Listed by: Hang Lai, Hang Lai, Broker
$820,000
●
Condo -
Off Market
8631 Via Mallorca #B
La Jolla, CA 92037
2 Beds
2 Baths
1,231 Ft²
$4,753
Est. Monthly
$486
HOA / Fees
4.06%
Cap Rate
About This Property
Welcome to 8631 Via Mallorca Unit B, pristine and luminous corner
unit nestled in the heart of La Jolla, CA with open within close
proximity to UCSD, La Jolla Playhuse along with numerous shops and
restaurants at UTC. West-facing orientation affords abundance of
natural light, and private balcony invites outdoor relaxation.
Brand New Carpet. Spacious ensuite primary bedroom is complete with
walk-in closet and dual vanity. Complex amenities include exclusive
access to pool, spa and gym. This presents an increasingly rare
opportunity to own property in one of California's most desirable
coastal communities. There is a storage room in back of the garage
that's directly below the unit.
Unit Size
1,231 Ft²
Days on Market
52 days
Land Size
1.05 acres
Price per sqft
$706
Property Type
Condo
Property Taxes
-
HOA Dues
$486
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: 2 years ago (CRMLS #240024323SD)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 3, 2024 | Sold | ||
| Sold | |||
| Oct 12, 2024 | Listed by Hang Lai, Broker | $869,000 | |
| Listed by Hang Lai, Broker | |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Garage Spaces: 2
Garage Spaces: 2
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Levels: Two
Appliances: Electric Cooking
Living Area Square Feet Source: PublicRecords
Laundry Features: Electric Dryer Hookup
Exterior Details
Year Built: 1996
Parcel Number: 3443202705
Home Type: Residential
Architectural Style: Contemporary
Roof: Composition
Pool Features: Community
Lot Size Source: Assessor
Lot Size Acres: 1.049
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Location Details
Association Amenities: Maintenance Grounds
Association Fee: $486
Association Fee Frequency: Monthly
Community Features: Pool
Subdivision: La Jolla
Subdivision Name: La Jolla
Directions: Via Mallorca then turn to La Jolla Cape Garden Cross Street: Via Mallorca.
Other Details
Listing Terms: Cash, Conventional
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
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/12/2024
|
2 Bed
|
2 Bath
|
1231 ft²
|
$869,000
2 Bed
2 Bath
1231 ft²
|
$820,000
-5.64%
12/03/2024
|
Hang Lai
Hang Lai, Broker
| |
|
08/06/2024
|
2 Bed
|
2 Bath
|
1231 ft²
|
$960,000
2 Bed
2 Bath
1231 ft²
|
$790,000
-17.71%
11/21/2024
|
Andrew Grinnell
Sunset Realty
| |
|
07/07/2016
| |
2 Bed
|
2 Bath
|
1231 ft²
|
$539,000
2 Bed
2 Bath
1231 ft²
|
$499,000
-7.42%
09/29/2016
|
Ron Rahnama
Fereidoun Rahnama
|
|
01/18/2014
|
2 Bed
|
2 Bath
|
1359 ft²
|
$515,000
2 Bed
2 Bath
1359 ft²
|
$494,000
-4.08%
06/12/2014
|
Zora Alexander
San Diego Realty at La Jolla
|
Building Info
About Northern San Diego
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Listed by: Hang Lai, Hang Lai, Broker
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 240024323SD
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 240024323SD
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