$840,000
●
House -
Off Market
1745 Bourke Place
El Cajon, CA 92021
4 Beds
2 Baths,
1
Half Bath
2,176 Ft²
$3,924
Est. Monthly
About This Property
Great value-add opportunity located in a highly sought after east
El Cajon neighborhood. This two story home features an expansive
floor plan with dual living spaces on the first floor and grand
entry. The formal living room is complimented by a wood burning
fireplace and open to the formal dining room. This is a large
common room great for entertaining. The kitchen divides the great
room and a large secondary living space. Upstairs you will find the
over sized primary suite with a walk in closet and ensuite
bathroom. The remaining non primary rooms are large and have a
shared common full bath. The backyard features a covered patio and
it is elevated in such a way above the homes behind it where it has
unobstructed views of the surrounding area. The oversized 2 car
garage has ample storage space. The yards and this house is a blank
slate for you to come in and improve to your preferences.
Unit Size
2,176 Ft²
Days on Market
42 days
Land Size
0.14 acres
Price per sqft
$367
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1976
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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 #PTP2403478)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 26, 2024 | Sold | ||
| Sold | |||
| Jun 14, 2024 | Listed by Coldwell Banker West | $799,000 | |
| Listed by Coldwell Banker West | |||
Property Highlights
Garage
Air Conditioning
Fireplace
With View
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
Currently no similar homes aroundNearby Rentals
Listed by: Steven Sladek, Coldwell Banker West
Last Updated: 12 months ago
Data Source: CRMLS, MLS# PTP2403478
Last Updated: 12 months ago
Data Source: CRMLS, MLS# PTP2403478
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