$424,900
●
House -
Off Market
8022 University Ave
La Mesa, CA 91942
2 Beds
1 Bath
720 Ft²
$667,179
RealtyHop Estimate
57.02%
Since Dec 1, 2019
CA-San Diego
Primary Model
About This Property
Cozy And Cute 2 Bed, 1 Bath PLUS BONUS ROOM Cottage In The Heart Of
Downtown La Mesa! Location Is Perfect For Those Looking To Enjoy
Local Shopping, Restaurants, And Other Neighborhood
Attractions.....All Within A Short Walk! Recently Updated Kitchen
And Bath, Hardwood Flooring, Dual Paned Windows, Stainless
Appliances And Stackable Laundry. Large Outdoor Wood Shed For
Generous Storage And Fully Fenced In Yard. This Gem Is A Must See!
All information is deemed accurate and reliable but not
guaranteed. Buyer and buyer's agent to verify all information
contained herein before COE.. Neighborhoods: Downtown La Mesa
Equipment: Range/Oven Other Fees: 0 Sewer: Sewer
Connected Topography: LL
Unit Size
720 Ft²
Days on Market
47 days
Land Size
0.06 acres
Price per sqft
$590
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1947
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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 #190055704)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 16, 2025 | Sold | ||
| Sold | |||
| Dec 26, 2024 | In contract | - | |
| In contract | |||
| Dec 11, 2024 | Price Decreased |
$599,990
↓ $50K
(7.7%) | |
| Price Decreased | |||
| Oct 9, 2024 | Listed by eXp Realty of Southern Calif. | $649,990 | |
| Listed by eXp Realty of Southern Calif. | |||
| | |||
|
Welcome to your cozy oasis just one block from vibrant downtown La Mesa! This delightful 2-bedroom, 1-bathroom cottage, complete with a bonus room, is ideally situated in the vibrant heart of downtown La Mesa. This home makes for a fantastic starter home, short/mid term rental, or pad split opportunity. Enjoy the ultimate convenience of local shopping, dining, and entertainment—all just a leisurely stroll away! Step inside to discover a beautifully updated kitchen and bathroom, featuring modern finishes that blend style and functionality. The inviting hardwood flooring runs throughout the home, while dual-paned windows provide natural light and energy efficiency. The kitchen is equipped a gas range and refrigerator, and a stackable laundry setup adds to the ease of living. Outside, you'll find a fully fenced yard, perfect for relaxation or play. A large outdoor shed offers generous storage solutions, making it ideal for all your gardening tools or outdoor gear. New water heater and newer roof. Don’t miss the opportunity to own this charming gem in a prime location!
| |||
| Nov 26, 2019 | Sold | ||
| Sold | |||
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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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: Ronda Hopper, Keller Williams Realty
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 190055704
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 190055704
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