Listed by: Cindy Stevenson, RE/MAX Consultants
$222,000
●
House -
Off Market
54060 Avenida Herrera
La Quinta, CA 92253
3 Beds
2 Baths
1,675 Ft²
$382,437
RealtyHop Estimate
72.27%
Since May 1, 2016
National-US
Primary Model
About This Property
Back on Market after Seller Renovations! Home is Move-In Ready and
is the perfect Starter Home Investment Opportunity! Located just a
few blocks from the walking trails on an attractive and quiet
street high in La Quinta Cove, this home has just been painted
throughout, flooring refinished, several doors replaced including
front door, and deep cleaned, among other changes. Special features
of this 1675 S/F, 3-Bedroom, 2-Bath home include a Wood-Burning
Fireplace, Vaulted Wood-Beamed Ceilings, Saltillo Tile Flooring,
tons of Storage Space, plus more. Owner recently invested $15K
replacing all galvanized plumbing with copper tubing. Guest Bedroom
windows are Boxed allowing for cozy window seating and a Garden
Window in the Kitchen adds light for plants. Room in front or back
to build a pool/spa. 1.5 miles to Old Town with great restaurants
and wine tasting.
Unit Size
1,675 Ft²
Days on Market
114 days
Land Size
0.11 acres
Price per sqft
$133
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1986
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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: 3 years ago (CRMLS #216000367DA)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 28, 2016 | Sold | ||
| Sold | |||
| Jan 4, 2016 | Listed by RE/MAX Consultants | $222,000 | |
| Listed by RE/MAX Consultants | |||
Property Highlights
Air Conditioning
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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ft²
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Listed On
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Sold On
Sold On
HOA + Taxes
About Santa Carmelita at Vale La Quinta
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Listed by: Cindy Stevenson, RE/MAX Consultants
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 216000367DA
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 216000367DA
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