
El Cajon, California 92019
This Prime Investment Opportunity is listed at $819,900, positioned well below the $840,377 Fair Market Value by 2%, offering $20,477 in Instant Equity. Featuring an Excellent Condition Rating after a full-to-the-studs renovation, this home includes modern plumbing, electrical, and HVAC systems. The expansive 8,000 sqft lot provides significant ADU and development potential. Located near K-12 schools and Kennedy Park, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, high-utility asset in a walkable neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1512 E Madison Avenue Subject | $819,900* List Price | 4 | 2 | 1,743 | $482 | - |
A 152 S Stephanie Ln Sold | $824,000 | 3 | 2 | 1,572 | $524 | 0.5 mi |
B 345 S 2nd Avenue Sold | $826,000 | 4 | 2 | 1,958 | $422 | 0.9 mi |
C 1479 E Lexington Avenue Sold | $688,000 | 3 | 2 | 1,616 | $426 | 0.6 mi |
D 595 Verdin St. Sold | $875,000 | 4 | 3 | 1,912 | $458 | 0.2 mi |
E 507 Terra Ln Sold | $730,000 | 3 | 2 | 1,344 | $543 | 0.4 mi |
F 1634 Doncarol Avenue Sold | $790,000 | 3 | 2 | 1,376 | $574 | 0.7 mi |
G 133 N Stephanie Ln Active | $990,000 List Price | 4 | 2 | 1,844 | $537 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent a full 'gutted to the studs' renovation within the last few years, qualifying it for the excellent rating. Key updates include a complete plumbing retrofit, upgraded electrical system, new central HVAC with ducting, and a new roof section. The interior features modern LVP flooring, updated kitchen and bath finishes, and new windows, requiring no immediate maintenance.
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.
The property was fully gutted to the studs and rebuilt with new electrical, plumbing, central AC, and high-end finishes, offering the reliability of a new home in an established neighborhood.
The large 8,000 sqft leveled lot with new RV-accessible gates provides a blank canvas for a substantial ADU, pool, or potential conversion into a dual-unit rental property.
The property lacks any significant views of the surrounding landscape or city lights, which may be a drawback for buyers seeking aesthetic outdoor appeal.
Despite the convenient proximity to schools, the assigned public institutions carry mid-range ratings (3-6), which may be a consideration for education-focused buyers.
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[Madison-Montgomery-Granite Hills], 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 recent years, 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, and a complete plumbing retrofit including supply lines and ABS drain lines extending to the street. 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, a backhoe tractor cleared and leveled the 8,000 sqft. lot, presenting a blank canvas with substantial ADU, pool, or detached garage build options, 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 |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,743 | 1,574 |
| Lot Size | 8,000 | 9,779 |
| Price | $819.9K | $894.9K |
| Price per sq ft | $470 | $528 |
| Built year | 1953 | 1970 |
| HOA | $0 | $200 |
| Days on market | 8 | 42 |
Jul 14, 2026
$819,900
Initial Listing