$760,000
●
Multifamily -
Off Market
1248 Lyons Ln
El Cajon, CA 92021
Studio
0 Bath
$1,283,797
RealtyHop Estimate
60.68%
Since Aug 1, 2018
CA-San Diego
Primary Model
About This Property
This apartment investment opportunity consists of two duplexes all
being 2BR/1BA units situated on a 14,670 SF lot. Tenant
amenities include LARGE private yards, off street parking, Laundry
Hook-ups, and individual hot water heaters. Current rental income
is significantly under market with huge upside potential.
This property offers a blank slate for an investor to
complete their own renovations and capitalize on the rents this
location may produce. Neighborhoods: Rancho El Cajon Other Fees: 0
Unit # for Unit 1: 1 Unit # for Unit 2: 2 Unit # for Unit 3: 3 Unit
# for Unit 4: 4 Unit 1 Parking Spaces: 2 Unit 2 Parking Spaces: 2
Unit 3 Parking Spaces: 2 Unit 4 Parking Spaces: 2 Number of
Furnished Units: 0
Unit Size
-
Days on Market
64 days
Land Size
0.34 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
-
Payment Calculator
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Cap Rate Calculator
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Operating Profit Per Year
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 #180024111)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 10, 2018 | Sold | ||
| Sold | |||
| May 7, 2018 | Listed by South Coast Commercial, Inc. | $799,000 | |
| Listed by South Coast Commercial, Inc. | |||
Property Highlights
Interior Details
Appliances: Gas Water Heater
Exterior Details
Year Built: 1970
Levels: One
Lot Size Area: 14670
Lot Size Units: Square Feet
Lot Size Acres: 0.34
Lot Size Square Feet: 14670
Utilities Details
Cooling Type: None
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/07/2018
| |
Studio
|
-
|
-
|
$799,000
Studio
-
|
$760,000
-4.88%
07/10/2018
|
Seth Watje
Starker West, Inc.
|
Building Info
About Bostonia
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Seth Watje, South Coast Commercial, Inc.
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 180024111
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 180024111
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