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10916 New Salem Court

San Diego, CA 92126
  • $1,700,000
  • STATUS: Active
  • ON SITE: 7 Days
  • ID#: PV22172675
UPDATED: 29 min ago
$1,700,000
  • 5
    BEDS
  • 0.16
    ACRES
  • 3
    BATHS
  • 1
    1/2 BATHS
  • 2,599
    SQFT
  • $654
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1972
County:

School Ratings & Info

School District:
Listing Agent(s): Alexander Good of Homevana (888-854-8588) and Alexander Good of Freealty(888-854-8508)


Description

INVESTMENT OPPORTUNITY! 2 HOUSES with 2 separate and private entries, 2 separate and private back yards, 2 separate addresses and separate utilities. Situated in a quiet cul-de-sac neighborhood. First house has 1,445 sqft and worth $1,000,000 Second house has 1,200 sqft and worth $850,000. To be sold together at a discounted price of $1,700,000 First house is tastefully remodeled and has a nice size of backyard with exotic fruit trees and new studio. The Second house is newly built. It has a modern interior, fantastic view from the second floor and is rented for $3,100 a month. Owner financing is available with 50% down. If you live in one house and rent the other one your house payments will be about $3,500. If you rent out both houses you will have around $90,000 annual income. That's a Cap rate of 5% . Plus real estate property appreciation of average 6% a year. In 10 years it will amount to 1.3M. This is very good INVESTMENT OPPORTUNITY. DON'T MISS IT.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-13T13:31:47.127. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Homes & Casas Real Estate | Homestead Real Estate. Licensed in the State of California, USA.
www.rgahomes.com/homes/131886605
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10916 New Salem Court San Diego, CA 92126

  • Price: $1,700,000
  • Status: Active
  • On Site: 7 Days
  • Updated: 29 min ago
  • ID#: PV22172675
5
Beds
3
Baths
1
½ Baths
0.16
Acres
2,599
SQFT
$654
$/SQFT
1972
Built
Neighborhood:
Mira Mesa
County:
San Diego
Area:
92126 - Mira Mesa
School District:
San Diego Unified
Property Description
INVESTMENT OPPORTUNITY! 2 HOUSES with 2 separate and private entries, 2 separate and private back yards, 2 separate addresses and separate utilities. Situated in a quiet cul-de-sac neighborhood. First house has 1,445 sqft and worth $1,000,000 Second house has 1,200 sqft and worth $850,000. To be sold together at a discounted price of $1,700,000 First house is tastefully remodeled and has a nice size of backyard with exotic fruit trees and new studio. The Second house is newly built. It has a modern interior, fantastic view from the second floor and is rented for $3,100 a month. Owner financing is available with 50% down. If you live in one house and rent the other one your house payments will be about $3,500. If you rent out both houses you will have around $90,000 annual income. That's a Cap rate of 5% . Plus real estate property appreciation of average 6% a year. In 10 years it will amount to 1.3M. This is very good INVESTMENT OPPORTUNITY. DON'T MISS IT.
Exterior Features

Attached Garage YN Yes Lot Features Back Yard Parking Total 1 Pool Features None Pool Private YN No Property Attached YN No View Neighborhood View YN Yes

Interior Features

Common Walls No Common Walls Cooling Central Air Cooling YN Yes Fireplace Features None Fireplace YN No Main Level Bathrooms 1 Main Level Bedrooms 0

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Suburban Garage YN Yes Land Lease YN No Laundry Features Inside Lease Considered YN No Levels OneTwo Listing Agreement Exclusive Right To Sell Listing Service Entry Only Listing Terms CashCash To New LoanConventionalOwner Will CarryOwner May CarryPrivate Financing AvailableSubmit New Construction YN No Property Sub Type Single Family Residence Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type House Water Source Public Zoning Rs-1-14



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-13T13:31:47.127. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Homes & Casas Real Estate | Homestead Real Estate. Licensed in the State of California, USA.
 
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Homes & Casas Real Estate | Homestead Real Estate
3790 Via De La Valle Suite 301
Del Mar CA, 92014
Listing Agent(s): Alexander Good of Homevana (888-854-8588) and Alexander Good of Freealty(888-854-8508)