$665,000
●
House -
Off Market
7920 Michelle Drive
La Mesa, CA 91942
5 Beds
2 Baths
1,704 Ft²
$1,124,357
RealtyHop Estimate
63.19%
Since Nov 1, 2018
CA-San Diego
Primary Model
About This Property
Enjoy Cowles Mt sunset views and Lake Murray fireworks at this
turnkey remodeled home with a large backyard perfect for
entertaining. This 4 bedroom 2 bath home has been heavily updated &
upgraded by prior & current owners in past few years thinking it
would be their forever home. The home features an open concept
upgraded chef's kitchen with newer appliances, new windows & doors,
new roof & stucco, updated bathrooms. Newer solar panels provide
moderate electricity costs for Central Air & Heat. Neighborhoods:
Lake View Estates Equipment: Dryer,Garage Door Opener, Washer
Other Fees: 0 Sewer: Sewer Connected, Public Sewer
Topography: LL
Unit Size
1,704 Ft²
Days on Market
59 days
Land Size
0.19 acres
Price per sqft
$404
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1990
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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 #180046086)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 15, 2018 | Sold | ||
| Sold | |||
| Aug 17, 2018 | Listed by Ascent Real Estate, Inc | $689,000 | |
| Listed by Ascent Real Estate, Inc | |||
| Jul 7, 2016 | Sold | ||
| Sold | |||
| Jun 4, 2016 | Listed by Spirit Realty Inc. | $595,000 | |
| Listed by Spirit Realty Inc. | |||
| | |||
|
Views to Lake Murray in the front & Cowles Mtn. towers in the horizon! Rare & unique location. Complete remodel: New kitchen: imported Italian 5-burner gas stove, porcelain tile flooring, hand-made maple cabinetry, custom back-splashes, granite counters. Thru-out: refinished ceilings, ALL new light fixtures, hard wood floors, new windows, new doors, re-wired & grounded electrical w/220v, solar panels, fully retro-fitted & bolted foundation. Master Suite w/bonus room. And, year-round fruit bearing trees! Neighborhoods: Lake View Estates Equipment: Garage Door Opener, Range/Oven Other Fees: 0 Sewer: Sewer Connected Topography: LL
| |||
| Sep 3, 2015 | Sold | ||
| Sold | |||
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Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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ft²
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HOA + Taxes
About La Mesa
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Listed by: Julie Chang, Ascent Real Estate, Inc
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 180046086
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 180046086
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