
El Cajon, California 92020
This 1947 single-family residence represents a High-Potential Investment Opportunity, listed at a List Price of $650,000—positioned well below the $676,843 Fair Market Value by 3%. This valuation gap offers $26,843 in Instant Equity. With a Condition Rating of 6, the property requires significant modernization, yet its large lot and proximity to the highly-rated Grossmont High School provide a solid foundation for value-add improvements. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project with immediate upside.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1134 Boulevard Pl. Subject 3 bd · 2 ba · 1,184 sqft · $572 | $650,000* List Price | 3 | 2 | 1,184 | $572 | - |
A 1002 W Chase Avenue Sold 3 bd · 1 ba · 1,130 sqft · $686 · 0.2 mi | $775,000 | 3 | 1 | 1,130 | $686 | 0.2 mi |
B 321 N Cuyamaca Street Sold 3 bd · 2 ba · 1,416 sqft · $477 · 1.0 mi | $675,000 | 3 | 2 | 1,416 | $477 | 1.0 mi |
C 925 S Magnolia Ave Active 2 bd · 2 ba · 1,157 sqft · $653 · 0.8 mi | $755,000 List Price | 2 | 2 | 1,157 | $653 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Property was built in 1947 (79 years old) and shows no evidence of modern renovations. Exterior images reveal an aged roof, dated metal awnings, and window AC units suggesting a lack of central HVAC systems. Per the criteria for age and lack of updates, this property requires a total rehab or is valued primarily for the land.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7500, living area = 1184.
Priced at $650,000 for a 3-bedroom detached home, this property offers a highly accessible entry point for first-time buyers or investors looking to enter the San Diego County market.
The residence is conveniently located within 0.6 miles of Grossmont High School, which holds a strong 7/10 rating, making it an attractive option for families prioritizing education.
With a build date of 1947, the home may require significant capital investment to modernize essential systems such as electrical, plumbing, and HVAC to meet current standards.
The current lack of interior and exterior photographs in the listing may hinder immediate buyer engagement and suggests the property may require cosmetic or structural attention.
Photos of the interior and exterior of the property will be uploaded soon
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.6 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.2 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,184 | 1,647.315 |
| Lot Size | - | 9,665.034 |
| Price | $650.0K | $867.6K |
| Price per sq ft | $549 | $530 |
| Built year | 1947 | 1970 |
| HOA | $0 | $184 |
| Days on market | 22 | 40 |
Oct 3, 2026
$650,000
Initial Listing