$855,000
●
House -
Off Market
988 Pepper Dr.
El Cajon, CA 92021
3 Beds
2 Baths
2,018 Ft²
$1,374,136
RealtyHop Estimate
57.04%
Since Nov 1, 2019
CA-San Diego
Primary Model
About This Property
Valuable investment opportunity! 1.98 acre development property,
for 10 separate lots. Beautiful flat land with pool and pasture
with a barn and shed. House is outdated but in good condition.
Gorgeous canopy trees shade the property! There are 3 separate gate
entrances. Seller has a preliminary grading plan, planning and
development letter..etc see documents attached. All documents and
info on property per seller. Come see this unique property, located
in a great area! Neighborhoods: Pepper Other Fees: 0 Sewer:
Sewer Connected Topography: LL,
Unit Size
2,018 Ft²
Days on Market
108 days
Land Size
1.93 acres
Price per sqft
$434
Property Type
House
Property Taxes
-
HOA Dues
-
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: 4 months ago (SDMLS #190037712)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 25, 2019 | Sold | ||
| Sold | |||
| Oct 1, 2019 | No longer available | - | |
| No longer available | |||
| Sep 28, 2019 | Listed | $875,000 | |
| Listed | |||
| | |||
|
Valuable investment opportunity! 1.98 acre development property, for 10 separate lots. Beautiful flat land with pool and pasture with a barn and shed. House is outdated but in good condition. Gorgeous canopy trees shade the property! There are 3 separate gate entrances. Seller has a preliminary grading plan, planning and development letter..etc see documents attached. All documents and info on property per seller. Come see this unique property, located in a great area! Neighborhoods: Pepper Other Fees: 0 Sewer: Sewer Connected Topography: LL The manager has listed the unit size as 2018 square feet.
| |||
| Jul 9, 2019 | Listed by Coldwell Banker West | $875,000 | |
| Listed by Coldwell Banker West | |||
Property Highlights
Garage
Air Conditioning
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
About Bostonia
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Mark Kniffing, Coldwell Banker West
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190037712
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 190037712
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