$545,000
●
House -
Off Market
4670 Parks Ave
La Mesa, CA 91942
3 Beds
2 Baths
1,628 Ft²
$940,730
RealtyHop Estimate
68.29%
Since Nov 1, 2017
CA-San Diego
Primary Model
About This Property
Opportunity knocks with this spacious La Mesa home which boasts a
guest house with a screened in living area. This 3 bedroom, 2 bath
home sits on a huge 1/3 acre lot with plenty of room for storage,
boats or an RV. The main house is outfitted with new flooring,
remodeled bathrooms & a cozy fireplace in the living room. The
permitted studio guest home with bathroom could be used as a granny
flat or for rental income. This rarely available property sits
close to La Mesa's downtown shops, restaurants & bars!
Neighborhoods: La Mesa Equipment: Dryer, Range/Oven, Washer
Other Fees: 0 Sewer: Sewer Connected Topography: LL Guest
House Est. SQFT: 280
Unit Size
1,628 Ft²
Days on Market
57 days
Land Size
0.30 acres
Price per sqft
$343
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1990
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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 #170044306)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Aug 5, 2020 | In contract | - | |
| In contract | |||
| Jul 30, 2020 | Listed | $749,990 | |
| Listed | |||
| | |||
|
Desirable home with a spacious floorplan features updates throughout including a new roof, laminate wood flooring, recessed lighting, custom paint, central A/C, and a separate income-generating ADU! The updated kitchen features beautiful quartz countertops with bar seating, white cabinetry, stainless steel appliances, and overlooks the formal dining area. The large living room has a center fireplace and lots of windows that let in an abundance of natural light. The manager has listed the unit size as 1908 square feet.
| |||
| Jul 3, 2020 | In contract | - | |
| In contract | |||
| May 2, 2020 | No longer available | - | |
| No longer available | |||
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Property Highlights
Parking Available
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About La Mesa
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Listed by: David Rose, Dream Makers Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 170044306
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 170044306
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