Listed by: Essig & Associates, Vine Property Group, Inc.
$229,000
●
House -
Off Market
51400 Avenida Martinez
La Quinta, CA 92253
3 Beds
2 Baths
1,680 Ft²
$426,238
RealtyHop Estimate
86.13%
Since Oct 1, 2014
National-US
Primary Model
About This Property
This is a great buy on an upgraded home near La Quinta Village
Park, within walking distance to all of the shopping and dining in
charming Old Town La Quinta, plus near hiking and biking trails!
Kitchen has dark rich cabinets with paned glass front doors, slab
granite counters, stainless appliances and breakfast bar with
pendant lighting, plus room for a dining table to share meals with
friends and family in style. Gleaming white marble floors and white
walls offer a blank canvas for you to create the ambiance of your
dreams. Living room is light and bright, with fireplace. Master
bedroom has bath with shower and French doors to grassy yard.
Bedrooms 2 and 3 share the hall bath. The landscaping has been
recently enhanced and offers a gorgeous tree for a tree swing, if
you want one, with lots of shade in front. Mountain Views from the
grassy lawn offers space to relax in the privacy of your backyard,
with side gates to contain pets if that's a priority for you. 2 Car
attached garage.
Unit Size
1,680 Ft²
Days on Market
40 days
Land Size
0.11 acres
Price per sqft
$136
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1978
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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 #214030923DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 24, 2014 | Sold | ||
| Sold | |||
| Aug 15, 2014 | Listed by Vine Property Group, Inc. | $229,000 | |
| Listed by Vine Property Group, Inc. | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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HOA + Taxes
About Santa Carmelita at Vale La Quinta
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Listed by: Essig & Associates, Vine Property Group, Inc.
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 214030923DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 214030923DA
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