$580,000
●
House -
Off Market
2068 Granite Hills Drive
El Cajon, CA 92019
2 Beds
3 Baths
2,277 Ft²
$1,086,713
RealtyHop Estimate
85.76%
Since Sep 1, 2014
National-US
Primary Model
About This Property
The first thing that will surely catch your eye is the Beautifully
Landscaped Property! You'll find plenty of parking spaces and
garage space with attached & detached garages. Upon entering the
home you'll notice an Open Concept Living Area; plenty of room to
relax or entertain. The back patio has a portable spa and built-in
BBQ, it really is an Entertainers Delight! With the large Master
Suite, this is truly a beautiful home inside and out, this is a
must see property! Very private but is close to all. Neighborhoods:
Granite Hills Equipment: Garage Door Opener, Range/Oven Other Fees:
0 Sewer: Septic Installed Topography: LL,GSL
Unit Size
2,277 Ft²
Days on Market
109 days
Land Size
0.81 acres
Price per sqft
$257
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1999
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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: 5 months ago (SDMLS #140025104)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 6, 2024 | Sold | ||
| Sold | |||
| May 15, 2024 | Listed by Big Block Realty, Inc | $1,280,000 | |
| Listed by Big Block Realty, Inc | |||
| | |||
|
ADU! Incredible opportunity to own a newer, income-generating property in the highly desired Granite Hills neighborhood. Main house was built in 1999 and features 4 bedrooms, 3 full bathrooms, and a 2-car attached garage. Kitchen has been updated with quartz countertops and newer stainless appliances - all included. Huge master suite with massive walk-in closet. Covered back patio with built in BBQ and sink is perfect for entertaining. 3rd car garage space converted into 4th bedroom with walk-in closet - main house is approximately 2,500 square feet. Large grassy yard with sweeping views. Detached ADU is 2 bedrooms, 1.5 baths, 1,150 square feet, and has its own driveway and yard - completely fenced off from main house. Recently renovated with luxury laminate flooring, new bathrooms and full kitchen. Both the main home and ADU have tile roofs, stucco siding and slab foundations. OWNED SOLAR. The ADU was rented for $2,750/mo (tenants moved out Aug. 1st). Use the ADU for extended family, rent it out long term, or use as an AirBNB for even higher income potential. Quiet setting at the top end of Granite Hills Drive amongst million-dollar homes and just a short walk from Granite Hills High School, Madison Avenue Elementary, Montgomery Middle School and Kennedy Park.
| |||
| Feb 2, 2022 | No longer available | - | |
| No longer available | |||
| Nov 26, 2021 | In contract | - | |
| In contract | |||
| Nov 24, 2021 | Relisted | $997,500 | |
| Relisted | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Granite Hills
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Listed by: Steve Mendenhall, Bennion Deville Homes
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 140025104
Last Updated: 5 months ago
Data Source: CRMLS, MLS# 140025104
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