$440,000
●
Townhouse -
Off Market
389 Shady Lane #E
El Cajon, CA 92021
2 Beds
3 Baths,
1
Half Bath
1,050 Ft²
$2,593
Est. Monthly
$432
HOA / Fees
7.36%
Cap Rate
About This Property
Priced to sell Townhome in a Gated Complex. This charming 2-bed,
2.5-bath townhome offers an inviting living space with fresh paint
and new carpet, creating a bright and welcoming atmosphere. Master
bedroom, complete with an en-suite bathroom and ample closet space.
Enjoy outdoor living on the cute patio, ideal for morning coffee or
evening relaxation. This townhome includes one assigned parking
spot and a one-car detached garage. Recent upgrades include a new
washer/dryer, HVAC system was replaced approximately 5 years. This
townhome is priced attractively, offering a fantastic opportunity
for families that are looking for an affordable home. Located
close to local amenities, schools, and parks, this property is
perfect for those seeking a vibrant community with a comfortable
lifestyle. Don't miss out on this incredible opportunity-schedule a
viewing today and make this beautiful townhome your new home!
Unit Size
1,050 Ft²
Days on Market
28 days
Land Size
0.49 acres
Price per sqft
$419
Property Type
Townhouse
Property Taxes
-
HOA Dues
$432
Year Built
-
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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: 3 years ago (CRMLS #PTP2404644)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 30, 2024 | Sold | ||
| Sold | |||
| Aug 8, 2024 | In contract | - | |
| In contract | |||
| Aug 2, 2024 | Listed by Realty One Group Pacific | $428,900 | |
| Listed by Realty One Group Pacific | |||
Property Highlights
Parking Available
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Garage Spaces: 1
Open Parking Spaces: 1
Garage Spaces: 1
Total Garage and Parking Spaces: 2
Interior Details
Bedrooms: 2
Full Bathrooms: 2
Half Bathrooms: 1
Bathrooms on Main Level: 1
Levels: One
Interior Features: Balcony, All Bedrooms Up
Appliances: Dishwasher, Electric Cooktop, Microwave, Refrigerator
Flooring Type: Carpet, Tile
Living Area Square Feet Source: Assessor
Laundry Features: Inside
Has Fireplace
Living Room
Exterior Details
Year Built: 1981
Parcel Number: 4891622208
Home Type: Residential
Outdoor Living Structures: Patio
Pool Features: None
Lot Size Source: Assessor
Lot Size Acres: 0.49
Utilities Details
Cooling Type: Central Air
Location Details
Association Fee: $432
Association Fee Frequency: Monthly
Community Features: Sidewalks
High School District: Grossmont Union
Directions: From 8 freeway exit 2nd street. Turn right on E Madison Ave, Left on Shady
Other Details
Listing Terms: Cash, Conventional, VALoan
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 |
|---|---|---|---|---|---|---|---|
|
02/07/2026
|
2 Bed
|
2 Bath
|
1050 ft²
|
$439,999
2 Bed
2 Bath
1050 ft²
|
$420,000
-4.55%
04/03/2026
|
Mike Aqrawi
eXp Realty of California, Inc.
| |
|
11/01/2024
|
3 Bed
|
2 Bath
|
1386 ft²
|
$588,000
3 Bed
2 Bath
1386 ft²
|
$465,000
-20.92%
05/07/2025
|
Zina Hanna
Coldwell Banker West
| |
|
08/02/2024
|
2 Bed
|
3 Bath
|
1050 ft²
|
$428,900
2 Bed
3 Bath
1050 ft²
|
$440,000
+2.59%
08/30/2024
|
Ricardo Velarde
Realty One Group Pacific
| |
|
11/20/2022
|
3 Bed
|
2.5 Bath
|
1386 ft²
|
$489,000
3 Bed
2.5 Bath
1386 ft²
|
-
-
|
Mike Yalda
Keller Williams Realty
| |
|
02/12/2022
|
2 Bed
|
3 Bath
|
1050 ft²
|
$429,000
2 Bed
3 Bath
1050 ft²
|
-
-
|
Jonathan Mann
Strata Property Solutions Inc.
| |
|
11/19/2021
|
2 Bed
|
3 Bath
|
1050 ft²
|
$395,900
2 Bed
3 Bath
1050 ft²
|
$415,000
+4.82%
12/28/2021
|
Michael Tanous
Sunny Coast Realty
| |
|
11/05/2021
|
3 Bed
|
3 Bath
|
1386 ft²
|
$449,000
3 Bed
3 Bath
1386 ft²
|
$485,000
+8.02%
12/14/2021
|
Jill Vodicka
RE/MAX United
| |
|
07/31/2020
|
3 Bed
|
2 Bath
|
1386 ft²
|
$349,900
3 Bed
2 Bath
1386 ft²
|
$360,000
+2.89%
09/02/2020
|
Courtney Cameron
Big Block Realty, Inc
| |
|
08/17/2018
| |
2 Bed
|
2 Bath
|
1050 ft²
|
$289,000
2 Bed
2 Bath
1050 ft²
|
$278,500
-3.63%
02/05/2019
|
Colleen Moore
Thank You Heroes Realty
|
|
10/14/2016
|
2 Bed
|
2 Bath
|
1050 ft²
|
$239,900
2 Bed
2 Bath
1050 ft²
|
$240,000
+0.04%
12/29/2016
|
Brian Lozano-Torres
Keller Williams Realty
| |
|
08/07/2013
|
3 Bed
|
2 Bath
|
1386 ft²
|
$199,900
3 Bed
2 Bath
1386 ft²
|
$190,000
-4.95%
12/24/2013
|
Rose Avedisian
Bancroft Realty
| |
|
04/21/2012
|
2 Bed
|
2 Bath
|
1050 ft²
|
$105,000
2 Bed
2 Bath
1050 ft²
|
$107,200
+2.10%
08/01/2012
|
Marc Carpenter
Allison James Estates & Homes
| |
|
01/03/2012
|
2 Bed
|
2 Bath
|
1050 ft²
|
$129,000
2 Bed
2 Bath
1050 ft²
|
$125,000
-3.10%
02/10/2012
|
Hillary Knutson
Middleton & Associates
|
Building Info
About El Cajon
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Ricardo Velarde, Realty One Group Pacific
Last Updated: 3 years ago
Data Source: CRMLS, MLS# PTP2404644
Last Updated: 3 years ago
Data Source: CRMLS, MLS# PTP2404644
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