2510 Calle Gaviota

• Updated Kitchen: The updated kitchen with white cabinets and modern appliances adds value, estimated at $10,000. • Solar Panels: Solar panels on the adjacent building could potentially offer energy savings, adding approximately $5,000 in value. • Updated Kitchen • Detached Garage • Price Position: At $667.93 per square foot, the property is priced significantly higher than the recent median price per square foot in 92139 ($508). This suggests the property may be overpriced relative to the market. • Appreciation Trend: The property sold for $121,000 in 1996 and is now listed for $649,900, representing substantial long-term appreciation. However, recent year-over-year price increases in the 92139 zip code are 11.7%, providing a more relevant benchmark. • Investment Opportunity: After $16,000 in renovations, potential $9,100 equity gain (56.9% ROI) • Rental Income: $2,399/month with 99% occupancy (4.2% cap rate) • Safety: Compared to state averages, violent crime is 24.3% higher, and property crime is 8.0% lower. Compared to national averages, violent crime is 14.1% higher, and property crime is 10.4% higher. Robbery is significantly higher than both state (53.6%) and national (181.9%) averages. • Future Development: The property description mentions ADU potential, which could significantly increase property value and rental income. Verify local regulations and permitting requirements. • Natural light appears adequate, especially in the front rooms with windows. The kitchen also seems to have good natural light. • The layout appears functional with a living room, dining room, kitchen, two bedrooms, and one bathroom. The floor plan indicates a traditional layout.