Updated Dec 21, 2023
Qing Yu Acquires $7.25M La Jolla SFR On Hillside Drive With Rep Simon Polito - The Polito Group
7430 Hillside Drive, La Jolla, California 92037, United States
$7,250,000
$1,154/SF
Building Size
6,278 SF
Asset Type
Single Family Residence
Closing
Mar 2, 2022
About this deal
AI
The property at 7430 Hillside Drive in La Jolla has been sold for $7,250,000. This single-family residential (SFR) property spans across 6,278 square feet, resulting in a price per square foot (PPSF) of $1,154. The transaction took place on 03/03/2022. The property was listed by Simon Polito, from The Polito Group, and represented by broker Simon Polito, whose contact number is 858-333-6977. The sale of this property marks the closing of a significant deal in the La Jolla market.
Summary of transaction details
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $7,250,000
- Square Footage: 6,278
- Price per Square Foot (PPSF): $1,154
- Address: 7430 Hillside Drive, La Jolla
- Market: La Jolla
This sale was made by buyer Qing Yu, who made a notable investment in the property. The broker representing both the buyer and the seller in this transaction was Simon Polito from The Polito Group. Additional information can be found on the property's official website at www.7430HillsideDrive.com. The listed broker, Simon Polito, can be reached at 858-333-6977. With the completion of this sale, Hillside Drive in La Jolla proves to be a prime location for real estate investments.
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San Diego Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.2K per square foot on a published $7.3M for 6,278 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93