$750,000
●
Land -
Off Market
1251 Persimmon Avenue
El Cajon, CA 92021
Studio
0 Bath
$1,150,661
RealtyHop Estimate
48.66%
Since Jul 1, 2020
CA-San Diego
Primary Model
About This Property
Opportunity for a hands-on investor to secure a fully entitled
21,021 square foot corner lot tucked between other well kept
condominium communities in the Bostonia pocket of El Cajon
(Property situated in San Diego County). Plans are APPROVED AND
STAMPED also Tentative Condo Map approved- 7X ~1,681 sf (Living
space) 3-bed, 2.5-bath townhomes each with attached drive-in ~520sf
garages. Units offer both walkout balconies on the second floor and
fenced patio spaces on ground. 30 min drive to La Jolla.
Neighborhoods: Bostonia Other Fees: 150000
Unit Size
-
Days on Market
194 days
Land Size
0.48 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1942
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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: 5 months ago (SDMLS #200001056)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 12, 2020 | Sold | ||
| Sold | |||
| Dec 1, 2019 | Listed by Marcus & Millichap | $774,000 | |
| Listed by Marcus & Millichap | |||
| May 18, 2017 | Sold | ||
| Sold | |||
| Apr 5, 2017 | Listed by Keller Williams Carmel Valley | $500,000 | |
| Listed by Keller Williams Carmel Valley | |||
| | |||
|
Value in the land - check with county regarding number of units that can be built. Zoned RV. Documents from County under documents in MLS. Living room is currently being used as master bedroom. Spacious great room features kitchen area, family room and dining area. Cozy feel with wood paneling. Wood burning stove does NOT convey. Window A/C unit does NOT convey - Nice flat corner lot - 3 car detached garage. A lot of possibilities. Neighborhoods: Bostonia Equipment: Dryer, Range/Oven, Washer Other Fees: 0 Sewer: Sewer Connected Topography: LL
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Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Bostonia
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Currently no similar homes aroundNearby Rentals
Listed by: Aziz Zakkout, Marcus & Millichap
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 200001056
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 200001056
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