$735,000
●
Land -
Off Market
810 Hermes Avenue
Encinitas, CA 92024
Studio
0 Bath
$952,757
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model
About This Property
Wonderful Beach close flag lot located on the end of a cul-de-sac
street. Only 3 blocks to Beacon's State Beach & the Pacific Ocean.
Lot has an existing 1 1/2 " water meter. Water line runs down the
flag portion of the lot and sprinklers are installed. Fully fenced
plus an existing concrete apron where lot adjoins Hermes Avenue.
Two existing (8' x 16' foot) sheds on the lot. Sheds can stay or
seller will remove prior to close. Existing story poles are
installed on the parcel which show the allowed height (26') and
possible setbacks. Site has previously been surveyed.
Property is located in the Coastal Zone and plans will be
subject to Coastal Commission approval. This desirable location
offers privacy and is only mins. to shopping and restaurants plus
offers easy freeway access.
Unit Size
-
Days on Market
86 days
Land Size
0.17 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-
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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 #NDP2002918)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 17, 2021 | Sold | ||
| Sold | |||
| Nov 20, 2020 | Listed by Coldwell Banker Realty | $749,000 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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Closing Price
Sold On
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HOA + Taxes
About Encinitas
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Listed by: Kyle Murphy, Coldwell Banker Realty
Last Updated: 12 months ago
Data Source: CRMLS, MLS# NDP2002918
Last Updated: 12 months ago
Data Source: CRMLS, MLS# NDP2002918
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