$660,000
●
Condo -
Off Market
8850 Olive Ln #6
Santee, CA 92071
4 Beds
3 Baths
1,302 Ft²
$3,477
Est. Monthly
$290
HOA / Fees
8.71%
Cap Rate
About This Property
This 4-bedroom, 3-bathroom home from 2019 is fully furnished and
equipped with PAID solar panels. The modern kitchen boasts
stainless steel appliances, white thermofoil cabinets, and quartz
countertops. Additional features include a tankless water heater,
indoor laundry, and a balcony. With central air conditioning and
laminate flooring throughout, plus carpeted bedrooms. The attached
2-car garage offers ample storage. Located within walking distance
to shops, public transport, eateries, and schools, it's also
conveniently close to parks, lakes, and trails. Amenities include a
playground and picnic area. Ready for immediate occupancy!
Unit Size
1,302 Ft²
Days on Market
62 days
Land Size
-
Price per sqft
$498
Property Type
Condo
Property Taxes
-
HOA Dues
$290
Year Built
2019
Payment Calculator
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Cap Rate Calculator
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Monthly Rental Income
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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: 3 years ago (CRMLS #240011096SD)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 24, 2024 | Sold | ||
| Sold | |||
| May 17, 2024 | Listed by eXp Realty of California, Inc. | $649,000 | |
| Listed by eXp Realty of California, Inc. | |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Garage Spaces: 2
Garage Spaces: 2
Has Attached Garage: Yes
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 4
Full Bathrooms: 3
Levels: ThreeOrMore
Interior Features: Loft
Appliances: Dishwasher, Gas Cooktop
Living Area Square Feet Source: PublicRecords
Laundry Features: Washer Hookup, Gas Dryer Hookup, Laundry Room
Exterior Details
Year Built: 2019
Parcel Number: 3843300806
Home Type: Residential
Roof: SpanishTile
Construction Materials: Stucco
Pool Features: None
Lot Size Source: Other
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Location Details
Association Fee: $290
Association Fee Frequency: Monthly
Subdivision: Santee
Subdivision Name: Santee
Directions: Cross Street: Mission Gorge.
Other Details
Listing Terms: Cash, Conventional, FHA
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 |
|---|---|---|---|---|---|---|---|
|
04/03/2024
|
3 Bed
|
3 Bath
|
1302 ft²
|
$699,900
3 Bed
3 Bath
1302 ft²
|
-
-
|
Jeff Hinds
Compass
| |
|
05/17/2024
|
4 Bed
|
3 Bath
|
1302 ft²
|
$649,000
4 Bed
3 Bath
1302 ft²
|
$660,000
+1.69%
07/24/2024
|
Justin Shokoor
eXp Realty of California Inc
| |
|
01/05/2023
|
3 Bed
|
3 Bath
|
1302 ft²
|
$619,900
3 Bed
3 Bath
1302 ft²
|
-
-
|
Gregg Phillipson
Keller Williams Realty
| |
|
11/12/2021
|
3 Bed
|
3 Bath
|
1302 ft²
|
$599,900
3 Bed
3 Bath
1302 ft²
|
-
-
|
Shaun Mcdonald
Redfin Corporation
| |
|
11/11/2021
|
3 Bed
|
3 Bath
|
1302 ft²
|
$549,900
3 Bed
3 Bath
1302 ft²
|
$578,000
+5.11%
01/07/2022
|
Bradley Ihms
eXp Realty of California Inc
| |
|
01/01/2019
|
4 Bed
|
3 Bath
|
1306 ft²
|
$487,990
4 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
04/12/2019
|
3 Bed
|
3 Bath
|
1306 ft²
|
$469,990
3 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
03/01/2019
|
3 Bed
|
3 Bath
|
1306 ft²
|
$484,990
3 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
09/07/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
-
4 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
08/17/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
-
4 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
01/04/2019
|
4 Bed
|
3 Bath
|
1306 ft²
|
$478,990
4 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
10/05/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
$459,990
4 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
07/20/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
-
4 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
07/06/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
$474,990
4 Bed
3 Bath
1306 ft²
|
$483,355
+1.76%
05/14/2019
|
Catherine Nicholas
CADO Real Estate Group
| |
|
05/09/2018
| |
4 Bed
|
3 Bath
|
1306 ft²
|
$474,990
4 Bed
3 Bath
1306 ft²
|
$476,000
+0.21%
04/12/2019
|
Catherine Nicholas
|
|
05/09/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
-
4 Bed
3 Bath
1306 ft²
|
-
-
|
-
| |
|
04/02/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
$474,990
4 Bed
3 Bath
1306 ft²
|
$475,840
+0.18%
04/12/2019
|
Catherine Nicholas
CADO Real Estate Group
| |
|
04/02/2018
|
4 Bed
|
3 Bath
|
1306 ft²
|
$464,990
4 Bed
3 Bath
1306 ft²
|
$468,175
+0.68%
04/12/2019
|
Catherine Nicholas
CADO Real Estate Group
| |
|
09/27/2017
|
4 Bed
|
3 Bath
|
1298 ft²
|
$466,990
4 Bed
3 Bath
1298 ft²
|
$469,990
+0.64%
05/03/2019
|
Catherine Nicholas
CADO Real Estate Group
|
Building Info
About Santee
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Listed by: Justin Shokoor, eXp Realty of California, Inc.
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 240011096SD
Last Updated: 3 years ago
Data Source: CRMLS, MLS# 240011096SD
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