
El Cajon, California 92019
This Multi-Unit Residential Property is a Strong Value Opportunity, listed at $799,000—positioned well below the $814,000 Fair Market Value by 2%. This valuation gap offers $15,000 in Instant Equity. Featuring a 3BR/2BA main home and a detached 1BR/1BA granny flat, the property boasts a Condition Rating of 3 with a remodeled kitchen, paid-off solar, and a private pool. Its large 11,000 sqft lot provides significant ADU expansion potential. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking rental income.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 121 S Stephanie Lane Subject 4 bd · 3 ba · 1,970 sqft · $413 | $799,000* List Price | 4 | 3 | 1,970 | $413 | - |
A 1449 Merriwether Way Sold 3 bd · 2 ba · 1,958 sqft · $498 · 0.9 mi | $975,000 | 3 | 2 | 1,958 | $498 | 0.9 mi |
B 667 Alderson Sold 4 bd · 2 ba · 1,606 sqft · $428 · 0.6 mi | $688,000 | 4 | 2 | 1,606 | $428 | 0.6 mi |
C 595 Verdin St. Sold 4 bd · 3 ba · 1,912 sqft · $458 · 0.6 mi | $875,000 | 4 | 3 | 1,912 | $458 | 0.6 mi |
D 152 S Stephanie Ln Sold 3 bd · 2 ba · 1,572 sqft · $524 · 0.0 mi | $824,000 | 3 | 2 | 1,572 | $524 | 0.0 mi |
E 849 Elizabeth St Sold 3 bd · 3 ba · 1,638 sqft · $473 · 0.7 mi | $775,000 | 3 | 3 | 1,638 | $473 | 0.7 mi |
F 133 N Stephanie Ln Active 4 bd · 2 ba · 1,844 sqft · $488 · 0.1 mi | $899,900 List Price | 4 | 2 | 1,844 | $488 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1957, the property features a remodeled open kitchen, updated bathrooms with a walk-in shower, new windows, and paid-off solar panels. The interior updates appear well-maintained and move-in ready, aligning with the 5-15 year renovation criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11000, living area = 1970.
The property features a detached granny flat and a large 11,000 sqft lot with space for an additional ADU, offering significant rental income potential or multi-generational living flexibility.
Value is significantly enhanced by a remodeled kitchen and bathrooms, new windows, and fully paid-off solar panels, reducing immediate move-in costs and long-term utility expenses.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1970, other record living area = 1670.
Built in 1957, the property may have underlying aging systems or structural elements typical of its era that require ongoing maintenance despite recent cosmetic updates.
A price reduction within the first five days of listing suggests an initial overvaluation or a high level of seller urgency, which may impact buyer negotiation leverage.
ADU ! Charming single-story house with detached granny flat & bathroom, main home 3BE/2BA, granny flat 1BE/1BA, and bonus room boasts open & remodeled kitchen, new windows throughout most of the home, adorable breakfast nook, remodeled bathrooms with walk-in shower, original hardwood and laminate flooring, large family backyard with pool and space for an ADU. Solar Panels are paid off. The front yard can be used to expand the driveway or to build an ADU. Price to sell.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.2 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,970 | 1,647.315 |
| Lot Size | 11,000 | 9,665.034 |
| Price | $799.0K | $867.6K |
| Price per sq ft | $406 | $530 |
| Built year | 1957 | 1970 |
| HOA | $0 | $184 |
| Days on market | 30 | 40 |
Sep 29, 2026
$799,000
$814,000
-2% Price Drop
Initial Listing
Sep 24, 2026
$814,000
Initial Listing
Oct 17, 2018
$495,000
Public Record