$473,000
●
House -
Off Market
7960 Palm St
Lemon Grove, CA 91945
4 Beds
2 Baths
1,306 Ft²
$738,921
RealtyHop Estimate
57.22%
Since Aug 1, 2019
CA-San Diego
Primary Model
About This Property
Don't miss this 4 bedroom single family home in Lemon Grove.
A truly smart home featuring an Ecobee Thermostat, Ring
Doorbell, alarm system, security lights and cameras. With
thoughtful upgrades focused on energy efficiency and comfort
throughout: dual pane windows, new heating and air conditioning
added in 2016, ceiling fans in all bedrooms and stainless steel
kitchen appliances. The master bedroom features 2 closets and
a master bathroom with dual sinks and granite countertops.
See SUPP. Outside you will find a spacious back yard
with a patio large enough to entertain, plus a blood orange,
mandarin orange, navel orange, pink lemon, lemon lime and stone
fruit trees. An extra large driveway with carport allows for
ample space to park multiple cars. Conveniently located near
Broadway and Lemon Grove Ave, with a quick walk you will reach
Sprouts Farmers Market, Bank Of America, Lemon Grove Park, Mt
Vernon Elementary School, Lemon Grove Academy Middle and much
more.. Neighborhoods: Rancho Mission Of San Diego Equipment:
Dryer, Range/Oven, Washer Other Fees: 0 Sewer: Sewer
Connected Topography: LL,GSL
Unit Size
1,306 Ft²
Days on Market
79 days
Land Size
0.15 acres
Price per sqft
$360
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1975
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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 #190026023)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 31, 2019 | Sold | ||
| Sold | |||
| May 13, 2019 | Listed by Solutions Real Estate | $470,000 | |
| Listed by Solutions Real Estate | |||
| Jul 11, 2014 | Sold | ||
| Sold | |||
| May 2, 2014 | Listed by Realty Service Center | $365,000 | |
| Listed by Realty Service Center | |||
| | |||
|
A "Studs-out" remodel in 2011-12, 7960 Palm St. is more than move-in ready! Maintained in excellent condition and steadily enhanced with a new Goodman Air Conditioner, new concrete driveway slab additions, new fencing, new paint, new Craftsman storage unit, new quality Carport w/motion sensor, young fruit trees (Sweet Lime, Tangerine, Blood Orange, Lemon, Dwarf Navel Orange & Avocado). 3 YR OLD ROOF & Electrical Panel.1+ YR OLD Daewoo front loading extra large capacity washer & dryer (gas hook-up) Cont... Neighborhoods: LEMON GROVE Equipment: Dryer, Range/Oven, Shed(s), Washer Other Fees: 0 Sewer: Sewer Connected Topography: LL,GSL
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Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Type
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ft²
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Sold On
Sold On
HOA + Taxes
About Lemon Grove
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Listed by: Sarah Messali, Solutions Real Estate
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190026023
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190026023
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