
El Cajon, California 92021
This property presents a High-Potential Investment Opportunity with a List Price of $799,000—positioned above the $681,742 Fair Market Value. While priced for its land value, the R-3 Zoning allows for significant density, including the addition of up to three ADUs. The existing home maintains a Mint Condition Rating with a fully remodeled interior, providing immediate cash flow via a month-to-month tenant. This is a strategic acquisition for Buy-and-Hold Investors or Developers looking to maximize a 9,880 sq. ft. lot.
Property is new construction or fully renovated.
Despite the 1948 build date, the property has undergone a recent comprehensive interior remodel. It features a brand-new kitchen with stone countertops and subway tile backsplash, updated bathrooms, new flooring throughout, and modern mini-split HVAC systems, qualifying it as mint condition and move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9880, living area = 696.
The R-3 zoning provides a rare opportunity for investors to add up to three ADUs or completely redevelop the site into a multi-unit residential project.
The existing home is fully remodeled with a brand-new kitchen, updated bathrooms, and new flooring, making it move-in ready or a premium rental option.
At only 696 square feet, the interior living space is exceptionally small for a two-bedroom, two-bathroom home, which may limit its appeal to traditional families.
The list price of $819,000 reflects the land's development value rather than the structure itself, resulting in a high cost-basis that requires a developer's budget to justify.
Exceptional Development Opportunity! Beautifully remodeled home situated on a prime R-3 zoned lot, offering endless possibilities. The existing home features a brand-new kitchen, new flooring throughout, and beautifully updated bathrooms, making it move-in ready or an excellent rental while you plan your project. The property offers ample front parking behind a secure gated entrance, providing convenience, privacy, and added security. Conveniently located with easy access to major freeways, shopping, dining, and everyday amenities, this location is highly desirable for homeowners, tenants, and future development alike. The home is currently tenant-occupied on a month-to-month lease at $2,650 per month, providing immediate rental income. The tenant would like to remain, offering the opportunity to generate cash flow while you plan and develop the property. The true value is in the land. Ideal for developers, investors, and contractors, the property offers the potential to add up to three ADUs while retaining the existing home, or redevelop the site with multiple residential units (buyer to verify all development possibilities with the city). Whether you’re looking for a turnkey rental, a value-add investment, or your next development project, this property checks every box. Opportunities like this rarely come to market—don’t miss your chance to unlock its full potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 696 | 1,609.157 |
| Lot Size | - | 9,601.53 |
| Price | $799.0K | $869.6K |
| Price per sq ft | $1.1K | $528 |
| Built year | 1948 | 1970 |
| HOA | $0 | $191 |
| Days on market | 64 | 40 |
Aug 5, 2026
$799,000
$819,000
-2% Price Drop
Initial Listing
Jul 7, 2026
$819,000
Initial Listing
Aug 5, 2024
$700,000
Public Record
Feb 18, 2020
$405,000
Public Record
Dec 9, 2015
$285,000
Public Record