
El Cajon, California 92019
This fully renovated single-family residence represents a High-Potential Investment Opportunity, listed at $874,900—positioned well below the $893,134 Fair Market Value by 2%. This valuation gap offers $18,234 in Instant Equity. Featuring a Condition Rating of 3, the home includes a 2017 to-the-studs remodel and a massive 8,000 sqft lot with ADU potential. Located near top-rated K-12 schools, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1512 E Madison Avenue Subject | $854,900* List Price | 4 | 2 | 1,743 | $473 | - |
A 345 S 2nd Avenue Sold | $826,000 | 4 | 2 | 1,958 | $422 | 0.9 mi |
B 595 Verdin St. Sold | $875,000 | 4 | 3 | 1,912 | $458 | 0.2 mi |
C 507 Terra Ln Sold | $730,000 | 3 | 2 | 1,344 | $543 | 0.4 mi |
D 152 S Stephanie Ln Sold | $824,000 | 3 | 2 | 1,572 | $524 | 0.5 mi |
E 1479 E Lexington Avenue Sold | $688,000 | 3 | 2 | 1,616 | $426 | 0.6 mi |
F 1319 E Lexington Avenue Sold | $775,000 | 3 | 2 | 1,226 | $632 | 0.8 mi |
G 121 S Stephanie Lane Pending | $898,000 List Price | 4 | 3 | 1,670 | $538 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property underwent a full 'to-the-studs' renovation in 2017 (approx. 7-9 years ago), including new HVAC, electrical, plumbing, and windows. Recent updates to the roof, insulation, and paint further support its move-in ready status. While the kitchen and baths are fully functional and well-maintained, the 2017 renovation date and specific finishes (white appliances) place it in the 'Good' category rather than 'Excellent' (<5y reno).
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8000, living area = 1743.
Fully gutted to the studs in 2017 and recently refreshed, the home features all-new electrical, plumbing, HVAC, and roofing, offering the peace of mind of a new construction.
The leveled 8,000 sqft lot provides a blank canvas for a detached ADU or garage, complemented by new gates for secure RV and boat parking.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1743, other record living area = 876. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The property does not offer any significant scenic or territorial views, which may be a drawback for buyers prioritizing aesthetic surroundings.
Its close proximity to multiple schools and a recreation center may result in increased local traffic and noise levels during school hours and community events.
Price adjusted - $854,900.00 Some homes are simply in the right place at the right time. This fully renovated gem sits in one of the area’s most walkable and sought-after neighborhoods—just steps to the desirable K-12 schools, Kennedy Park and Recreation Center. Cherished by the same family over half a century, this bright and airy single-level floorplan offers generous living space, and a layout designed to accommodate families of all sizes. Fully gutted to the studs and remodeled in 2017, the home was outfitted with all-new double-pane windows and updated doors, all new kitchen and bathroom cosmetic finishes, LVP Flooring, a new central AC system including ducting, recessed LEDs, complete exterior re-stucco, a fully upgraded electrical system, a complete plumbing retrofit including supply lines and ABS drain lines extending to the street, and much more. Recent months brought an impressive wave of finishing touches, including a fully repainted interior and exterior stucco fog coat, new horizontal blinds, ceiling fans throughout, and a re-surfaced flat roof section paired with new attic insulation — delivering total peace of mind from top to bottom. Adding to the list of possibilities and with the right vision, the home could also be split into a two unit property yielding rental opportunity. Outside, the Backhoe tractor cleared and leveled 8,000 sqft. lot presents a blank canvas with substantial ADU or detached garage potential, while two newly constructed wood-paneled gates provide easy access for RVs, boats, or extra vehicles. Fresh minimal-maintenance landscape breathes new life into the grounds, a beautifully restored front porch sets a warm and welcoming tone, and a re-poured concrete driveway/walkway tie the entire curb appeal together — all just minutes from local shopping, freeway access, and everyday conveniences. Lovingly held for generations. Thoughtfully rebuilt for the next one.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades 6-8 • 0.3 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 53% |
| Baths | 2.0 | 3.0 | 48% |
| Square foot | 1,743 | 1,970 | 41% |
| Lot Size | 8,000 | 9,940.4 | 43% |
| Price | $854.9K | $982.0K | 38% |
| Price per sq ft | $490 | $519 | 38% |
| Built year | 1953 | 1980 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 142 | 4% |
May 31, 2026
$854,900
$874,900
-2% Price Drop
Initial Listing
May 14, 2026
$874,900
Initial Listing