$865,000
●
Land -
Off Market
7930 Hillside Dr
La Mesa, CA 91942
Studio
0 Bath
$1,928,105
RealtyHop Estimate
60.68%
Since Aug 1, 2018
CA-San Diego
Primary Model
About This Property
7930 Hillside Drive is a four parcel, 19,115 square foot
development opportunity located in La Mesa, California. The
property is centrally located in La Mesa's commercial district, on
El Cajon Boulevard, with easy access to the 8 Freeway. The .43 acre
property currently has one single family residence, but is zoned
C-D MU, allowing for the development of a commercial / residential
mixed-use project. Neighborhoods: Eventide Other Fees: 0
Unit Size
-
Days on Market
407 days
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1930
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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 #170033060)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 3, 2020 | Sold | ||
| Sold | |||
| Jun 25, 2020 | Listed by Big Block Realty, Inc | $499,999 | |
| Listed by Big Block Realty, Inc | |||
| | |||
|
This beautiful home is waiting for you! Unique architectural details. Gorgeous tile accents. Fantastic kitchen with quartz countertops and stainless steel appliances. Cozy up next to the fireplace in the inviting living room. Entertain in the lovely dining area right off the kitchen. This great property is a must see!. Neighborhoods: La Mesa Other Fees: 0 Sewer: Sewer Connected Topography: SSLP
| |||
| Jul 17, 2018 | Sold | ||
| Sold | |||
| Jun 5, 2017 | Listed by Marcus & Millichap | $1,200,000 | |
| Listed by Marcus & Millichap | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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About La Mesa
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Listed by: Raymond Choi, Marcus & Millichap
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 170033060
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 170033060
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