$525,000
●
House -
Off Market
53555 Avenida Rubio
La Quinta, CA 92253
4 Beds
2 Baths
2,048 Ft²
$2,947
Est. Monthly
About This Property
Rare opportunity awaits on Avenida Rubio in the historical La
Quinta Cove! This spacious 4 bed, 2 bath home features 2048
sq ft of living space cleverly designed as a duplex with two
separate living quarters - ideal for generating income or enjoying
as a primary residence. Nestled against the stunning backdrop of
mountain views and boasting Santa Fe style architecture, this
historical gem is located in the charming old town district of La
Quinta. Enjoy modern comforts with central AC and heat, while
envisioning your own personal touches to update this unique
property being sold as is. Calling all contractors for this special
opportunity! Take in the scenery from the balcony overlooking
expansive mountain views, and park with ease in the 2 car garage.
The lower unit dazzles with tiled flooring and an upgraded
kitchen featuring top-of-the-line appliances. Don't miss out
on this one-of-a-kind property with endless potential! Room
for a swimming pool and spa.
Unit Size
2,048 Ft²
Days on Market
81 days
Land Size
0.11 acres
Price per sqft
$293
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1979
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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 #219105993DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 17, 2024 | Sold | ||
| Sold | |||
| Jan 27, 2024 | Listed by HomeSmart | $600,000 | |
| Listed by HomeSmart | |||
| | |||
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Rare opportunity awaits on Avenida Rubio in the historical La Quinta Cove! This spacious 4 bed, 2 bath home features 2048 sq ft of living space cleverly designed as a duplex with two separate living quarters - ideal for generating income or enjoying as a primary residence. Nestled against the stunning backdrop of mountain views and boasting Santa Fe style architecture, this historical gem is located in the charming old town district of La Quinta. Enjoy modern comforts with central AC and heat, while envisioning your own personal touches to update this unique property being sold as is. Calling all contractors for this special opportunity! Take in the scenery from the balcony overlooking expansive mountain views, and park with ease in the 2 car garage. The lower unit dazzles with tiled flooring and an upgraded kitchen featuring top-of-the-line appliances. Don't miss out on this one-of-a-kind property with endless potential! Room for a swimming pool and spa.
| |||
Property Highlights
Garage
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Santa Carmelita at Vale La Quinta
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Listed by: Michael Valerio, HomeSmart
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219105993DA
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 219105993DA
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