$1,990,000
●
House -
Off Market
8 La Mancha Place
Millbrae, CA 94030
5 Beds
3 Baths,
1
Half Bath
1,730 Ft²
$2,157,173
RealtyHop Estimate
27.79%
Since May 1, 2018
CA-San Francisco
Primary Model
About This Property
GREAT LOCATION! 5BR/3.5BA, HARDWOOD FLOORING THROUGHOUT, REPAINTED
INSIDE, KITCHEN AND MAIN BATH UPDATED, NEW GARAGE DOOR, BONUS ROOM
DOWNSTAIRS.
Unit Size
1,730 Ft²
Days on Market
32 days
Land Size
0.13 acres
Price per sqft
$976
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1953
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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 (MLSListings Inc. #ML81695404)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 24, 2023 | No longer available | - | |
| No longer available | |||
| Jul 28, 2023 | Price Increased |
$2,350,000
↑ $352K
(17.6%) | |
| Price Increased | |||
| Jun 24, 2023 | Listed by Keller Williams Peninsula Estates | $1,998,000 | |
| Listed by Keller Williams Peninsula Estates | |||
| | |||
|
Welcome to 8 La Mancha Place! Located in the heart of Millbrae, this contemporary home boasts 4 bedrooms & 3.5 bathrooms with several modern features such as solar panels and is smart home ready. The updated kitchen features top tier finishes, appliances and sleek aesthetics. The bathrooms feature modern and clean designs throughout. The multi-purpose room with laundry hookup & access to the exterior of home can be used as a 5th bedroom or home office. The large patio and landscaped areas provide endless hours of outdoor entertainment. Enjoy prime access to highways 101/280, parks & trails and other desirable destinations. Families will appreciate the top-rated schools in the area as well as the short distance from downtown Millbrae, which offers an array of shops & restaurants. The manager has listed the unit size as 1730 square feet.
| |||
| Apr 9, 2018 | Sold | ||
| Sold | |||
| Mar 8, 2018 | Listed by Green Banker Realty | $1,688,000 | |
| Listed by Green Banker Realty | |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Millbrae
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Listed by: Stanley Lo, Green Banker Realty
Last Updated: 5 months ago
Data Source: CRMLS, MLS# ML81695404
Last Updated: 5 months ago
Data Source: CRMLS, MLS# ML81695404
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