7222 Princeton Ave
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 27, 2026 | Sold | ||
| Sold | |||
| Apr 25, 2026 | In contract | - | |
| In contract | |||
| Apr 6, 2026 | Listed by Key Connections Real Estate | $1,125,000 | |
| Listed by Key Connections Real Estate | |||
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Discover the perfect blend of flexibility and value at 7222 Princeton Ave. This beautiful property is turn key and move in ready with PAID OFF SOLAR. Situated in the charming Rolando pocket of La Mesa, this unique property offers an incredible opportunity for homeowners and savvy investors alike. Whether you are looking for a spacious multi-generational compound, a primary residence with significant rental offsets, or a high-performing three-unit investment, this property delivers. Located in the heart of the charming Rolando Village neighborhood of La Mesa. This versatile property is thoughtfully configured into three distinct living spaces, making it a perfect fit for a multi-generational family or a high-yield investment portfolio. The main residence features a spacious 3-bedroom, 1-bathroom layout, complemented by a private 1-bedroom, 1-bathroom downstairs unit and a stylishly converted garage studio. Exceptional privacy is a hallmark of this property, as all three units boast their own dedicated yards, upgraded kitchens, flooring, recessed lighting, appliances, and individual washers and dryers. A turnkey setup, this home is ready for immediate occupancy. Whether you are looking to live in one unit while offsetting your mortgage with two rentals or looking for a rare three-unit property asset in a prime location, this property delivers. Definitely a must see!
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| Apr 20, 2018 | Sold | ||
| Sold | |||
| Feb 15, 2018 | Listed by Redfin Corporation | $585,900 | |
| Listed by Redfin Corporation | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017