$355,000
●
House -
Off Market
4911 Glen
La Mesa, CA 91941
1 Bed
1 Bath
570 Ft²
$595,896
RealtyHop Estimate
61.27%
Since Mar 1, 2019
CA-San Diego
Primary Model
About This Property
A blank canvas with plans to build an affordable home to live in.
Seller indicates that plans are 3+ weeks from being approved
by city of La Mesa. This home sits on a great corner lot with
tons of potential for the right buyer with some vision.
Neighborhoods: La Mesa Other Fees: 0 Sewer: Sewer Available
Topography: LL
Unit Size
570 Ft²
Days on Market
290 days
Land Size
-
Price per sqft
$648
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1921
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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 #190005129)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 25, 2020 | No longer available | - | |
| No longer available | |||
| Jun 16, 2020 | Relisted | $385,000 | |
| Relisted | |||
| Jun 5, 2020 | No longer available | - | |
| No longer available | |||
| May 22, 2020 | Price Increased |
$375,000
↑ $26K
(7.5%) | |
| Price Increased | |||
| May 4, 2020 | Listed | $349,000 | |
| Listed | |||
| | |||
|
Outstanding La Mesa investment opportunity! 1 bedroom, 1 bath Craftsman home with detached garage, located on prime corner lot. An ideal blank slate waiting for you to bring your vision to life. Don't miss out! Drive-by only. No possibility for showings. Access granted solely upon accepted cash offer. The manager has listed the unit size as 570 square feet.
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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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Type
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ft²
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About La Mesa
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Listed by: Anthony Dileva, Anthony Dileva
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190005129
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190005129
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