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If it's solid red it might be indicating a tripped GFCI, if it's flashing it might be defective. When I say might it's because not all GFCI-s have the same type of light or color. Some are lit when on, some when tripped. I hope this helps
When sunken living rooms were the rage, many of them were below grade. Later on some decided that being on all one level was more desirable so it became popular to fill them with concrete to the level of the rest of the home. This was an effective solution for concrete on grade homes.
So that I can better answer your question, can you further explain what you mean when you say "cap over". I am thinking that perhaps you are referring to the horizontal trim piece between your siding & the top of your foundation, but am not sure.
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