$440,000
●
House -
Off Market
5530 Marengo Ave
La Mesa, CA 91942
3 Beds
2 Baths
1,440 Ft²
$894,738
RealtyHop Estimate
102.02%
Since Jan 1, 2015
CA-San Diego
Primary Model
About This Property
Traditional sale. 3 bedroom, 2 bath remodeled single level home on
.33 acre lot. Just completed new interior AND exterior paint, new
flooring, new windows and misc. repairs. Kitchen features new
cabinets, new granite counters and stainless appliances. Baths
feature new vanities with granite counters and tile surrounds.
Other features include fireplace in the living room and deck. Close
to restaurants, Aztec Park and freeway. See supplement for more
info. Neighborhoods: Lake Murray Village Equipment:
Range/Oven Other Fees: 0 Sewer: Sewer Connected
Topography: LL,GSL
Unit Size
1,440 Ft²
Days on Market
51 days
Land Size
0.33 acres
Price per sqft
$308
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1980
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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 #140060679)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 31, 2014 | Sold | ||
| Sold | |||
| Nov 10, 2014 | Listed by Excel Properties | $442,900 | |
| Listed by Excel Properties | |||
| Oct 25, 2013 | Sold | ||
| Sold | |||
| Sep 23, 2013 | Listed by Berkshire Hathaway HomeService | $385,000 | |
| Listed by Berkshire Hathaway HomeService | |||
 | |||
|
Single level 3 bdrm, 2 bath home that needs TLC. Large family room with wood burning fireplace opens out onto a large deck and yard with two useable level areas. Neighborhoods: Lake Murray Village Equipment: Dryer, Range/Oven, Washer Other Fees: 0 Sewer: Sewer Connected Topography: GSL
| |||
Property Highlights
Fireplace
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
Price/ft²
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Listed On
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Sold On
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HOA + Taxes
About La Mesa
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Listed by: Jeff Wagner, Excel Properties
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 140060679
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 140060679
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