Listed by: Terri Pontzious, Willis Allen Real Estate
$670,000
●
House -
Off Market
5119 Olvera Avenue
San Diego, CA 92114
3 Beds
1 Bath
1,040 Ft²
$3,339
Est. Monthly
About This Property
Priced to sell BELOW appraisal! Will consider FHA and VA offers and
what an incredible opportunity! This charming home is just waiting
for its new owner to move in and enjoy. It has solid bones, and the
best part? The solar system is owned! The owner has taken great
care of this home, with recent updates like a new HVAC system,
water heater, fresh exterior stucco, and more. The living room is
filled with natural light and has convenient access to the
backyard, making it perfect for relaxing or entertaining. There's
also gated access to the garage from the alley behind the house.
And with the potential for an ADU? That's up to you to explore!
Plus, it's super close to public transportation for easy commuting.
Unit Size
1,040 Ft²
Days on Market
84 days
Land Size
0.14 acres
Price per sqft
$654
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1950
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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: 2 years ago (CRMLS #PTP2405335)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 26, 2024 | Sold | ||
| Sold | |||
| Oct 12, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $680,000 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Sep 3, 2024 | Listed by Willis Allen Real Estate | $685,000 | |
| Listed by Willis Allen Real Estate | |||
Property Highlights
Air Conditioning
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 Southeastern San Diego
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Listed by: Terri Pontzious, Willis Allen Real Estate
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PTP2405335
Last Updated: 2 years ago
Data Source: CRMLS, MLS# PTP2405335
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