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$ 1,445,000
Est. payment /mo
New
803 N 3rd Street El Cajon, CA 92021
8 Beds
5 Baths
575 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 575 sqft
Price per Sqft $2,513
Subdivision El Cajon
MLS Listing ID 250029017
Bedrooms 8
Full Baths 4
Half Baths 1
HOA Y/N No
Year Built 1973
Property Sub-Type Res Income 2-4 Units
Property Description
Discover a turnkey investment opportunity in the heart of El Cajon. This fully renovated fourplex features a strong unit mix, including one 3-bedroom, 1.5-bath unit, two 2-bedroom, 1-bath units, and one 1-bedroom, 1-bath unit. Situated on an 8,276 square foot lot, the property offers 3,204 square feet of total living space, on-site laundry, and dedicated parking for tenants. Currently generating $8,485 per month in rental income, this asset is ideal for investors seeking a stabilized property for a 1031 exchange or for owner-occupants looking to use a VA loan with 0% down or conventional financing with as little as 5% down. Offering a 5% cap rate and a GRM of 14 based on current rents, this property presents a rare opportunity to secure a high-performing, low-maintenance investment in a growing rental market. Whether you're house hacking or expanding your portfolio, 803 N 3rd Street delivers both immediate cash flow and long-term upside.
Location
State CA
County San Diego
Community El Cajon
Area El Cajon (92021)
Exterior
Exterior Feature Stucco
Parking Features Unit1:N/K Unit2:N/K Unit3:N/K Unit4:N/K
Fence Partial
Roof Type Composition
Building
Story 2
Lot Size Range 7500-10889 SF
Sewer Sewer Connected
Water Meter on Property
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional, Exchange, VA
Space Rent $1,700
Listing Terms Cash, Conventional, Exchange, VA
Listed by Twana Rasoul • Compass
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