7506 Olive Place
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 |
|---|---|---|---|
| Jan 4, 2024 | No longer available | - | |
| No longer available | |||
| Dec 16, 2023 | In contract | - | |
| In contract | |||
| Dec 8, 2023 | Price Decreased |
$749,900
↓ $49K
(6.2%) | |
| Price Decreased | |||
| Dec 1, 2023 | Listed by eXp Realty of California Inc. | $799,000 | |
| Listed by eXp Realty of California Inc. | |||
| | |||
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**Seller entertaining offers between $749,900-$799,900** Welcome to your dream home in the heart of La Mesa! This ultra-charming single-story residence, nestled in a coveted location, offers a unique blend of style, comfort, and modern amenities. Celebrate the joy of living in this fully furnished 2-bedroom, 1-bathroom haven with a rare corner pie-shaped lot. As you step through the front door, be greeted by classic hardwood flooring that spans throughout the home, setting the tone for the timeless elegance that awaits. The living spaces are adorned with an ultra-charming layout and classic architecture, creating an inviting atmosphere that you'll love coming home to. Stay cool year-round with the brand-new AC unit, and enjoy the luxury of on-demand hot water with the tankless water heater. The solar system, upgraded 200-amp panel, and new service line exemplify a commitment to sustainability, while the 240 plug in the carport caters to electric car enthusiasts. The kitchen is a delight, featuring walnut counters, a copper sink, and a charming design that seamlessly blends form and function. Imagine hosting gatherings in the outdoor covered dining area with breathtaking sunset views that fill both the house and yard with an incredible ambiance. Entertain effortlessly in your private outdoor living area, complete with premium pavers, artificial turf, and multiple outdoor living areas. The finished garage, storage shed, and carport provide ample space for all your storage needs. The manager has listed the unit size as 800 square feet.
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| Nov 30, 2018 | Sold | ||
| Sold | |||
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About La Mesa
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017