1
Map
$4,100,000
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House -
Off Market
8389 El Paseo Grande
La Jolla, CA 92037
5 Beds
4 Baths
2,902 Ft²
$7,426,959
RealtyHop Estimate
78.97%
Since Jan 1, 2017
CA-San Diego
Primary Model
About This Property
Unobstrucable direct ocean views from this nearly 9,000 Sq Ft
corner lot. This home has generated more than $200,000 on
VRBO in the last 12 months and is trending to exceed $300,000 in
rental income. Many options; move in / take over the established
rental business / or build a new 2-story home. Coastal permits (CDP
& SDP) fully approved to build a 5,150 Sq Ft home. Contact list
agent for details and renderings. **See Supplement for details
about existing home** Neighborhoods: La Jolla Shores Equipment:
Garage Door Opener,Pool/Spa/Equipment, Range/Oven Other Fees: 0
Sewer: Sewer Connected
Unit Size
2,902 Ft²
Days on Market
156 days
Land Size
0.20 acres
Price per sqft
$1,430
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1951
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Cap Rate Calculator
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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 #160038585)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 16, 2016 | Sold | ||
| Sold | |||
| Jul 13, 2016 | Listed by Keller Williams La Jolla | $4,149,900 | |
| Listed by Keller Williams La Jolla | |||
| Sep 30, 2014 | Sold | ||
| Sold | |||
| Jul 15, 2014 | Listed by Pacific Sotheby's Int'l Realty | $4,200,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
| | |||
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Unobstructable Ocean Views in La Jolla Shores. Sit down white water views abound in this 3 bedroom/3 bath home plus a 1 bedroom/1 bath guest cottage and an artist's studio. Located on a premier corner, the floor plan is open with vaulted ceilings and tiled floors for easy beach living. Kitchen remodel completed in 2012. Lot size of 8921 square feet allows for expansion. A rare opportunity. Neighborhoods: La Jolla Shores Equipment: Garage Door Opener, Range/Oven Other Fees: 0 Sewer: Sewer Connected Topography: LL
| |||
Property Highlights
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
Price/ft²
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Asking Price
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Closing Price
Sold On
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HOA + Taxes
About Northern San Diego
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Listed by: Arlo Nugent, Keller Williams La Jolla
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 160038585
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 160038585
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