$500,000
●
House -
Off Market
1167 Sumner Avenue
El Cajon, CA 92021
4 Beds
2 Baths
1,769 Ft²
$860,546
RealtyHop Estimate
56.49%
Since Jan 1, 2020
CA-San Diego
Primary Model
About This Property
Great development opportunity for build-out! Looking for a
fixer/flipper look no further than this large, almost ½ acre flat
lot. Ideal for duplexes – property is zoned Residential Variable.
Dream project for a lucrative investment. Current house is a 4
bedroom, 2 bath which could be rented out while demo/reconstruction
occurs. Ideal rental neighborhood with plenty of upside potential
close to shopping, schools, churches and neighborhood amenities.
Take a look at what's been done on the lot next door Neighborhoods:
Bostonia / El Cajon Equipment: Range/Oven Other Fees: 0
Sewer: Sewer Connected Topography: LL
Unit Size
1,769 Ft²
Days on Market
81 days
Land Size
0.45 acres
Price per sqft
$311
Property Type
House
Property Taxes
-
HOA Dues
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Year Built
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Cap Rate Calculator
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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 #190054443)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 23, 2019 | Sold | ||
| Sold | |||
| Oct 3, 2019 | Listed by Berkshire Hathaway HomeService | $549,900 | |
| Listed by Berkshire Hathaway HomeService | |||
| | |||
|
Variance granted Lot/Lnd. Great development opportunity for build-out! Looking for a fixer/flipper look no further than this large, almost ½ acre flat lot. Ideal for duplexes – property is zoned Residential Variable. Dream project for a lucrative investment. Current house is a 4 bedroom, 2 bath which could be rented out while demo/reconstruction occurs. Ideal rental neighborhood with plenty of upside potential close to shopping, schools, churches and neighborhood amenities. Neighborhoods: Bostonia / El Cajon Other Fees: 0 Sewer: Sewer Connected
| |||
Property Highlights
Fireplace
Garage
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ft²
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About Bostonia
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Gregg Neuman, Berkshire Hathaway HomeService
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190054443
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190054443
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