$640,000
●
House -
Off Market
616 Spruce
Imperial Beach, CA 91932
3 Beds
2 Baths
1,402 Ft²
$1,099,522
RealtyHop Estimate
67.89%
Since Dec 1, 2017
CA-San Diego
Primary Model
About This Property
Amazing Imperial Beach remodel close to the beach. Less then a mile
to the beach, this fully renovated 3 bed, 2 bath home on a spacious
lot is ready to move in. All new everything, new roof, new
landscaping, new paint, new flooring, new counters, new cabinets,
new appliances, remodeled designer bathrooms, the list goes on.
Large master bedroom leading out to the spacious backyard is the
showcase of this home. Great value close to the beach. Be ready to
make memories in this gorgeous home Neighborhoods: Imperial Beach
Equipment: Garage Door Opener Other Fees: 0 Sewer: Sewer
Connected Topography: LL
Unit Size
1,402 Ft²
Days on Market
36 days
Land Size
-
Price per sqft
$467
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1948
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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 #170050547)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 2, 2017 | Sold | ||
| Sold | |||
| Sep 27, 2017 | Listed by Premier West Realty | $654,900 | |
| Listed by Premier West Realty | |||
| Mar 27, 2017 | Sold | ||
| Sold | |||
| Mar 13, 2017 | Listed by Suder Realty Inc. | $475,000 | |
| Listed by Suder Realty Inc. | |||
| | |||
|
This 3 bedroom, 2 bathroom house has a one car garage and is within walking distance to the beach (0.7 mile). It is original 1942 and needs a complete remodeling. The original structure had 2 bedrooms and one bath and a large master bedroom and second bathroom was added. Covered patio areas likely need to be removed. Great for investor, rehabber, or contractor with cash. Neighborhoods: South Bay Equipment: Range/Oven Other Fees: 0 Sewer: Sewer Connected Topography: LL
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
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HOA + Taxes
About Southern San Diego
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Listed by: Matthew Welch, Premier West Realty
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 170050547
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 170050547
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