$430,000
●
House -
Off Market
1229 Lorna Ave
El Cajon, CA 92020
4 Beds
2 Baths
1,265 Ft²
$705,848
RealtyHop Estimate
57.91%
Since Jun 1, 2019
CA-San Diego
Primary Model
About This Property
Retro Ranch! 1957 Single Level with 4 Bedrooms, 2 Baths & 2
Car Garage on 6,000 Sqft lot. Front porch entry leads to open
living and dining room. Brick fireplace with custom built-in
bookshelves and mid century modern paneling accents the living
room. Plaster walls and ceilings throughout just waiting for a
fresh paint choice. This fixer upper is the one you have been
hoping to find! Retro, but ready for your own ideas!
Carpeting removed revealing original hardwood floors ready for your
choice. Original hardwood floors revealed and baseboards
removed so you can choose your own flooring after painting. Roll up
your sleeves and get to work on this blank canvas priced to sell!.
Neighborhoods: El Cajon Other Fees: 0 Topography: LL
Unit Size
1,265 Ft²
Days on Market
40 days
Land Size
0.14 acres
Price per sqft
$353
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1957
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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 #190016592)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| May 24, 2020 | In contract | - | |
| In contract | |||
| May 23, 2020 | Relisted | $499,999 | |
| Relisted | |||
| May 13, 2020 | In contract | - | |
| In contract | |||
| May 7, 2020 | Price Decreased |
$499,999
↓ $10K
(2%) | |
| Price Decreased | |||
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Property Highlights
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Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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Baths
ft²
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HOA + Taxes
About El Cajon
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Listed by: Sharon Davis, Coldwell Banker Res. Brokerage
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190016592
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190016592
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