$430,000
●
House -
Off Market
9039 Madison
La Mesa, CA 91941
3 Beds
2 Baths
1,838 Ft²
$905,548
RealtyHop Estimate
92.67%
Since Jul 1, 2015
CA-San Diego
Primary Model
About This Property
Don't let this one slip away! Charm, character and outstanding
potential are the best words used to describe this 3 bed / 2
bath La Mesa home. Great cul-de-sac location in a wonderful
neighborhood. With some TLC and updating, this place can be
transformed into the ideal home. It's the perfect fixer! The
roof was replaced in 2008. Buyer and buyer's agent to verify all
information including sq ft. prior to close of escrow.
Neighborhoods: Old La Mesa Equipment: Dryer, Range/Oven,
Shed(s), Washer Other Fees: 0 Sewer: Sewer Connected
Topography: LL
Unit Size
1,838 Ft²
Days on Market
28 days
Land Size
0.14 acres
Price per sqft
$256
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1950
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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 #150028902)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 3, 2020 | Sold | ||
| Sold | |||
| Aug 26, 2020 | Listed by Compass | $725,000 | |
| Listed by Compass | |||
| | |||
|
Updated La Mesa home located on a cul-de-sac near Mt. Helix within a short walk to Lemon Ave Elementary. Home features an open concept living space with large spacious rooms. Modern kitchen with stainless appliances and granite counter tops. Cozy family room opens to large covered rear deck. Large master bedroom with spa like bathroom. Hard wood flooring has been refinished, newer central air, plumbing has been updated, large rear yard has plenty of room for a garden, play structure or pool.
| |||
| Aug 22, 2019 | Sold | ||
| Sold | |||
| Jun 6, 2019 | Listed by Pacific Sotheby's Int'l Realty | $629,000 | |
| Listed by Pacific Sotheby's Int'l Realty | |||
 | |||
|
Updated La Mesa home located on a cul de sac near Mt Helix within a short walk to Lemon Ave Elementary. Home features an open concept living space with large spacious rooms. Modern kitchen with stainless appliances and granite counter tops. Cozy family room opens to large covered rear deck. Large master bedroom with spa like bathroom. Hard wood flooring has been refinished, new central AC has been added, plumbing has been updated, large rear yard has plenty of room for a garden, play structure, or pool. Neighborhoods: Old La Mesa Equipment: Range/Oven, Shed(s) Other Fees: 0 Sewer: Sewer Connected Topography: LL
| |||
| Dec 29, 2015 | Sold | ||
| Sold | |||
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Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About La Mesa
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Listed by: Michael Steinell, Landmark Real Estate Services
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 150028902
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 150028902
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