$650,000
●
House -
Off Market
7963 Normal Ave
La Mesa, CA 91941
3 Beds
2 Baths
1,478 Ft²
$1,003,359
RealtyHop Estimate
57.02%
Since Dec 1, 2019
CA-San Diego
Primary Model
About This Property
Upstairs main unit has 2+ bedrooms, 2 full baths, open concept
kitchen/dining/family room that greets a private & serene backyard
patio surrounded by lush greenery & lots of shade. Live up top &
move Mom into the bottom, or rent either. Walking distance from
"main street" La Mesa Blvd. Close to shops, grocery, awesome food &
coffee, community events, & more! Neighborhoods: La Mesa Equipment:
Dryer, Range/Oven, Washer Other Fees: 0 Sewer: Public
Sewer Topography: RSLP,GSL Guest House Est. SQFT: 300
Unit Size
1,478 Ft²
Days on Market
34 days
Land Size
0.11 acres
Price per sqft
$432
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 #190056723)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 19, 2022 | No longer available | - | |
| No longer available | |||
| Sep 30, 2022 | Price Decreased |
$880,000
↓ $10K
(1.1%) | |
| Price Decreased | |||
| Sep 8, 2022 | Price Decreased |
$890,000
↓ $20K
(2.2%) | |
| Price Decreased | |||
| Sep 1, 2022 | Listed by Windermere Homes & Estates | $910,000 | |
| Listed by Windermere Homes & Estates | |||
| | |||
|
Incredible opportunity to be close to the heart of La Mesa in this beautiful 3 bedroom 2 bathroom home with downstairs rental studio! The main home features a large white open concept kitchen and living area with a large walk-in pantry/laundry room and a gas fireplace. Recessed lighting throughout. Tile and luxury vinyl flooring throughout! New Roof in 2020! Solar electric system! New Fence/gates! Low maintenance yard with tons of shade on the wraparound covered patio. The downstairs rental unit features a separate entry, full kitchen and bathroom, currently rented month to month at $1200/m. Close to great shopping, dining, coffee shops, and convenient to the highway. The manager has listed the unit size as 1478 square feet.
| |||
| Nov 18, 2019 | 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
Comparables
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Type
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ft²
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HOA + Taxes
About La Mesa
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Listed by: Chase Cromwell, Berkshire Hathaway HomeService
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190056723
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190056723
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