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    1186 E Lexington 1188 El Cajon, CA 92019

    View on Map
    Sponsored
    For Sale
    $1,299,000

    Residential Income - El Cajon, CA

    Property size:
    2,588 SF
    Lot size:
    12,700.00 Acres
    Days on Market:
    46
    Last Refresh:
    Mar 7 at 2:06 am

    Property Features for 1186 E Lexington 1188

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-2
    APN
    4892410400
    Parking
    6
    Exterior features
    Community Features Included: Urban, Lot 10000-19999 Sqft
    Size
    2,588 SF
    Lot size
    12,700.00 Acres

    Building Details

    Year built
    1960
    Floors in Building
    1
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Rene McGonigle

    Real Broker (619) 248-6434

    Listing agent Rene McGonigle (855) 450-0442 License #02055120

    Listing date Jan 21, 2026

    MLS# NDP2600707 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Upgraded Property with ADU & Workshop

    This upgraded property offers possibilities for living, working and investing. The main home, spanning 1788 square feet, features a remodeled gourmet kitchen with a 10.5-foot island, 30 feet of quartz countertops and abundant cabinetry with pullouts. Bathrooms include Kohler and Moen fixtures, including a cast-iron jetted tub and marble walk-in shower in the primary suite. Additional features include 2 fireplaces (gas and wood-burning), dual-pane windows, central heating and air, crown molding, canned lighting and updated plumbing and electrical with 400-amp service. The detached 600 square foot ADU, built in 2002, offers a full kitchen, living room, bedroom and bathroom, complete with central air and heat, ample cabinetry and access to a shared 200 square foot laundry room with 2 washers and dryers. A detached 1600 square foot garage/workshop features extra-thick concrete flooring, epoxy finish, 110/220V outlets every six feet and a dedicated machine shop area, and fits up to 6–8 cars with RV and driveway parking for 10. Outdoor living includes a landscaped backyard, gazebo, Bull BBQ island with fridge and sink, and a brick gas fireplace with semi-circle seating. The property is zoned R-2 and is fully permitted for up to 3–4 units. It includes separate meters, water softener and filtration, and is located close to shops, dining and downtown in El Cajon, CA. The lot size is approximately 0.29 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    El Cajon
    County
    San Diego
    State
    California
    Longitude
    -116.887
    Latitude
    32.7856

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    FAQs

    What type of property is this?
    Mixed-use property - Remodeled home with ADU, workshop, and outdoor entertaining area.
    Where is this mixed-use property located?
    The property is located at 1186 E Lexington 1188 El Cajon, CA.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: - Detached **1600 sqft garage/workshop** with extra-thick concrete flooring, epoxy finish, 110/220V outlets, machine shop area, and parking for 6-8 cars plus RV parking.; - Detached **600 sqft ADU** with full kitchen, living room, bedroom, bathroom, central air and heat, and access to shared laundry room.; - Fully permitted and zoned for up to 3-4 units, offering outstanding investment potential.
    (760) 800-3180
    Request Owner's contact information
    1186 E Lexington 1188 El Cajon, CA 92019
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    El Cajon, CA 92019
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1186 E Lexington 1188 El Cajon, CA 92019
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    We can help!
    Listing Contact
    Rene McGonigle
    Real Estate License ID: 02055120
    (760) 800-3180 (760) 880-1199 (855) 450-0442
    Learn more
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