9018 Vernal Ln
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%.
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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 |
|---|---|---|---|
| May 21, 2026 | Sold | ||
| Sold | |||
| Oct 7, 2025 | Listed by LPT Realty,Inc | $950,000 | |
| Listed by LPT Realty,Inc | |||
| Aug 4, 2025 | Listed | $1,999,000 | |
| Listed | |||
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40 Usable Acres in the heart of Descanso, featuring 4 homes. This is the First time on the market in Decades. Formerly known as Fracchiolla Ranch, this amazing location backs up to the Cleveland National Forest, giving you direct access to hiking and horse trails. The property has a seasonal pond and creek, mature oak trees, and spectacular views, giving the one-of-a-kind property a truly magical connection with nature. This is an excellent opportunity for a family compound, multi-generational living, a retreat, or a family business. It has been operated as a successful horse boarding facility for over 35 years, and has accommodated up to 30 horses at a time. The main house is an A-Frame style home that has recently gone through a full renovation down to the studs. This home has 2,518 sqft of living space spread over the top two levels, featuring 4 bedrooms with an optional 5th, and 2 full baths. The home also features an attached 2-car garage and an additional 764 sqft on the ground floor that has been used as a storage room, an office for the ranch, and laundry. Directly behind this home is a 1 bed, 1 bath, 400 sqft single-wide. On the southeast corner of the property is a 3 bed, 2 bath, approximately 2,000 sqft manufactured home with an attached oversize 1-car garage. This home has an expansive deck that overlooks the property and the hills in the distance. There is also a 2 bed, 2 bath, approximately 800 sqft mobile home that is currently rented. This equestrian property is fully fenced and has interior fencing creating separate designated areas. It also features a large tack room with additional storage, feeding stalls, wash racks, a riding ring, and a chicken coup. Two Generac Generators ensure that you have consistent power during any outages, and Fire Station 45 is your neighbor, giving you a little peace of mind. The sprawling estate is a perfect retreat while being just a short 45-minute drive from Downtown San Diego. Contact us today for the full details.
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| Aug 2, 2025 | Price Decreased |
$1,999,000
↓ $196K
(8.9%) | |
| Price Decreased | |||
| Mar 22, 2025 | Listed | $2,195,000 | |
| Listed | |||
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First time on the market in decades! Formerly known as Fracchiolla Ranch, this exceptional 40-acre property in the heart of Descanso offers a rare opportunity to own a sprawling estate with 4 separate homes. The property has been subdivided into 4 parcels, and all are included in the sale. Backing up to the Cleveland National Forest, the property offers immediate access to hiking and horse trails, creating a seamless connection to nature. With a seasonal pond and creek, mature oak trees, rolling pastures, and panoramic views, the land exudes a tranquil connection with nature. This property has been operated as a successful horse boarding facility for over 35 years, and has accommodated up to 30 horses at a time. The main residence is a beautifully renovated A-frame home, recently taken down to the studs and thoughtfully rebuilt. Offering 2,518 square feet across the top two levels, this spacious home features four bedrooms, an optional fifth, and two full bathrooms. The ground level includes an additional 764 square feet of flexible space that has served as a ranch office, storage, and laundry area, and an attached 2-car garage. Just behind the main house is a 400-square-foot, 1 bed, 1 bath guest home - ideal for guests or extended family. On the southeast corner of the property sits a 3 bedroom, 2 bathroom home, approximately 2,000 square feet, complete with an oversized one-car garage and an expansive deck that overlooks the surrounding hills. The fourth home is a 2 bedroom, 2 bathroom home of approximately 800 square feet that is currently tenant-occupied. The land is fully fenced with interior cross-fencing to create multiple grazing areas. Equestrian amenities include a large tack room with extra storage, feeding stalls, wash racks, a riding ring, chicken coop, and a shop. Two Generac generators provide backup power during outages, and Fire Station 45 is next door, offering additional peace of mind. With its breathtaking scenery, versatile land use, and only a 45-minute drive from Downtown San Diego, this unique estate is the perfect blend of rural retreat and convenience. Contact us today for the full details and to experience the beauty of this remarkable property in person.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017