$820,000
●
House -
Off Market
8423 Melrose Lane
El Cajon, CA 92021
3 Beds
2 Baths
1,869 Ft²
$3,977
Est. Monthly
About This Property
Rare opportunity to own a spacious home with incredible potential
in a desirable El Cajon neighborhood. Originally designed as a
4-bedroom home, one bedroom was converted to expand the main living
area, creating three spacious bedrooms and a larger, more
functional living space. The home features a central HVAC system
installed just a few years ago and a high-quality whole-home water
filtration system for added comfort and clean water throughout.
While the interior is dated and ready for renovation, the home
offers great bones and nearly 1,900 sq ft of living space, making
it the perfect opportunity to customize your dream home or add
value as an investment. Spacious lot with endless possibilities.
Don't miss the chance to unlock this home's full potential.
Unit Size
1,869 Ft²
Days on Market
32 days
Land Size
0.25 acres
Price per sqft
$433
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1978
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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: 7 months ago (CRMLS #SW26050784)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 9, 2026 | Sold | ||
| Sold | |||
| Mar 19, 2026 | In contract | - | |
| In contract | |||
| Mar 8, 2026 | Listed by eXp Realty of California, Inc. | $809,900 | |
| Listed by eXp Realty of California, Inc. | |||
Property Highlights
Garage
Air Conditioning
Fireplace
With View
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
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Type
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Baths
ft²
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Closing Price
Sold On
Sold On
HOA + Taxes
About Winter Gardens
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Listed by: Blake Cory, eXp Realty of California, Inc.
Last Updated: 7 months ago
Data Source: CRMLS, MLS# SW26050784
Last Updated: 7 months ago
Data Source: CRMLS, MLS# SW26050784
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