Listed by: DONALD KEARNEY, ALTA REALTY GROUP CA, INC
$620,000
●
House -
Off Market
6824 Capistrano Way
Riverside, CA 92504
3 Beds
2 Baths
1,566 Ft²
$3,118
Est. Monthly
About This Property
Charming remodeled cottage POOL HOME! 3Bed + bonus room(could be a
4th bedroom, just no closet). The new 30-year dimensional shingle
roof is only 10 years old. The kitchen was completely new 10 years
ago, including new cabinets, granite counters, a stainless single
basin sink with/a new faucet and disposal, and an appliance stove
(to be installed at COE). The pool remodel, including new plaster
and new tile, was 10 years ago. All new 10-year-old dual-paned
windows. All new paint in/out. New outlets and switches. 10 years
ago 18-inch tile floors in kitchen, main bath. The home does have a
hole house fan to get any hot air out of the home during the
summer-stunning hardwood floors (believed to be original hardwood
floors). HVAC is 1 year old with all new ducting. The water heater
is 7 years old. Stunning fireplace in the large living room. Indoor
laundry room. A sectional garage door is 10 years old.
Unit Size
1,566 Ft²
Days on Market
83 days
Land Size
0.18 acres
Price per sqft
$405
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: 2 years ago (CRMLS #IV24170907)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 14, 2024 | Sold | ||
| Sold | |||
| Oct 12, 2024 | In contract | - | |
| In contract | |||
| Oct 7, 2024 | Relisted | $634,900 | |
| Relisted | |||
| Oct 5, 2024 | No longer available | - | |
| No longer available | |||
| Sep 28, 2024 | In contract | - | |
| In contract | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Type
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Baths
ft²
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HOA + Taxes
About Magnolia Center
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Listed by: DONALD KEARNEY, ALTA REALTY GROUP CA, INC
Last Updated: 2 years ago
Data Source: CRMLS, MLS# IV24170907
Last Updated: 2 years ago
Data Source: CRMLS, MLS# IV24170907
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