
El Cajon, California 92020
This property presents a High-Potential Investment Opportunity with a List Price of $975,000—positioned well above the $941,156 Fair Market Value by -3%. While the pricing reflects a premium, the massive 0.48-acre lot and separate attached living quarters offer significant value-add potential. With a Condition Rating of 5 (Heavy Fixer), this asset requires a comprehensive renovation to modernize its 1946 infrastructure. The inclusion of a private backyard pool and expansive parking makes this an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a major development project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 307 E Washington Ave Subject | $895,000* List Price | 4 | 3 | 2,191 | $406 | - |
A 726 Paulsen Ave Sold | $668,000 | 3 | 2 | 1,836 | $364 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1946 and explicitly described as a 'heavy fixer,' the property shows significant age-related deterioration. The kitchen features worn, dated cabinetry and laminate flooring, while the reliance on window AC units indicates a lack of modern central HVAC. With visible wall damage and original systems, the home requires a full rehabilitation to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20950, living area = 2191.
The massive 0.48-acre lot provides rare development potential, ample space for outdoor recreation, or the addition of accessory dwelling units in a central location.
The property includes separate attached living quarters with a kitchenette and private entrance potential, offering flexibility for a granny suite or rental income.
Classified as a 'heavy fixer,' the home requires a significant capital injection and labor to address deferred maintenance and modernize the 1946 structure.
The property is sold strictly in its current state, placing the full burden of repairs and potential structural issues on the buyer without seller concessions.
Incredible opportunity on a massive 0.48-acre lot approximately 20,950 square feet! Bring your vision, creativity, and tools to transform this heavy fixer into something truly special. With an expansive lot, a private backyard pool, and tons of potential, this property offers a rare chance to create your dream home or take on an exciting renovation project. The home also features separate attached living quarters that can function as a granny suite, complete with its own small kitchen area and sink, along with the potential for its own private entrance through the rear of the home. Enjoy an abundance of parking with a large driveway, plenty of additional space for vehicles, and a two-car garage/carport. The oversized backyard provides ample room to reimagine the outdoor space and take full advantage of this impressive property. Opportunities with this much land, a pool, and this kind of potential don’t come around often. Roll up your sleeves and bring this property back to life! Property is a heavy fixer and is being sold strictly AS-IS in its present condition.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,191 | 1,609.157 |
| Lot Size | 20,950 | 9,601.53 |
| Price | $895.0K | $869.6K |
| Price per sq ft | $408 | $528 |
| Built year | 1946 | 1970 |
| HOA | $0 | $191 |
| Days on market | 15 | 40 |
Aug 29, 2026
$895,000
$975,000
-8% Price Drop
Initial Listing
Aug 25, 2026
$975,000
Initial Listing
Apr 1, 1994
$164,500
Public Record