7864 Palm St
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 13, 2026 | Sold | ||
| Sold | |||
| Apr 14, 2026 | In contract | - | |
| In contract | |||
| Apr 9, 2026 | Listed by Tranquility Real Estate Services | $789,000 | |
| Listed by Tranquility Real Estate Services | |||
| | |||
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Originally built in 1953, this thoughtfully updated home blends timeless character with modern conveniences. Recent improvements include an updated kitchen, newer flooring, built-ins, upgraded windows, newer heating and air conditioning, and solar—creating a truly move-in ready experience. Inside, the home offers a comfortable and functional layout designed for both everyday living and entertaining. A dedicated dining room flows seamlessly into the inviting living room, creating an open yet defined space for gatherings. The spacious primary suite is a standout feature, complete with its own ensuite bathroom and a walk-in closet—an uncommon luxury for homes of this era. Step outside to discover a generous deck and expansive lot, offering endless possibilities. Whether you envision outdoor entertaining, future expansion, or the addition of an ADU for supplemental income or multi-generational living, this property provides the flexibility to bring your vision to life. This is a rare opportunity to own a well-maintained home that combines charm, upgrades, and future potential in an increasingly desirable community. Ideally located with convenient access to SR-94, SR-125, I-8, and SR-54, you’re just a short drive to downtown San Diego, local beaches, and the South Bay. If you’re looking for value, versatility, and location—this is the one.
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| May 11, 2024 | No longer available | - | |
| No longer available | |||
| Apr 17, 2024 | In contract | - | |
| In contract | |||
Property Highlights
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About Lemon Grove
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017