$2,400,000
●
House -
Off Market
7241 Rue Michael
La Jolla, CA 92037
3 Beds
2 Baths
1,980 Ft²
$3,370,735
RealtyHop Estimate
60.89%
Since May 1, 2018
CA-San Diego
Primary Model
About This Property
The perfect combination of elevation and orientation. A chosen site
from an era when one could pick the most desirable lot that
maximized privacy with a view that spans the panoramic ocean,
expanse of city lights, easterly mountains and chaparral filled
canyons. A residence of post and beam design by renowned modernist,
Eugene Weston. Showing amazing foresight with a floor-plan that
brings the outside in. Come make your mark on this architecturally
significant structure and unparalleled site. Neighborhoods: Hidden
Valley Other Fees: 0 Sewer: Sewer Connected Topography:
,LL,GSL,SSLP
Unit Size
1,980 Ft²
Days on Market
28 days
Land Size
0.32 acres
Price per sqft
$1,058
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1963
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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 #180015753)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 16, 2022 | No longer available | - | |
| No longer available | |||
| Mar 1, 2022 | Listed by Compass | $2,895,000 | |
| Listed by Compass | |||
| | |||
|
A rare 1963 Mid-century modern post and beam designed by renowned architect Eugene Weston (Liebhardt & Weston). Vast panoramic views of the ocean, city lights, easterly mountains and chaparral filled canyons. A perfect combination of elevation and orientation. Single level. The floor-plan draws the outside in. Come make your mark on this architecturally significant structure and unparalleled site. Note that seller has opened bedrooms two and three as a shared space; seller will consider a credit to buyer for restoration to original separate bedroom design based upon sales price. Lot has been cleared of all vegetation in preparation for a complete landscape redesign. Driveway has been widened and now requires a permitted retaining wall for land support. East perimeter of property has been compacted at slope. Buyer to perform any/all civil, soil/geo, and/or structural engineering investigations and reports. The manager has listed the unit size as 1980 square feet.
| |||
| Apr 24, 2018 | Sold | ||
| Sold | |||
| Mar 27, 2018 | Listed by Compass | $2,095,000 | |
| Listed by Compass | |||
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
Sold On
HOA + Taxes
About Northern San Diego
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Listed by: Dane Soderberg, Compass
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 180015753
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 180015753
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