$279,000
●
House -
Off Market
8127 Fairview Avenue
La Mesa, CA 91941
3 Beds
2 Baths
1,356 Ft²
$770,661
RealtyHop Estimate
176.22%
Since Mar 1, 2012
CA-San Diego
Primary Model
About This Property
Major fixer, outstanding potential for a contractor or investor.
Built in 1918 in La Mesa Village, it has history and charm but
needs a huge overhaul to restore its beauty. Gorgeous lot,
incredible views and a quaint cottage. Finished basement has a
third bathroom, permits unknown, not in sq ft est. Garage is off
Pasadena Ave, currently not used as a garage due to previous
owner's attempt at converting it to a studio. Cash buyers or
potentially rehab/ construction loans only. Will not go VA or FHA.
AS IS. Equipment: Range/Oven Other Fees: 0 Sewer: Sewer
Connected Topography: GSL
Unit Size
1,356 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$206
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1918
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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 #120004221)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 8, 2012 | Sold | ||
| Sold | |||
| Sep 17, 2012 | Listed by Allison James Estates & Homes | $449,000 | |
| Listed by Allison James Estates & Homes | |||
 | |||
|
Move-in ready La Mesa Village Craftsman features new roof, new floors, new ceilings, new doors, new exterior & interior paint and new landscaping. New kitchen is absolutely gorgeous w/antiqued white cabinets, slab granite, Craftsman light fixture & SS stove & dishwasher. Three new baths feature pinwheel marble floors, new tubs, showers & vanities. Carriage house used for storage or office. Walk to shops, restaurants, grocery, library, everything! Equipment: Range/Oven Other Fees: 0 Sewer: Sewer Connected Topography: GSL
| |||
| Feb 29, 2012 | Sold | ||
| Sold | |||
| Jan 23, 2012 | Listed by San Diego Castles Realty | $279,000 | |
| Listed by San Diego Castles Realty | |||
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
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Sold On
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HOA + Taxes
About La Mesa
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Sunday Gover, San Diego Castles Realty
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 120004221
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 120004221
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