$467,500
●
House -
Off Market
8838 Madison Ave
La Mesa, CA 91941
5 Beds
2 Baths
1,248 Ft²
$875,284
RealtyHop Estimate
94.94%
Since Jun 1, 2015
CA-San Diego
Primary Model
About This Property
This is a great home in La Mesa. The home offers original hard wood
floors and a huge back yard which is great for entertaining. The
hard wood floors have recently been refinished to preserve them and
the appliances are less than two years old. Close to the heart of
La Mesa, this home has a lot to offer a new owner. Neighborhoods:
La Mesa Vilage Equipment: Range/Oven, Shed(s) Other Fees: 0
Sewer: Sewer Connected Topography: GSL
Unit Size
1,248 Ft²
Days on Market
28 days
Land Size
0.16 acres
Price per sqft
$360
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1960
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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 #150021966)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Sep 24, 2020 | In contract | - | |
| In contract | |||
| Sep 14, 2020 | Listed | $665,000 | |
| Listed | |||
| | |||
|
Charming, turn-key, highly desired home in La Mesa! Just a short walk to La Mesa Village for a morning coffee, dining or weekly farmer’s market. Home boasts original hardwood floors in living room, dining room & bedrooms. Large windows with tons of natural lighting. New heating & air conditioning. Oversized Master Bedroom with large walk in closet. Huge shaded backyard with beautiful built in paver patio and gas fire pit that is ideal for entertaining. Lot has alley access for RV or Trailer parking. The manager has listed the unit size as 1248 square feet.
| |||
| May 22, 2015 | Sold | ||
| Sold | |||
| Apr 24, 2015 | Listed by LOF Realty | $449,000 | |
| Listed by LOF Realty | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About La Mesa
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Listed by: Brandon Loftus, LOF Realty
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 150021966
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 150021966
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