$600,000
●
House -
Off Market
8921 Echo Drive
La Mesa, CA 91941
3 Beds
3 Baths
2,100 Ft²
$957,017
RealtyHop Estimate
57.15%
Since Sep 1, 2019
CA-San Diego
Primary Model
About This Property
Don't miss this spacious home in the heart of La Mesa! The
downstairs has a large family room, full bath, and bedroom could be
a mother in law suite or rental. Walk to the Village, Collier Park
and near SR94, SR125, I8. This home has so much to offer:
dual paned windows, roof 2.5 years old, new carpet and paint(inside
and out), 2 updated baths, remodeled kitchen, central heat/air, new
baseboard, new front door, and move in ready and neat as a pin! SEE
SUPPLEMENT This home sits above all others on the street and
has a wonderful view. Outdoor entertaining with your own tiki
bar! Tons of storage space and room for entertaining...Open
concept kitchen/dining to living room. Start your own garden with
plenty of space in the back of the property to plant! Detached two
car garage and ample parking in the back. Possible RV/Boat parking
too!. Neighborhoods: La Mesa Other Fees: 0 Sewer: Sewer
Connected Topography: GSL
Unit Size
2,100 Ft²
Days on Market
92 days
Land Size
0.27 acres
Price per sqft
$290
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1974
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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 #190029471)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 30, 2019 | Sold | ||
| Sold | |||
| May 30, 2019 | Listed by Tranquility Real Estate Svcs. | $609,000 | |
| Listed by Tranquility Real Estate Svcs. | |||
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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Type
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ft²
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Sold On
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HOA + Taxes
About La Mesa
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Listed by: Andrea Flint-Gogek, Tranquility Real Estate Svcs.
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190029471
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190029471
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