$997,000
●
House -
Off Market
805 Ormond Ct.
San Diego, CA 92109
3 Beds
1 Bath,
1
Half Bath
770 Ft²
$1,923,554
RealtyHop Estimate
75.67%
Since Mar 1, 2017
CA-San Diego
Primary Model
About This Property
Rare development/remodel opportunity on a double lot (2685SF) steps
to the Bay in the heart of Mission Beach! Build TWO units or
remodel & add on to the existing 770sf cottage. Be the envy of your
neighbors & enjoy 6 parking spaces or build a massive garage in
back w/a rental unit on top. Endless possibilities! Aquatics
Center, restaurants/bars, the beach & bay - just steps away!
Priced to sell - hurry! Neighborhoods: Mission Beach
Equipment: Dryer, Range/Oven, Washer Other Fees: 0 Sewer:
Sewer Connected Topography: LL
Unit Size
770 Ft²
Days on Market
45 days
Land Size
0.06 acres
Price per sqft
$1,422
Property Type
House
Property Taxes
-
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-
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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 #170002428)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2019 | No longer available | - | |
| No longer available | |||
| Sep 28, 2019 | Listed | $1,099,000 | |
| Listed | |||
| | |||
|
COASTAL DEVELOPMENT PERMIT APPROVED!!Approved project includes two condominium units with one comprised of 1514 SF and the other at 1267 SF just steps away from the ocean, bay, restaurants, and shopping in the heart of Mission Beach. Each unit has 3BD, 2.5 BA, Great Room, Roof Top Deck with bay and ocean views, and an attached 2-car tandem garage. Finished product has multiple possibilities such as spec homes, short or long terms rentals, or as second homes. This property is zoned MBPD-R-S. Neighborhoods: Mission Beach Other Fees: 0 Sewer: Sewer Connected Topography: LL The manager has listed the unit size as 770 square feet.
| |||
| Sep 27, 2019 | No longer available | - | |
| No longer available | |||
| Aug 1, 2019 | Listed | $1,099,000 | |
| Listed | |||
| | |||
|
COASTAL DEVELOPMENT PERMIT APPROVED!!Approved project includes two condominium units with one comprised of 1514 SF and the other at 1267 SF just steps away from the ocean, bay, restaurants, and shopping in the heart of Mission Beach. Each unit has 3BD, 2.5 BA, Great Room, Roof Top Deck with bay and ocean views, and an attached 2-car tandem garage. Finished product has multiple possibilities such as spec homes, short or long terms rentals, or as second homes. This property is zoned MBPD-R-S. The manager has listed the unit size as 770 square feet.
| |||
| May 26, 2019 | No longer available | - | |
| No longer available | |||
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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HOA + Taxes
About Northern San Diego
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Listed by: Greg Phillips, Berkshire Hathaway HomeService
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 170002428
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 170002428
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