$769,990
●
House -
Off Market
7046 Geyser Avenue
Reseda, CA 91335
Studio
0 Bath
$1,127,086
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model
About This Property
Great investment opportunity in Reseda to purchase two beautiful
houses on one lot each with their own address and utility meters!
7046 front house recently newly remodeled. 7048 New Accessory
dwelling unit. Rents for both houses should bring in approx. $5400
a month, approx 6.5% cap rate. This is also a great opportunity for
that buyer looking for a cash flow property as well as a property
to live in. 7046- Quint single story 616 sq ft w/ 2 bedrooms and 1
full bathroom, recently remodeled throughout with, laminate
flooring in the family room and kitchen. Kitchen has quartz counter
tops, white shaker cabinets, and stainless steal appliances.
Bathroom has quartz count top and tiled floor. New exterior paint
and laundry hook ups. 7048-New 2019 built (ADU), 2 story 1200 sq ft
w/ 3 bedrooms, 2.5 bathrooms w/ attached 2 car garage. Family room
that opens to the Kitchen with quartz counter tops, white shaker
cabinets, and stainless steal appliances.Bathrooms have quartz
count top, tiled floor,tiled shower/tub. Laminate floors
throughout, central heat & air and laundry hooks.
Unit Size
-
Days on Market
63 days
Land Size
0.15 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1930
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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 (CRMLS #IG19222016)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 19, 2019 | Sold | ||
| Sold | |||
| Sep 17, 2019 | Listed by Griffin Real Estate, Inc. | $769,990 | |
| Listed by Griffin Real Estate, Inc. | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Closing Price
Sold On
Sold On
HOA + Taxes
About South Valley
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Listed by: Alaura Clennon, Griffin Real Estate, Inc.
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IG19222016
Last Updated: 4 months ago
Data Source: CRMLS, MLS# IG19222016
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