50
Map
2004 Shire Drive
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%.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 15, 2026 | Listed by LPT Realty, Inc | $1,495,000 | |
| Listed by LPT Realty, Inc | |||
| May 26, 2026 | Sold | ||
| Sold | |||
| May 16, 2026 | In contract | - | |
| In contract | |||
| May 7, 2026 | Listed by Coldwell Banker Realty | $899,900 | |
| Listed by Coldwell Banker Realty | |||
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Opportunity rarely arrives with this much land. Set on a sprawling 1.19-acre lot in the established Rancho El Cajon neighborhood of El Cajon, 2004 Shire Drive is a 3-bedroom, 3-bath single-family home offering a canvas for the buyer with vision—investor, renovator, or estate-minded owner-occupant alike. The lot is the headline. At over 51,000 square feet, the property features mature bougainvillea, towering trees, established landscaping, and an in-ground pool—all setting the stage for what this estate could become. A wood pergola runs along the side of the home, leading to a covered patio area framed by magenta bougainvillea in full bloom. Multiple sheds offer additional storage or workshop potential. Inside, 2,396 square feet of single-level living includes a generous great room anchored by a classic brick fireplace with flanking built-in cabinetry—a focal point with real architectural character. The kitchen features a functional peninsula layout with ample cabinetry. The home retains its original mid-century character throughout, priced accordingly for the buyer ready to bring their own update. Rounding out the offering: 2-car attached garage and a school zone that feeds into Granite Hills High School. Sold as-is through a trust—an estate sale offering real value in a market where lots of this size are increasingly rare.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017