$1,200,000
●
House -
Off Market
8055 Cinnabar Dr
La Mesa, CA 91941
3 Beds
2 Baths
1,820 Ft²
$5,888
Est. Monthly
About This Property
AMAZING VIEW! OCEAN VIEW! DOWNTOWN VIEW!!! Exquisite Remodeled Mid
Century Ranch with Amazing Panoramic Downtown City Views! View of
Downtown, Pt. Loma, Ocean, 180 degrees and more. Walking
distance to Downtown La Mesa, quiet neighborhood with La Mesa's
best location! High end finishes and real craftsmanship! Beautiful
Kitchen Custom Maple Cabinets with Viking Range and Custom designed
bathrooms with West Elm vanities and Kohler Faucets, Original
Hardwood floors throughout. New ABS Plumbing, New AC, New
Furnace, New Mini-Split, Tons of storage. Covered RV Parking!
Oversize flat easy access driveway with multiple parking
spots including covered RV parking and oversized garage.
Single story view home with a high degree of craftsmanship
was build in 1960 as a custom home and well maintained. Remodeled
backroom included in square footage could be possibly converted to
ADU or used as Living Room, Office, Gym, but not permitted.
Backroom has new wool carpet and new mini-split!
Unit Size
1,820 Ft²
Days on Market
79 days
Land Size
-
Price per sqft
$659
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 months ago (SDMLS #260015352SD)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 11, 2026 | Sold | ||
| Sold | |||
| Jul 16, 2026 | In contract | - | |
| In contract | |||
| Jul 10, 2026 | Price Decreased |
$1,199,000
↓ $50K
(4%) | |
| Price Decreased | |||
| Jul 8, 2026 | Price Decreased |
$1,249,000
↓ $50K
(3.9%) | |
| Price Decreased | |||
| Jul 7, 2026 | Price Decreased |
$1,299,000
↓ $30K
(2.3%) | |
| Price Decreased | |||
Show More
Property Highlights
Garage
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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Baths
ft²
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HOA + Taxes
About La Mesa
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Listed by: James Philipps, Alta Realty Group CA, Inc.
Last Updated: 2 months ago
Data Source: CRMLS, MLS# 260015352SD
Last Updated: 2 months ago
Data Source: CRMLS, MLS# 260015352SD
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