8356 Sugarman Drive
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 7, 2018 | Sold | ||
| Sold | |||
| May 23, 2018 | Listed by Pacific Sotheby's Int'l Realty | $2,250,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
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2 legal & buildable lots provided that the existing encroachment is removed. Amazing development opportunity in N. La Jolla - Developer's Dream Project! Now offered b/w $1.995M & $2.25M, this move-in ready mid-century modern single level Drogan home was just expanded & updated throughout.Use the adjacent lot for family recreation all the while doing plans for your dream home. Then sell off the remaining home or keep as a rental. Walk to YMCA, Award Winning Torrey Pines Elem., UCSD & Places of Worship. Both lots are conveniently elevated & well above street-grade allowing for views plus the potential for 3-car side-by-side "tuck under" garages as well as valuable daylight basement square footage! This would allow a developer or family to alleviate the large somewhat wasted driveway and gain back a large useful yard area. And in addition integrate the existing 2 car garage into serviceable & precious living space. Just add lots of glazing/glass with "La Cantina' style or Bi-Fold Glass doors to open out to the views!! Two Legal Lots all tucked away on a quiet cul-de-sac with amazing freeway access... Aerial Topographical Survey just completed.. Neighborhoods: North La Jolla Other Fees: 0 Sewer: Sewer Connected Topography: LL
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| Nov 10, 2015 | Sold | ||
| Sold | |||
| Apr 30, 2015 | Listed by Willis Allen Real Estate | $1,369,000 | |
| Listed by Willis Allen Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017