1
Map
$479,900
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House -
Off Market
8038 Palm St
Lemon Grove, CA 91945
3 Beds
2 Baths
1,140 Ft²
$767,946
RealtyHop Estimate
57.04%
Since Nov 1, 2019
CA-San Diego
Primary Model
About This Property
Move-in ready 3 bed 2 bath home on expansive 9800 sqft lot in
central location! Newly updated floorplan features: new wood
laminate flooring & carpet, fresh paint inside & out, new dual pane
windows/slider, abundant natural light, new ceramic tile, new
kitchen cabinets & Wilsonart countertops, new ceiling fans, new
interior doors, new roof & separate laundry area. Low maintenance
front landscaping, covered patio & large storage shed in back with
plenty of space for RVs, boats, toys, accessory unit?!
Neighborhoods: Lemon Grove Equipment: Range/Oven Other Fees:
0 Sewer: Sewer Connected Topography: LL,GSL
Unit Size
1,140 Ft²
Days on Market
67 days
Land Size
0.22 acres
Price per sqft
$429
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1948
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Cap Rate Calculator
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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 #190045679)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 21, 2025 | Sold | ||
| Sold | |||
| Feb 14, 2025 | Listed by Keller Williams Realty | $699,000 | |
| Listed by Keller Williams Realty | |||
| | |||
|
Beautifully updated 3-bedroom, 2-bathroom home, nestled on a large lot brimming with possibilities! Whether you're looking for a peaceful retreat or a home with room to grow, this property offers a fantastic opportunity for both. Step inside to discover a bright and inviting living space. The primary suite offers a private oasis, complete with a spacious en-suite bathroom and sliding glass doors to the back patio. The expansive lot provides endless potential, whether you're envisioning a beautiful garden, outdoor entertainment space, or additional expansion possibilities. Don't miss your chance to make this gem yours!
| |||
| Sep 3, 2022 | No longer available | - | |
| No longer available | |||
| Jul 19, 2022 | Listed by Homelister, Inc. | $785,000 | |
| Listed by Homelister, Inc. | |||
| | |||
|
Move-in ready home 3 bed 2 bath home with huge back yard! Updated floorplan includes newer wood laminate floors/carpet/ceramic tile, interior/exterior paint, dual pane windows/slider, kitchen cabinets & Wilsonart countertops, ceiling fans, interior doors, roof, and laundry area. This home has abundant natural light, new washer and stainless steel fridge/ freezer combo. Minimalist front landscaping, covered patio & large storage shed in back. Drive way has gated access to the back yard with plenty of space for RVs, boats, toys, and plenty of space for an ADU! 10-15 minute drive from the Gas Lamp district of Downtown San Diego. 15 minutes from Coronado Island, 15-20 minutes from San Diego international airport less than 20 minute drive from the beaches and much more! The manager has listed the unit size as 1140 square feet.
| |||
| Oct 22, 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
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
Sold On
HOA + Taxes
About Lemon Grove
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Listed by: Melissa Goldstein Tucci, Melissa Goldstein Tucci
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 190045679
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 190045679
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