555 Manzanita 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 |
|---|---|---|---|
| Aug 27, 2025 | Listed | $524,999 | |
| Listed | |||
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Live in One Unit, Rent the Other—Unmatched Views & Income Potential in Julian, CA! Discover the perfect opportunity to own, not rent, in Southern California with this VERSATILE 2-UNIT PROPERTY in Julian, CA—IDEAL FOR BUYERS LOOKING TO OFFSET THEIR MORTGAGE WITH RENTAL INCOME. The upper unit is a 1-bedroom, 1-bathroom home featuring unobstructed views of the Anza-Borrego Desert and the Salton Sea on clear days. Below, a separate 600 sq. ft. studio apartment with its own entrance provides excellent income potential or a private space for guests. This property currently operates as a successful short-term rental, offering buyers an excellent opportunity to offset their mortgage or generate supplemental income. Whether you choose to reside in one unit and rent the other or continue operating it as a vacation rental, the potential for income is substantial. Enjoy the peaceful, nature-filled lifestyle Julian is known for, just a short drive from city life. With fresh air, scenic beauty, and a vibrant local scene including hiking, music festivals, breweries, and wineries, it’s no wonder this charming mountain town is one of San Diego’s best-kept secrets. Whether you’re a first-time homebuyer, investor, or remote worker dreaming of tranquility, this home offers flexibility, functionality, and financial sense. With real estate still the safest long-term investment, this is your chance to secure a deal with income potential in an unbeatable location. Julian is a charming historic town nestled in the Cuyamaca Mountains, about an hour east of San Diego. Known for its small-town charm, gold rush history, and famous apple orchards, Julian is a popular getaway for those looking to enjoy fresh mountain air, scenic landscapes, and a slower pace of life. Real estate in Julian ranges from historic cabins to modern mountain retreats, making it an ideal location for those looking for a peaceful, nature-filled lifestyle with easy access to San Diego.
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| Jun 17, 2025 | Listed | $524,999 | |
| Listed | |||
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Live in One Unit, Rent the Other—Unmatched Views & Income Potential in Julian, CA! Discover the perfect opportunity to own, not rent, in Southern California with this VERSATILE 2-UNIT PROPERTY in Julian, CA—IDEAL FOR BUYERS LOOKING TO OFFSET THEIR MORTGAGE WITH RENTAL INCOME. The upper unit is a 1-bedroom, 1-bathroom home featuring unobstructed views of the Anza-Borrego Desert and the Salton Sea on clear days. Below, a separate 600 sq. ft. studio apartment with its own entrance provides excellent income potential or a private space for guests. This property currently operates as a successful short-term rental, offering buyers an excellent opportunity to offset their mortgage or generate supplemental income. Whether you choose to reside in one unit and rent the other or continue operating it as a vacation rental, the potential for income is substantial. Enjoy the peaceful, nature-filled lifestyle Julian is known for, just a short drive from city life. With fresh air, scenic beauty, and a vibrant local scene including hiking, music festivals, breweries, and wineries, it’s no wonder this charming mountain town is one of San Diego’s best-kept secrets. Whether you’re a first-time homebuyer, investor, or remote worker dreaming of tranquility, this home offers flexibility, functionality, and financial sense. With real estate still the safest long-term investment, this is your chance to secure a deal with income potential in an unbeatable location. Julian is a charming historic town nestled in the Cuyamaca Mountains, about an hour east of San Diego. Known for its small-town charm, gold rush history, and famous apple orchards, Julian is a popular getaway for those looking to enjoy fresh mountain air, scenic landscapes, and a slower pace of life. Real estate in Julian ranges from historic cabins to modern mountain retreats, making it an ideal location for those looking for a peaceful, nature-filled lifestyle with easy access to San Diego.
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| Apr 10, 2025 | Listed | $524,999 | |
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Welcome to Manzanita Sunrise! An established and lucrative income property with over 160 five-star reviews on Airbnb, this charming mountain duplex offers spectacular views of the desert and the Volcan and Granite Mountain ranges. Meticulously maintained and loaded with modern amenities, it sits on nearly 0.5 acres of fully fenced and gated land. The home boasts two fully functional units, each with its own entry, kitchen, living area, and outdoor space, offering flexible living options. Upgrades include SS appliances, granite countertops, newly installed central heat and AC upstairs and a new split unit downstairs, a tankless water heater, Starlink high-speed internet for the ultimate comfort and convenience, and a backup generator, ensuring uninterrupted power, no matter the circumstances. Whether you are looking for a private retreat or an income-producing investment, this turnkey property combines serenity, expansive views, and opportunity.
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| Oct 30, 2014 | Sold | ||
| Sold | |||
| Apr 1, 2014 | Listed by Orchard Realty, Inc. | $259,000 | |
| Listed by Orchard Realty, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017