Refreshed Residential Income
New
For Sale
$199,000
1440 S Orange Ave 99, El Cajon, CA 92020
Updated home in a 55+ community with clubhouse, pool, jacuzzi, porch, patio, and landscaped surroundings.
Property Size1,368 SF
Price / SF$145.47
Days on Market2
Property Features for 1440 S Orange Ave 99
General Information
Standard status
Active
Size
1,368 SF
Property subtype
Manufactured In Park
Additional Details
Highway Access
Yes
Amenities
clubhouse
pool/jacuzzi
large CA room
porch
patio
Listing Agency:
Schreiber Realty
(858) 643-9011
Listed By:
Suzanne Rosen · License #01987931
(619) 550-7956
Source:
Kaleorealestate
Added: Sep 16
Last Checked: Sep 16 at 3:01PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Schreiber Realty
Investment Insights
Based on property information with market context.
This refreshed residential property offers two bedrooms, two bathrooms, a living room, a separate family room, and a California room with access to both the porch and patio. The home also includes a backyard, large windows in the living and dining areas, and an updated kitchen with a new cooktop, countertops, hardware, sink, faucet, recessed ceiling, and recessed lighting. The primary bathroom features new vanity countertops.
Located within a maintained community near shopping, restaurants, parks, malls, major hospitals, and freeways, the property also benefits from access to a clubhouse, pool, and jacuzzi. Community occupancy requirements specify that the owner must be 55 or older, while additional occupants must be at least 18.
Located within a maintained community near shopping, restaurants, parks, malls, major hospitals, and freeways, the property also benefits from access to a clubhouse, pool, and jacuzzi. Community occupancy requirements specify that the owner must be 55 or older, while additional occupants must be at least 18.
Key Highlights
- Two‑bedroom, two‑bathroom home with separate living and family rooms
- Updated kitchen with new cooktop, countertops, sink, faucet, hardware, and recessed lighting
- California room connects to a porch, patio, and backyard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,712
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$254,240
$254.2K
Cap Rate 7%
$181,600
$181.6K
Cap Rate 9%
$141,244
$141.2K
Market Conditions
NOI Build-Up for 1,368 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.6K $18.00/SF
− Vacancy
−$1.5K −$1.11/SF
EGI
$23.1K $16.89/SF
− OpEx
−$10.4K −$7.60/SF
NOI
$12.7K $9.29/SF
Area
El Cajon, CA
Vacancy
6.14%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$254,240
Cap Rate 7%
$181,600
Cap Rate 9%
$141,244
Alternative Uses
Best Use
Apartment 5plus
$181.6K
$158.9K – $211.9K
NOI $12,712 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$339.9K
$297.4K – $396.5K
NOI $23,792 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Explore this area
Business Placement
Demographics for 92020, CA
60,454
Population
20,311
Households
3
Avg Household Size
37
Median Age
26%
College-Educated
84%
High-School Grad
11.1 sq mi
ZIP Area
5,446
Density / Sq Mi
$72,822
Median Household Income
$39,855
Median Earnings
$1,793
Median Rent
$741,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated home in a 55+ community with clubhouse, pool, jacuzzi, porch, patio, and landscaped surroundings.
Where is this residential income property located?
The property is located at 1440 S Orange Ave 99 El Cajon, CA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom home with separate living and family rooms; Updated kitchen with new cooktop, countertops, sink, faucet, hardware, and recessed lighting; California room connects to a porch, patio, and backyard
