$1,625,000
●
House -
Off Market
5831 Folsom Drive
La Jolla, CA 92037
3 Beds
2 Baths
1,395 Ft²
$3,143,155
RealtyHop Estimate
85.44%
Since Apr 1, 2016
CA-San Diego
Primary Model
About This Property
Sip your coffee & check out the surf from this Upper Hermosa, true
VIEW home. Unobstructed, panoramic ocean views abound. Picture
windows & wrap around decks invite you to enjoy the amazing
sunsets. Single level, w/hardwood floors & partial remodel,
including new LED lighting, stainless steel appliances, tankless
water heater, new roof & plumbing lines. Over-sized lot extends up
the terraced hillside for an even more spectacular panorama. Rare
privacy, w/views and easy walk to restaurants,shops & surf.
Neighborhoods: Upper Hermosa Equipment: Garage Door Opener,
Range/Oven Other Fees: 0
Unit Size
1,395 Ft²
Days on Market
41 days
Land Size
0.22 acres
Price per sqft
$1,215
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2017
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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 #160009256)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 5, 2018 | Sold | ||
| Sold | |||
| Jul 24, 2017 | Listed by Pacific Sotheby's Int'l Realty | $3,995,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
| | |||
|
Seller will entertain offers between $3,595,000 and $3,995,000. Just Completed!! July 2017!! This Modern Contemporary residence in Upper Hermosa has incredible "panoramic ocean views" from almost every room. This custom residence totals approximately 4,288 square feet with 5 bedrooms and 5.5 baths with high-end features and finishes throughout. Enjoy indoor/outdoor living with multiple decks and patios, including an approx. 899 square foot roof deck. See Supplement. Neighborhoods: Upper Hermosa Equipment: Garage Door Opener, Range/Oven Other Fees: 0 Sewer: Sewer Connected
| |||
| Mar 23, 2016 | Sold | ||
| Sold | |||
| Feb 11, 2016 | Listed by Berkshire Hathaway HomeService | $1,695,000 | |
| Listed by Berkshire Hathaway HomeService | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Northern San Diego
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Listed by: Michelle Dykstra, Berkshire Hathaway HomeService
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 160009256
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 160009256
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