12452 Janet Kay Way, El Cajon, California 92021, El Cajon, 92021 - 4 bed, 3 bath
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El Cajon, California 92021
This Spacious Value-Add Residence presents a Prime Investment Opportunity with a List Price of $749,000—positioned well below the $784,175 Fair Market Value by 4%. This valuation gap provides $35,175 in Instant Equity for buyers ready to modernize the Fair Condition interior. Featuring a flexible layout with separate entrances and an expansive 12,150 sq. ft. lot, the property offers significant rental income potential and mountain views. This asset is a prime acquisition for Fix-and-Flip Investors or Owner-Occupants seeking a high-upside project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12452 Janet Kay Way Subject | $749,000* List Price | 4 | 3 | 1,920 | $390 | - |
A 8423 Melrose Lane Sold | $820,000 | 3 | 2 | 1,869 | $439 | 0.2 mi |
B 1573 Villa Crest Drive Sold | $875,000 | 4 | 3 | 1,965 | $445 | 0.8 mi |
C 12534 Sunglow Dr Sold | $840,000 | 4 | 3 | 2,054 | $409 | 0.1 mi |
D 1350 Coy Court Sold | $800,000 | 3 | 2 | 1,670 | $479 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974 and used as a long-term rental, the home is functional but shows significant signs of age and wear. The kitchens feature dated cabinetry and a mix of older appliances, while the bedrooms contain worn carpeting. The listing description and images confirm the need for cosmetic modernization and potential deferred maintenance, placing it squarely in the 'fair' category as a livable home that requires updates to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12150, living area = 1920.
The flexible layout includes two separate entrances, making it an ideal setup for multi-generational living, guest quarters, or generating additional rental income.
Situated on a generous 12,150 s.f. lot, the property features a large private backyard and ample space for RV, boat, or toy storage alongside a two-car garage.
Having served as a rental for many years, the home requires significant cosmetic updates and modernization to reach its full market potential.
Long-term rental history often implies the need for repairs or system upgrades that may require additional capital investment beyond the purchase price.
Nestled in the desirable Bostonia neighborhood, this spacious single-story home offers incredible potential on a generous 12,150 s.f. lot. Features, 4 bedrooms, 3 full baths, a 2-car garage, plenty of driveway parking and a side yard for boat, rv or toys. The flexible layout includes two separate entrances: ideal for multi-generational living, rental income or extended guests. A dedicated laundry room and large private backyard add everyday convenience and outdoor space to enjoy. Previously used as a rental for many years, this home presents a rare opportunity to update and design the space to match your personal style. Endless possibilities await!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,920 | 1,574 |
| Lot Size | 12,150 | 9,779 |
| Price | $749.0K | $894.9K |
| Price per sq ft | $390 | $528 |
| Built year | 1974 | 1970 |
| HOA | $0 | $200 |
| Days on market | 126 | 42 |
Mar 18, 2026
$749,000
Initial Listing
Jul 14, 2016
$450,000
Public Record
Nov 25, 1997
$104,500
Public Record