$810,000
●
House -
Off Market
7985 Rainey Street
La Mesa, CA 91942
3 Beds
2 Baths
1,187 Ft²
$3,683
Est. Monthly
About This Property
Excellent Opportunity In Lake Murray! This single-level gem offers
breathtaking views and maximum privacy with no rear neighbors.
Inside, enjoy vaulted ceilings that enhance the spacious feel and a
cozy cast iron stove in the living room for those cool evenings.
Recently re-stuccoed, the home features a backyard retreat with a
sparkling pool and a built-in BBQ with natural gas-ideal for
outdoor entertaining, relaxation and enjoying the view. Located
just minutes from parks, schools, coffee shops, restaurants,
freeway access, and gyms, this property combines comfort and
convenience perfectly. With Murray Manor Elementary, Lake Murray
Recreation Area, and Mission Trails close by, this property offers
a perfect blend of comfort and convenience. Don't miss this
opportunity to make this delightful house your new home!
Unit Size
1,187 Ft²
Days on Market
79 days
Land Size
0.15 acres
Price per sqft
$632
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1960
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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: 2 years ago (CRMLS #NDP2409617)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 17, 2025 | Sold | ||
| Sold | |||
| Dec 10, 2024 | In contract | - | |
| In contract | |||
| Dec 2, 2024 | No longer available | - | |
| No longer available | |||
| Sep 4, 2024 | Listed by Compass | $750,000 | |
| Listed by Compass | |||
Property Highlights
Garage
With View
Fireplace
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
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About La Mesa
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Listed by: Jeff DeChamplain, Compass
Last Updated: 2 years ago
Data Source: CRMLS, MLS# NDP2409617
Last Updated: 2 years ago
Data Source: CRMLS, MLS# NDP2409617
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