$803,000
●
House -
Off Market
7944 Pasadena Avenue
La Mesa, CA 91941
4 Beds
3 Baths
2,400 Ft²
$1,189,309
RealtyHop Estimate
53.46%
Since Mar 1, 2020
CA-San Diego
Primary Model
About This Property
Sold at first Open House. Multiple Offers. Additional
Information: One bedroom upstairs (master bedroom); three bedrooms
downstairs (including another master bedroom). Walking distance to
La Mesa Village and the famous La Mesa Stairs, great for morning
and sunset walks! Original landscaping in backyard with oversize
redwood garden box, landscape lighting, drip irrigation, dwarf
nectarine and grapefruit trees, drought-tolerant decomposed granite
ground ($30K investment). Brand new retaining wall in front yard
with updated landscaping ($15K cost of wall, will never need to be
replaced). Rebuild front stairs in front of house (4 yrs old).
Marble tile in 2 bathrooms (2 years old) Ceramic tile in 1
bathroom. Stainless steel appliances: Dishwasher Kitchen Aid (less
than 1 yr old); Kenmore Elite double oven stove (12 yrs old); LG
Fridge (12 yrs old); Wine Fridge (less than 1 yr old). New siding
on North-facing wall (about 4 yrs old). Repainted top deck (one
weekend old!). Roof replaced 7 yrs ago, in good shape. Bonus room
under garage, fully soundproof music studio; man cave; wine
cellar.... Neighborhoods: Windsor Hills/La Mesa Equipment:
Dryer, Range/Oven, Washer Other Fees: 0 Sewer: Sewer
Connected Topography: LL
Unit Size
2,400 Ft²
Days on Market
35 days
Land Size
0.16 acres
Price per sqft
$323
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1980
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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 #200003833)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 27, 2020 | Sold | ||
| Sold | |||
| Jan 23, 2020 | Listed by Pacific Sotheby's Int'l Realty | $775,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About La Mesa
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Laura Lothian, Pacific Sotheby's Int'l Realty
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 200003833
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 200003833
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