1229 E Madison Avenue, El Cajon, California 92021, El Cajon, 92021 - 3 bed, 1 bath
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El Cajon, California 92021
This Turnkey Residential Asset is a High-Potential Investment Opportunity listed at $640,000—positioned well below the $659,999 Fair Market Value by 3%. This valuation gap provides $19,999 in Instant Equity. Boasting an Excellent Condition Rating, the home features a renovated kitchen with stone countertops, luxury vinyl plank flooring, and a private patio. The oversized 7,028 sq. ft. lot with R3 Restricted Multiple zoning offers significant development upside within the Cajon Valley Union district. This is an ideal acquisition for Owner-Occupants or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1229 E Madison Avenue Subject | $624,000* List Price | 3 | 1 | 1,006 | $656 | - |
A 1105 Bostonia Sold | $680,000 | 2 | 1 | 980 | $694 | 0.8 mi |
B 480 Orlando St. Sold | $635,000 | 2 | 1 | 962 | $660 | 0.0 mi |
C 787 Applewood Dr Sold | $770,000 | 3 | 2 | 1,404 | $548 | 0.9 mi |
D 758 Applewood Drive Sold | $770,000 | 3 | 2 | 1,382 | $557 | 0.9 mi |
E 1372 Marline Active Under Contract | $740,000 List Price | 3 | 2 | 974 | $760 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1947, the property has undergone an extensive recent renovation within the last 5 years, making it turn-key. The interior features a modern kitchen with white shaker cabinets, stone countertops, and stainless steel appliances. The bathroom has been fully updated with a new vanity and tile work. Additionally, the home boasts new luxury vinyl plank flooring, updated recessed lighting, and fresh paint throughout, meeting the criteria for a fully renovated property with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7028, living area = 1006.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1006, other record living area = 440. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Highly Motivated Seller!! Excellent opportunity. SFR zoned R3 - Restricted Multiple. Investors could build multiple units if desired. Currently 3 bed, 1 bath layout over 1009 sq.ft. on a big flat 7028 sq.ft. lot. Situated just minutes off the 8 freeway, close to Main street. This property is ready and turn key for its next owner or investor.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 7% |
| Square foot | 1,006 | 1,585.5 | 5% |
| Lot Size | 7,028 | 10,280.2 | 31% |
| Price | $624.0K | $817.5K | 3% |
| Price per sq ft | $620 | $518 | 90% |
| Built year | 1947 | 1975 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 167 | 11% |
Apr 4, 2026
$624,000
$629,000
-1% Price Drop
Initial Listing
Mar 31, 2026
$629,000
$640,000
-2% Price Drop
Initial Listing
Feb 20, 2026
$640,000
Initial Listing
Feb 19, 2026
$659,999
Initial Listing
Dec 2, 2021
$472,500
Public Record
Mar 2, 2012
$140,000
Public Record