$1,030,000
●
House -
Off Market
1469 Melody Ln
El Cajon, CA 92019
4 Beds
3 Baths
2,506 Ft²
$4,665
Est. Monthly
About This Property
The well-known log cabin home on Melody Lane, a familiar sight to
many, is now on the market for the first time and ready for its new
homeowners! This impressive, large two-story home features not one,
but TWO expansive Primary Suites, ideal for multi-generational
living, each suite with its own distinct design. The first Primary
Suite is located on the ground floor and has its own entrance.
The second Primary Suite can be found on the upper level.
Both Suites boast spacious walk-in closets, dual bathroom sinks
with a separate private toilet. The home is open, bright and airy,
with a lovely wood-burning fireplace in the living room, great for
cozy nights. The family room on the main level is perfect
additional entertaining space in this large family home. The
property has 19 PAID SOLAR panels to help cut down on utility
bills. The large, private FULLY enclosed yard includes an open
concrete driveway, separate RV/Boat parking and automatic gate
entrance. Ensuring extra security and privacy for both family and
pets. Seize the chance before this unique log cabin GEM is off the
market.
Unit Size
2,506 Ft²
Days on Market
42 days
Land Size
0.22 acres
Price per sqft
$379
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1949
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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: 12 months ago (SDMLS #PTP2403342)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 30, 2024 | Sold | ||
| Sold | |||
| Jun 7, 2024 | Listed by Coldwell Banker West | $950,000 | |
| Listed by Coldwell Banker West | |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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
About El Cajon
Similar Homes for Sale
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Listed by: Sandy Rodriguez, Coldwell Banker West
Last Updated: 12 months ago
Data Source: CRMLS, MLS# PTP2403342
Last Updated: 12 months ago
Data Source: CRMLS, MLS# PTP2403342
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