$895,000
●
Multifamily -
Off Market
7680 Normal Ave
La Mesa, CA 91941
Studio
0 Bath
$1,413,182
RealtyHop Estimate
57.02%
Since Dec 1, 2019
CA-San Diego
Primary Model
About This Property
Great income producer or live in one and rent out the others:
well-maintained duplex & stand alone house in great La Mesa
neighborhood, close to groceries, schools & freeways! Duplex front
unit is 3Br/ 2Ba, rear unit is 2Br/ 1Ba with fenced yard space,
house is 2Br/ 1Ba with fenced back yard space. All units have
washer/ dryer hookups. Each unit has their own designated 2 cars
parking on property. Property is very well-kept, interior units
updated & spacious, and has a community feel within the triplex!
3Br/2Ba unit is month to month, rear 2Br/1Ba unit lease ends on
April 2020, and house 2Br/Ba unit is on 6 months lease ends in
February 2020. Neighborhoods: La Mesa Other Fees: 0 Unit #
for Unit 1: 7680 Unit # for Unit 2: 7682 Unit # for Unit 3: 7684
Number of Furnished Units: 0
Unit Size
-
Days on Market
34 days
Land Size
0.19 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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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 #190057910)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 26, 2019 | Sold | ||
| Sold | |||
| Oct 23, 2019 | Listed by Eric Brazelton, Broker | $900,000 | |
| Listed by Eric Brazelton, Broker | |||
Property Highlights
Interior Details
Appliances: Gas Water Heater
Exterior Details
Year Built: 1958
Levels: One
Lot Size Area: 8276
Lot Size Units: Square Feet
Lot Size Acres: 0.19
Lot Size Square Feet: 8276
Utilities Details
Cooling Type: Wall/Window Unit(s)
Heating Type: Electric, Natural Gas
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/23/2019
| |
Studio
|
-
|
-
|
$900,000
Studio
-
|
$895,000
-0.56%
11/26/2019
|
Kim Le
Optimum Realty
|
Building Info
About La Mesa
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Listed by: Kim Le, Eric Brazelton, Broker
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 190057910
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 190057910
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