
El Cajon, California 92021
Incredible investment & multi-unit development opportunity! Situated on a massive 25,700 sqft RM-6000 lot, 1375 Naranca Ave combines instant cash flow with an expansive multi-unit plan. The property currently features two existing dwellings generating $4,800/mo ($3,000 main 3bd/2ba home + $1,800 Jr ADU 2bd/1ba) to easily offset carrying costs. Conceptual plans outline a high-density compound featuring proposed new builds: a 4bd/3ba unit, a 3bd/2ba unit, detached ADU 1, and potential detached ADU 2 garage conversion upside. In total, the multi-unit layouts provide a flexible 5-to-6 unit configuration scaling up to 14–15 bedrooms. A rare turnkey development site with exceptional income and scale potential.
Property is new construction or fully renovated.
While originally built in 1947, the interior shows evidence of a comprehensive recent renovation (likely <5 years) featuring new luxury vinyl plank flooring, fresh paint, recessed lighting, and modern mini-split HVAC systems, making the existing units turnkey and mint condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 25700, living area = 1706.
The massive 25,700 sqft RM-6000 lot offers rare high-density zoning, providing a turnkey opportunity to expand from two units to a 5-6 unit compound with up to 15 bedrooms.
The property currently generates $4,800 per month from two existing dwellings, offering immediate cash flow to offset carrying costs while navigating the development process.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1706, other record living area = 1211.
Built in 1947, the existing structures may require significant maintenance or modernization to sustain current rental rates if redevelopment is delayed.
Realizing the property's full potential requires substantial additional capital for construction and the navigation of municipal permitting for multi-unit expansion.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.2 |
| Baths | 0.0 | 2.0 |
| Square foot | 1,706 | 1,647.315 |
| Lot Size | 25,700 | 9,665.034 |
| Price | $1.50M | $867.6K |
| Price per sq ft | $879 | $530 |
| Built year | 1947 | 1970 |
| HOA | $0 | $184 |
| Days on market | 46 | 40 |
Sep 9, 2026
$1,500,000
Initial Listing
Mar 30, 2022
$785,000
Public Record
Oct 13, 2014
$136,000
Public Record
Dec 27, 2013
$36,000
Public Record
Nov 4, 2011
$231,500
Public Record
Mar 31, 2000
$170,000
Public Record