1430 1434 Peach Avenue, El Cajon, California 92021, El Cajon, 92021 - bed, bath
ACTIVE$1,275,000$2,684/sqft
1430 1434 Peach Avenue, El Cajon, California 92021
0Bed
0Bath
2,684Sqft
13,504Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Income Potential: The property features three single-story homes plus an unpermitted studio, offering significant revenue generation opportunities for investors.
Top Cons:
Unpermitted Structure Risk: The presence of an unpermitted studio, while generating income, poses potential legal and financial risks, including fines or the cost of legalization/removal.
Compared to the nearby listings
Price:$1.27M vs avg $1.00M (+$275,000)50%
Size:2,684 sqft vs avg 2,051 sqft50%
Price/sqft:$475 vs avg $49350%
More Insights
Built in 1959 (67 years old).
Condition: Built in 1959, the property is aged but appears to have received regular upkeep and some occasional updates, such as a new roof on the main home and some newer flooring/paint in units. However, the kitchens are largely dated with older cabinets, laminate countertops, and white appliances. Bathrooms are a mix of dated and slightly updated. Heating is via wall heaters and cooling is primarily window units or mini-splits, indicating older systems. While functional and livable, the property requires significant cosmetic updates and potential modernization of major systems (plumbing, electrical) to meet current standards, aligning with the 'Fair' condition criteria.
Year Built
1959
Close
-
List price
$1.27M
Original List price
$1.27M
Price/Sqft
$475
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2600207
Home ConditionFair
Features
View-
About this home
An exceptional opportunity awaits in the desirable area of El Cajon with rare offerings on a large lot with lots of possibilities: 3 single story homes situated on a spacious .31 acre lot with ample parking, two have their own backyard. Main home is 3BR/1BA, with a large bonus room ideal for an office, family room, or additional living space. Enjoy both front and rear yards and benefit from a new roof for added peace of mind. The two other homes are 2BR/1BA, one has an attached garage, both have bonus rooms! There is also an unpermitted studio that provides additional income. All homes have their own laundry facilities. Whether you are an investor seeking good revenues or a homeowner looking for versatility and long term value, this multi-home setup has loads of potential. Huge lot, feels like you own your own block!
J
Jana Lawson-Valenti
Listing Agent
Condition Rating
Fair
Built in 1959, the property is aged but appears to have received regular upkeep and some occasional updates, such as a new roof on the main home and some newer flooring/paint in units. However, the kitchens are largely dated with older cabinets, laminate countertops, and white appliances. Bathrooms are a mix of dated and slightly updated. Heating is via wall heaters and cooling is primarily window units or mini-splits, indicating older systems. While functional and livable, the property requires significant cosmetic updates and potential modernization of major systems (plumbing, electrical) to meet current standards, aligning with the 'Fair' condition criteria.
Pros & Cons
Pros
High Income Potential: The property features three single-story homes plus an unpermitted studio, offering significant revenue generation opportunities for investors.
Spacious Lot & Ample Parking: Situated on a generous 0.31-acre lot, the property provides abundant outdoor space and ample parking, enhancing its appeal and functionality.
Versatile Living Spaces: All units include bonus rooms, providing flexible space for offices, family rooms, or additional living areas, catering to diverse tenant needs.
Individual Unit Amenities: Each home benefits from its own laundry facilities, and two units have private backyards, offering enhanced tenant convenience and privacy.
Recent Major Maintenance: The main home features a new roof, providing added peace of mind and reducing immediate capital expenditure for the buyer.
Cons
Unpermitted Structure Risk: The presence of an unpermitted studio, while generating income, poses potential legal and financial risks, including fines or the cost of legalization/removal.
Age of Property & Potential for Deferred Maintenance: Built in 1959, the properties may require significant updates to interior finishes, plumbing, and electrical systems beyond the new roof, which could entail substantial renovation costs.
Complex Management: Managing a multi-unit property with three distinct homes and an additional studio can be demanding, requiring considerable time and effort for tenant relations, maintenance coordination, and regulatory compliance.