1493 Olive Hills, El Cajon, California 92021, El Cajon, 92021 - 3 bed, 2 bath
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1493 Olive Hills
El Cajon, California 92021
ACTIVE
CONDITION: GOOD
3Beds
2Baths
1,973Sq Ft
14,100Lot Size
Property Price
LIST PRICE$799,000
EST. MARKET VALUE
$897,138
10% BelowMARKET VALUE
SUMMARY
This Spacious Single-Story Residence represents a Strong Value Opportunity, listed at $799,000—positioned well below the $897,138 Fair Market Value by 10%. This valuation gap offers $98,138 in Instant Equity. Featuring a Condition Rating of 3, the home includes a renovated kitchen, solar panels, and an expansive .32-acre lot with a pool and spa. While school ratings are modest, the property’s strategic location near I-8 and Hwy 67 ensures high demand. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term appreciation.
Estimated Market Value
$897,138+$98,138 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in El Cajon.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1493 Olive Hills Subject | $799,000* List Price | 3 | 2 | 1,973 | $455 | - |
A 1550 Pepper Dr Sold | $950,000 | 3 | 3 | 2,114 | $449 | 0.5 mi |
B 1265 Tres Lomas Sold | $1,031,000 | 4 | 2 | 1,993 | $517 | 0.2 mi |
C 1328 Arlington Pl Sold | $910,000 | 4 | 3 | 1,894 | $480 | 0.9 mi |
D 1573 Villa Crest Drive Sold | $875,000 | 4 | 3 | 1,965 | $445 | 0.3 mi |
E 1532 Broadway Sold | $871,000 | 3 | 2 | 1,891 | $461 | 0.6 mi |
F 1350 Coy Court Sold | $800,000 | 3 | 2 | 1,670 | $479 | 0.4 mi |
G 1647 Peerless Drive Sold | $795,000 | 4 | 3 | 1,580 | $503 | 0.7 mi |
H 1255 Bermuda Pl Sold | $905,000 | 3 | 3 | 2,110 | $429 | 0.4 mi |
I 1617 Mauzy Way Pending | $949,900 List Price | 4 | 2 | 1,857 | $512 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Despite being built in 1959, the property has been well-maintained and features a renovated kitchen with updated cabinetry and countertops, functional bathrooms, and solar panels indicating updated electrical systems. It is move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14100, living area = 1973.
- Expansive Outdoor Living
The impressive 0.32-acre lot features a private pool and spa, offering a quintessential Southern California lifestyle with ample space for entertaining and future customization.
- Spacious Single-Level Layout
Boasting nearly 2,000 sq. ft. of single-story living space, the home provides an accessible and functional floor plan that is highly desirable for long-term residency and ease of movement.
CONSRISKS & DEFICIENCIES
- Need for Modernization
Given its 1959 construction and description as an opportunity to 'make it your own,' buyers should anticipate additional capital investment to update the interior finishes to modern standards.
- Modest School Ratings
The property is served by elementary and middle schools with lower performance ratings (3/10), which may be a drawback for families prioritizing top-tier educational districts.
About 1493 Olive Hills
Welcome to a spacious single-story home situated on an impressive **.32-acre lot** in El Cajon. Offering approximately **1,973 sq. ft. with 3 bedrooms and 2 bathrooms**, this property combines comfortable everyday living with the indoor-outdoor lifestyle Southern California buyers are looking for. The generous floor plan offers plenty of room to gather, relax and entertain, while the expansive lot creates a private backyard retreat with a **pool and spa**—perfect for summer days, weekend BBQs and entertaining family and friends. 2 fireplaces adds warmth and character, while the attached 2-car garage provides added convenience and storage. The oversized lot offers tremendous space and possibilities for buyers looking to create their own outdoor oasis, garden, entertaining areas or simply enjoy more room to spread out. Conveniently located near everyday shopping, grocery stores, restaurants and dining, with easy access to **I-8 and Hwy 67**, making commuting throughout East County and greater San Diego convenient. Shopping and entertainment at Parkway Plaza, Downtown El Cajon and numerous neighborhood amenities are just minutes away. **With nearly 2,000 sq. ft. of single-level living, a large lot, pool, spa and convenient location, this home offers the space, lifestyle and opportunity to make it your own.**
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1959
- Lot Size
- 14,100 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
El Cajon Unified Schools
W. D. Hall Elementary School
Grades K-5 • 0.8 mi
3/10
Bostonia Elementary School
Grades K-5 • 0.9 mi
6/10
Greenfield Middle School
Grades 6-8 • 0.6 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,973 | 1,609.157 |
| Lot Size | 14,100 | 9,601.53 |
| Price | $799.0K | $869.6K |
| Price per sq ft | $405 | $528 |
| Built year | 1959 | 1970 |
| HOA | $0 | $191 |
| Days on market | 2 | 40 |
Pricing History
Listed for Sale
Sep 7, 2026
$799,000
Initial Listing
Sold
Oct 15, 1997
$190,000
Public Record