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1499 Bernita Way
About This Property
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 6, 2023 | Sold | ||
| Sold | |||
| Oct 10, 2023 | Listed by AARE | $1,275,000 | |
| Listed by AARE | |||
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Escape to your hidden private 0.7 acre oasis in the exclusive Mt. Helix/Horizon Hills area of El Cajon. You are 30 minutes to the action of downtown, airport or beach yet feel miles and miles away from the noise of the city. Nestled on a private road with neighbors that have horses and alpacas, this single level gated executive home will surely impress. Once inside your gate, enjoy the relaxing sounds of two water fountains...at the entry and outside the master bedroom patio doors. Relax in your mediterranean escape complete with an in-ground pool and jacuzzi. At night, there's the interchangeable pool lights with solar lighted tiki lights leading you to your jacuzzi. There's a pool house with a bathroom and outside shower that is not configured in the total square footage. It is unpermitted. This extra space is perfect for remote work or any creative hobbly for either relaxation or work. The park-like grounds come complete with a majestic Torrey Pine and fruit trees... figs, key limes and pomegranates. There is also a large garden box that will help satisfy anyone itching to start a garden. The entire house has wood floors, built-in closets, granite kitchen, and a recently renovated Master Bathroom. The expansive yard provides all the space you need to throw that amazing pool party with ample space for fun-filled gatherings. The house has solar panels that wil be paid off at the close of escrow. The listing agent is related to the seller.
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| Jun 11, 2014 | Sold | ||
| Sold | |||
| Apr 28, 2014 | Listed by Realty Masters & Associates | $620,000 | |
| Listed by Realty Masters & Associates | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017