1225 Victor, El Cajon, California 92021, El Cajon, 92021 - 3 bed, 2 bath
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El Cajon, California 92021
This property presents a High-Potential Investment Opportunity with a List Price of $500,000—positioned well above the $468,077 Fair Market Value by 6%. While the structure carries a Condition Rating of 6 due to fire damage, the 14,374 sqft lot and VR-15 Zoning provide significant upside for multi-unit development. This asset is best suited for those capable of navigating a total teardown or major reconstruction. This is a strategic acquisition ideal for Real Estate Developers or Experienced Investors focused on high-density land utilization.
Property is land value only, full reconstruction required.
Built in 1950 and fire-damaged in the mid-1990s, the structure is unlivable and hazardous. The listing explicitly states the primary value is in the land and provides conceptual plans for new multi-unit development.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14374, living area = 1384.
Zoned VR-15, the property offers significant upside for investors with the potential to build 2-4 units or leverage SB9 for increased density.
The expansive 14,375 square foot lot provides a large footprint for new construction, offering more space than typical residential lots in the area.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =14374, other record lot size in square feet = 14166.
The home sustained significant fire damage in the 1990s and is currently obscured by heavy brush, likely requiring a total teardown or massive reconstruction.
The property cannot be viewed without an accepted offer, creating a high barrier to entry and significant risk for buyers during the initial bidding phase.
Yes folks there is a house under these trees and brush. Due to the condition of the property, property will only be shown with a acceptable offer. The primary value of this property is in the land.**** The Home was damaged by fire in the mid 1990's***** P L E A S E D O N O T GO ON P R O P E R T Y and those who do trespass do so at their own risk! All who enter do so without permission of the seller. **However the property may be eligible for an FHA renovation loan.*** Highest and best use Zoned VR-15 would be 2-4 units and if you have a good architect maybe that can apply SB9 to this property maybe more.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,384 | 1,557.5 | 31% |
| Lot Size | 14,374.8 | 10,615.7 | 64% |
| Price | $500.0K | $811.5K | 2% |
| Price per sq ft | $361 | $528 | 4% |
| Built year | 1950 | 1971 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 133 | 5% |
Jun 3, 2026
$500,000
Initial Listing