25121 Oak Lane
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 15, 2024 | Sold | ||
| Sold | |||
| Jul 2, 2024 | Listed by Keller Williams Realty | $599,900 | |
| Listed by Keller Williams Realty | |||
| | |||
|
Welcome to this unique property nestled in Descanso, where tranquility meets historical charm. This expansive lot features two distinct homes, surrounded by majestic boulders and a serene grove of oak trees. House 1 is a delightful 1-bedroom, 1-bathroom cabin, exuding quaintness and preserving its original character from the 1930s. Built by Peter Jacobs, one of five cabins of its kind, it boasts a captivating stone fireplace adorned with a beautiful heart motif. House 2, originally a horse stable and tack room, has been transformed into a charming country-style dwelling. Enjoy the comfort of a posh interior and unwind on the spacious Trex Deck while listening to the soothing sounds of the nearby seasonal creek.Both homes feature central Air/Heat and Dual Pane Windows, ensuring year-round comfort. The property offers ample amenities including potential RV Parking, a circular driveway, a sizable 2-car workshop with 400 AMP service, and a separate laundry room. Previously operated as a successful bed and breakfast and Airbnb, this property presents limitless potential. Located near biking, hiking, and horse trails, and just 45 miles from San Diego and 30 minutes to Julian, it's an ideal retreat for nature enthusiasts and urban escapists alike.Don’t miss this opportunity to own a piece of Descanso's history and all the beauty this property has to offer. Schedule your visit today and envision the endless possibilities awaiting you here.
| |||
| Jan 5, 2015 | Sold | ||
| Sold | |||
| Jun 18, 2014 | Listed by Sage Real Estate Co | $239,000 | |
| Listed by Sage Real Estate Co | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017