1508 Gustavo Street B, El Cajon, California 92019, El Cajon, 92019 - 2 bed, 2 bath
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1508 Gustavo Street B
El Cajon, California 92019
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,024Sq Ft
143,312.406Lot Size
Property Price
LIST PRICE$560,000
EST. MARKET VALUE
$492,578
13% AboveMARKET VALUE
SUMMARY
This Move-In Ready Townhouse is a High-Potential Investment Opportunity, listed at $580,000—positioned above the $498,433 Fair Market Value. While the list price exceeds the current valuation, the property features a Condition Rating of 3 with significant recent cosmetic upgrades, including new flooring and modern lighting. Located in the desirable Granite Hills neighborhood, it offers access to Top-Rated Schools like Valhalla High (8/10) and community amenities including two pools. This property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a turnkey lifestyle in a prime school district.
Estimated Market Value
$492,578
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 |
|---|---|---|---|---|---|---|
★ 1508 Gustavo Street B Subject 2 bd · 2 ba · 1,024 sqft · $481 | $560,000* List Price | 2 | 2 | 1,024 | $481 | - |
A 1540 Granite Hills Dr C Sold 2 bd · 3 ba · 1,147 sqft · $466 · 0.3 mi | $535,000 | 2 | 3 | 1,147 | $466 | 0.3 mi |
B 1504 Granite Hills Drive A Sold 2 bd · 2 ba · 1,087 sqft · $488 · 0.3 mi | $530,000 | 2 | 2 | 1,087 | $488 | 0.3 mi |
C 983 Amistad Place D Active 2 bd · 1 ba · 945 sqft · $421 · 0.1 mi | $398,000 List Price | 2 | 1 | 945 | $421 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1979, the property has undergone significant recent cosmetic renovations including new ceramic tile and vinyl flooring, fresh paint, and updated lighting. The laundry area shows modern cabinetry and appliances, indicating the home is well-maintained and in move-in-ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Interior Upgrades
The property features significant recent improvements including fresh interior paint, new ceramic tile flooring, and wood-look vinyl, providing a stylish, move-in-ready environment.
- Prime Location & Education
Located in the desirable Granite Hills neighborhood, the home is zoned for high-performing schools, including Valhalla High School which boasts an impressive 8/10 rating.
- Community Amenities
The well-maintained complex offers excellent lifestyle perks including two sparkling pools, lush green spaces, and the added convenience of a detached garage.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =143312, other record lot size in square feet = 143084.
- High Monthly HOA Fees
At $550 per month, the association fee is relatively high for a two-bedroom townhouse, which may impact the debt-to-income ratio and overall affordability for some buyers.
- Limited Bathroom Configuration
The 1.5-bath layout lacks a second full shower or tub, which can be a drawback for families or co-living situations compared to units with two full bathrooms.
About 1508 Gustavo Street B
Welcome to 1508 Gustavo St, Unit B, located in the highly desirable Granite Hills neighborhood of El Cajon! This beautifully updated 2-bedroom, 1.5-bath townhome offers a bright, open-concept floor plan with stylish upgrades throughout. Recent improvements include fresh interior paint, new fandeliers in the living room and primary bedroom, new ceramic tile flooring throughout the downstairs living, dining, and kitchen areas, plus new wood-look vinyl flooring on the stairway and upstairs hallway. The home also features a detached garage and convenient additional street parking just steps away. Enjoy a well-maintained community with two sparkling pools and lush green spaces. Ideally located near shopping, schools, restaurants, and everyday conveniences. A wonderful opportunity to own a move-in-ready home in Granite Hills!
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1979
- Lot Size
- 143,312.406 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $550.0 / Month
Neighborhood Insights
El Cajon Unified Schools
Meridian Elementary School
Grades K-5 • 0.4 mi
3/10
Montgomery Middle School
Grades 6-8 • 1.0 mi
4/10
Valhalla High School
Grades 9-12 • 1.5 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.3 |
| Baths | 2.0 | 2.4 |
| Square foot | 1,024 | 1,258.889 |
| Lot Size | 143,312.406 | 69,923.623 |
| Price | $560.0K | $563.8K |
| Price per sq ft | $547 | $441 |
| Built year | 1979 | 2002 |
| HOA | $550.0 | $392 |
| Days on market | 41 | 61 |
Pricing History
Listed for Sale
Oct 20, 2026
$560,000
$580,000
-3% Price Drop
Initial Listing
Price Change
Sep 13, 2026
$580,000
Initial Listing
Sold
Jul 15, 2025
$475,000
Public Record
Sold
Sep 28, 2011
$125,000
Public Record