$1,380,000
●
House -
Off Market
808 Melba Road
Encinitas, CA 92024
3 Beds
2 Baths
1,156 Ft²
$1,404,052
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model
About This Property
Amazing unobstructed Ocean Views from this charming single story
home located on a corner lot in the heart of Encinitas. Additional
plus is a detached accessory unit which is currently being
rented at $1550.00 per month. Enjoy the timeless style of the
beamed ceiling, cozy brick fireplace, solid wood floors throughout
and the classic design of the vintage bathroom tile. Laundry
facilities are located in a large detached covered patio attached
to the rental unit. Property features a large lot, a two car
detached garage with access off of Bracero Rd plus plenty of room
for RV parking. Furnace was replaced in 2017, fireplace relined in
2021, new dishwasher in 2020. Property is only a mile or so from
the beautiful blue Pacific and Swami's State Beach Access. Home is
located directly across from the San Dieguito Academy baseball
fields. No HOA or Mello Roos.
Unit Size
1,156 Ft²
Days on Market
54 days
Land Size
0.17 acres
Price per sqft
$1,038
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1956
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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: 12 months ago (SDMLS #NDP2104926)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 28, 2021 | Sold | ||
| Sold | |||
| May 5, 2021 | Listed by Coldwell Banker Realty | $1,200,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Fireplace
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
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Encinitas
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Listed by: Kyle Murphy, Coldwell Banker Realty
Last Updated: 12 months ago
Data Source: CRMLS, MLS# NDP2104926
Last Updated: 12 months ago
Data Source: CRMLS, MLS# NDP2104926
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