$435,000
●
House -
Off Market
7166 Colony Rd
La Mesa, CA 91942
5 Beds
2 Baths
1,921 Ft²
$926,202
RealtyHop Estimate
97.11%
Since Apr 1, 2015
CA-San Diego
Primary Model
About This Property
Original 1937 3 bd/1 ba Spanish style fixer upper- front door
faces Colony St. AND a separate detached 2b/1ba guest house with
it's own address at 4824 Normandie Pl. Loads of potential for these
two cuties- this nice flat lot sits on the corner of an
exceptionally desirable block with much larger homes. Come
with an open mind to restore this property back to it's original
glory. Hardwood floors, dining room built ins, classic corner
fireplace, coved ceilings lots of natural light. see sup remarks;
Neighborhoods: La Mesa Colony Architectural Style:
Monterey/Hacienda/Adobe View: Monterey/Hacienda/Adobe
Equipment: Dryer,Garage Door Opener, Range/Oven, Shed(s),
Washer Other Fees: 0 Sewer: Sewer Connected Topography: LL
Guest House Est. SQFT: 715
Unit Size
1,921 Ft²
Days on Market
87 days
Land Size
-
Price per sqft
$245
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2000
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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: 5 months ago (SDMLS #140064164)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 2, 2015 | Sold | ||
| Sold | |||
| Dec 5, 2014 | Listed by Berkshire Hathaway HomeService | $469,900 | |
| Listed by Berkshire Hathaway HomeService | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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ft²
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Listed On
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Sold On
HOA + Taxes
About La Mesa
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Gina Hixson, Berkshire Hathaway HomeService
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 140064164
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 140064164
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