and eateries. Neighborhoods: La Mesa Equipment: Dryer,
Shed(s), Washer Other Fees: 0 Sewer: Sewer Connected
Topography: LL
Unit Size
908 Ft²
Days on Market
58 days
Land Size
0.22 acres
Price per sqft
$506
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1925
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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 #200004278)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 30, 2024 | Sold | ||
| Sold | |||
| Oct 5, 2024 | In contract | - | |
| In contract | |||
| Aug 15, 2024 | In contract | - | |
| In contract | |||
| Aug 7, 2024 | Listed by Compass | $795,000 | |
| Listed by Compass | |||
| | |||
|
Striking Redevelopment Opportunity in Coveted La Mesa! This nearly quarter-acre property in the heart of highly sought-after La Mesa presents an exceptional redevelopment or ADU opportunity. Zoned for up to 4-6 units, the expansive 9,742 sq ft lot offers endless possibilities to create a custom multi-unit development or capitalize on the area's booming rental market. Existing 908 sqft residence provides an ideal starting point, brimming with potential. Moments from vibrant Old Town La Mesa, this prime location offers unparalleled convenience, with top schools, world-class shopping, dining, outdoor recreation, and close proximity to the I-8, I-125, and I-94 freeways, allowing for an easy 15-20 minute drive to downtown San Diego and the area's renowned beaches. Whether you envision a stylish multi-unit community or the opportunity to create your own custom ADU oasis, don't miss your chance to transform this exceptional La Mesa property into your next big venture.
| |||
| Mar 24, 2020 | Sold | ||
| Sold | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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ft²
Price/ft²
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Closing Price
Sold On
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HOA + Taxes
About La Mesa
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Listed by: Jeanne Koopman, Coldwell Banker West
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 200004278
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 200004278
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