$497,000
●
House -
Off Market
8875 Lemon Avenue
La Mesa, CA 91941
3 Beds
2 Baths
1,860 Ft²
$1,067,149
RealtyHop Estimate
115.59%
Since Aug 1, 2013
CA-San Diego
Primary Model
About This Property
Pride of ownership! Majestic home with lovely upgraded kitchen, and
bathrooms. Ceramic tile floors, marble counters, amazing.
Beautifully landscaped enclosed yard. Balcony with a wonderful view
of Mount Helix. Bonus Studio(not included in square footage)with
kitchenette, and bathroom. Walking distance to La Mesa
Village...This is a must see! Neighborhoods: La Mesa Colony
Equipment: Garage Door Opener Other Fees: 0 Guest House Est. SQFT:
300
Unit Size
1,860 Ft²
Days on Market
105 days
Land Size
0.17 acres
Price per sqft
$266
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1964
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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: 4 months ago (SDMLS #130018446)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 21, 2020 | No longer available | - | |
| No longer available | |||
| Feb 5, 2020 | Listed | $650,000 | |
| Listed | |||
| | |||
|
Updated home walking distance to downtown La Mesa! ***Detached studio casita with vaulted ceilings, kitchenette, full bathroom, and separate entrance. The perfect space for long term guests or extra income potential! ***Huge and bright family room on the second floor with a large balcony. ***Spacious kitchen with plenty of prep space and cabinets, stainless steel appliances, including a beverage fridge, and an eat-in dining area. ***Water softening and reverse osmosis systems... (See Supplement) The manager has listed the unit size as 1860 square feet.
| |||
| Jul 19, 2013 | Sold | ||
| Sold | |||
| Apr 5, 2013 | Listed by Keller Williams SD Metro | $495,000 | |
| Listed by Keller Williams SD Metro | |||
Property Highlights
Air Conditioning
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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ft²
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About La Mesa
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Listed by: Luis Flores, Keller Williams SD Metro
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 130018446
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 130018446
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