$1,820,000
●
House -
Off Market
5911 Folsom Drive
La Jolla, CA 92037
4 Beds
3 Baths
2,400 Ft²
$3,059,223
RealtyHop Estimate
56.88%
Since Jul 1, 2019
CA-San Diego
Primary Model
About This Property
Offering the one-two punch of intoxicating, panoramic ocean views
(see waves breaking & white-water views from all major rooms &
deck) plus quintessence Mid-Century Modern design by noted La Jolla
Architect/Fine Artist Russell Forester (his work has appeared in NY
& LA art galleries & Guggenheim Museum), this 1963 Upper Hermosa
slice of history also features separate studio apt (Br/Ba) w/ocean
views & 'Brandy & Cigars' great room with wood-burning fireplace.
Short walk to Bird Rock's shops & restaurants. Neighborhoods: La
Jolla/Upper Hermosa Equipment: Dryer, Range/Oven, Washer
Other Fees: 0 Sewer: Sewer Connected Topography: ,LL Guest
House Est. SQFT: 264
Unit Size
2,400 Ft²
Days on Market
155 days
Land Size
0.25 acres
Price per sqft
$813
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1963
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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: 5 months ago (SDMLS #190004401)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 26, 2019 | Sold | ||
| Sold | |||
| Jan 22, 2019 | Listed by Pacific Sotheby's Int'l Realty | $1,950,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
| Dec 5, 2013 | Sold | ||
| Sold | |||
| Sep 23, 2013 | Listed by Berkshire Hathaway HomeService | $1,850,000 | |
| Listed by Berkshire Hathaway HomeService | |||
| | |||
|
Original owner Russell Forester gem with huge ocean views on private elevated location in Upper Hermosa. Mills act potential. Some additions/modifications including attached studio below and richly finished "New Hampshire" room set against natural open space in back. Much of the heavy lifting has been completed with all new forced heat/air and plumbing. Bring your mid-century modern buyer who want to restore and upgrade this historic gem in one of La Jolla's most sought after neighborhoods. Neighborhoods: Upper Hermosa Equipment: Range/Oven Other Fees: 0 Sewer: Sewer Connected Topography: ,SSLP Guest House Est. SQFT: 450
| |||
Property Highlights
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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HOA + Taxes
About Northern San Diego
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Listed by: Laura Lothian, Pacific Sotheby's Int'l Realty
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 190004401
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 190004401
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