$505,000
●
Condo -
Off Market
1622 Summertime Dr
El Cajon, CA 92021
3 Beds
1 Bath
1,035 Ft²
$2,906
Est. Monthly
$500
HOA / Fees
7.43%
Cap Rate
About This Property
This beautifully updated three-bedroom, one-bathroom home in El
Cajon offers modern finishes, an open-concept layout, and a prime
location. The spacious living area features natural light,
wood-style flooring, and a seamless flow into the kitchen. The
kitchen is designed with quartz countertops, European-style
cabinetry, stainless steel appliances, and elegant pendant lighting
over a large island. The primary bedroom offers a peaceful
retreat with ample space, while the additional bedrooms provide
flexibility for a home office or guest space. The updated bathroom
showcases contemporary finishes, a stylish vanity, and a sleek
glass-enclosed shower. Step outside to a private patio,
perfect for outdoor dining or relaxation. This home is located in a
well-maintained community with a sparkling pool, lush landscaping,
and low HOA fees. Conveniently situated right off the freeway, this
property offers easy access to shopping, dining, and entertainment,
making it an ideal home for comfort and convenience.
Unit Size
1,035 Ft²
Days on Market
101 days
Land Size
-
Price per sqft
$473
Property Type
Condo
Property Taxes
-
HOA Dues
$500
Year Built
1974
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Cap Rate Calculator
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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: 2 years ago (SDMLS #250025651SD)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 3, 2025 | Sold | ||
| Sold | |||
| Jul 10, 2025 | In contract | - | |
| In contract | |||
| Jul 3, 2025 | Price Decreased |
$489,900
↓ $9K
(1.8%) | |
| Price Decreased | |||
| Jun 26, 2025 | Relisted | $499,000 | |
| Relisted | |||
| Jun 10, 2025 | In contract | - | |
| In contract | |||
Show More
Property Highlights
Air Conditioning
Parking Details
Has Garage
Parking Features: Uncovered
Garage Spaces: 1
Open Parking Spaces: 1
Interior Details
Full Bathrooms: 1
Appliances: Dishwasher, Disposal, Microwave, Refrigerator
Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room
Exterior Details
Has Property Attached
Square Footage: 1035
Square Footage Source: $0
Year Built: 1974
Levels: One
Construction Materials: Stucco
Pool Features: Community
Utilities Details
Cooling Type: Central Air
Heating Type: Electric, Forced Air
Location Details
HOA/Condo/Coop Fee Includes: Sewer
HOA/Condo/Coop Amenities: Insurance, Trash, Water
HOA Fee: $500
HOA Fee Frequency: Monthly
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 |
|---|---|---|---|---|---|---|---|
|
04/25/2025
| |
3 Bed
|
1 Bath
|
1035 ft²
|
$524,900
3 Bed
1 Bath
1035 ft²
|
$505,000
-3.79%
08/03/2025
|
Victoria Sandoval
Select Premier Properties
|
Building Info
About Bostonia
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Listed by: Victoria Sandoval, Select Premier Properties
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 250025651SD
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 250025651SD
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