306 310 Richardson Ave, El Cajon, California 92020, El Cajon, 92020 - 5 bed, 4 bath
ACTIVE$1,290,000
306 310 Richardson Ave, El Cajon, California 92020
5Beds
4Baths
2,034Sqft
Lot
Price Vs. Estimate
The estimated value ($1,084,263.055) is $205,736.945 (15%) lower than the list price ($1,290,000). This property may be overpriced.
Key pros and cons
Top Pros:
Multi-Unit Investment Opportunity: The property is explicitly marketed as an 'Exceptional multi-unit property' offering a rare investment or owner-user opportunity with 'strong rental potential and long-term growth value'.
Top Cons:
Conflicting Property Type & Unit Count: The listing ambiguously describes the property as a 'TRI-plex' with 'two separate units' while also classifying it as a 'Single Family Residence'. This significant inconsistency requires immediate clarification regarding zoning, actual unit count, and potential financing implications.
Compared to the nearby listings
Price:$1.29M vs avg $965.0K (+$325,000)85%
Size:2,034 sqft vs avg 1,851 sqft57%
Price/sqft:$634 vs avg $52181%
More Insights
Built in 1990 (35 years old).
Condition: Built in 1990, the property is well-maintained externally and features some updated flooring and fresh paint in certain areas, as seen in one interior image. However, the kitchen, a critical area, is significantly dated with older white appliances, traditional light wood cabinets, laminate countertops, and fluorescent lighting, indicating it has not been extensively renovated in the last 15-20 years. While functional, it requires substantial cosmetic updates to meet current buyer expectations and styles. The property is aged but maintained, with major components functional but showing signs of being outdated.
Year Built
1990
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$634
HOA
-
Days on market
-
Sold On
-
MLS number
250043149SD
Home ConditionFair
Features
View-
About this home
Exceptional multi-unit property offering a rare investment or owner-user opportunity in the heart of El Cajon. This well-maintained TRI-plex features two separate units on one lot, each with private entrances and individual outdoor spaces. The front unit offers a spacious living area with abundant natural light, updated flooring, and a functional kitchen layout. The rear units includes a comfortable open floor plan with modern finishes and a private yard. Ample off-street parking and mature landscaping enhance the property’s appeal. Conveniently located near downtown El Cajon, shopping, parks, and major freeways. A solid asset with strong rental potential and long-term growth value. Information deemed reliable but not guaranteed. Buyer and buyer’s agent are advised to independently verify all information, including but not limited to square footage, lot size, zoning, and permits.
Condition Rating
Fair
Built in 1990, the property is well-maintained externally and features some updated flooring and fresh paint in certain areas, as seen in one interior image. However, the kitchen, a critical area, is significantly dated with older white appliances, traditional light wood cabinets, laminate countertops, and fluorescent lighting, indicating it has not been extensively renovated in the last 15-20 years. While functional, it requires substantial cosmetic updates to meet current buyer expectations and styles. The property is aged but maintained, with major components functional but showing signs of being outdated.
Pros & Cons
Pros
Multi-Unit Investment Opportunity: The property is explicitly marketed as an 'Exceptional multi-unit property' offering a rare investment or owner-user opportunity with 'strong rental potential and long-term growth value'.
Desirable Unit Features: Units boast private entrances, individual outdoor spaces, updated flooring, functional kitchen layouts, and modern finishes, enhancing tenant appeal and owner-user comfort.
Convenient Location: Strategically located near downtown El Cajon, shopping centers, parks, and major freeways, providing excellent accessibility and convenience for residents.
Well-Maintained & Appealing Exterior: Described as 'well-maintained' with ample off-street parking and mature landscaping, contributing to strong curb appeal and tenant satisfaction.
Relatively Modern Construction: Built in 1990, the property is newer than many multi-unit offerings in established areas, potentially reducing immediate major repair concerns compared to older buildings.
Cons
Conflicting Property Type & Unit Count: The listing ambiguously describes the property as a 'TRI-plex' with 'two separate units' while also classifying it as a 'Single Family Residence'. This significant inconsistency requires immediate clarification regarding zoning, actual unit count, and potential financing implications.
Lack of Specific Upgrade Details: While 'updated flooring' and 'modern finishes' are mentioned, the description lacks specific details on the scope and recency of these updates, or other major system upgrades (e.g., roof, HVAC, plumbing, electrical) for a 1990-built property, which could imply potential future capital expenditures.
General Market Location: While conveniently located within El Cajon, the city itself is generally considered a more affordable, working-class suburb of San Diego, which may limit top-tier rental rates or rapid appreciation compared to premium coastal or more affluent inland communities.