307 E Washington Ave, El Cajon, California 92020, El Cajon, 92020 - 4 bed, 3 bath
Loading property details...
El Cajon, California 92020
This Development-Ready Residential Asset offers a high-scale investment opportunity. While the $1,100,000 list price exceeds the $924,843 Fair Market Value, the rare 20,950 sqft Flat Lot and R-6 Zoning justify the premium through significant development upside. Currently in a Poor Condition Rating, the 1946 structure includes an Attached ADU and Private Pool, providing immediate rental utility within the Grossmont Union High School District. This high-scale site represents a prime acquisition for Developers or Fix-and-Flip Investors focused on forced appreciation through high-density residential growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 307 E Washington Ave Subject | $1,100,000* List Price | 4 | 3 | 2,191 | $422 | - |
A 306 310 Richardson Ave Active | $1,290,000 List Price | 5 | 4 | 2,034 | $634 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1946, the property is in mostly original condition and requires a complete transformation. The kitchen and bathrooms feature severely outdated cabinetry, tiling, and appliances from several decades ago. The listing explicitly targets investors and contractors, noting the need for significant renovation to modernize the aging infrastructure and living spaces, which is consistent with the 'poor' condition criteria for properties requiring substantial rehabilitation.
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 20,950 sqft flat lot is zoned R-6, offering rare opportunities for lot splitting, expansion, or high-density residential development in a prime mixed-use neighborhood.
The property features an attached 1-bedroom ADU with a separate entrance, providing immediate potential for rental income or a perfect setup for multi-generational living.
Built in 1946, the original structure requires a complete transformation and significant capital investment to modernize the living spaces and aging infrastructure.
While the zoning suggests high potential, the feasibility of lot splitting and specific development projects is subject to buyer verification and city approval processes.
RARE MASSIVE INVESTMENT POTENTIAL!!!! Nearly half an acre in El Cajon, flat, usable, conveniently located, and loaded with potential. At just under 1/2 acre, this is one of the largest residential parcels in the area, offering room to build, expand, renovate, or completely transform the property! The existing original home features over 2,100SF with ATTACHED ADU, pool, built-in BBQ and firepit area creating the PERFECT multi-generational compound or investment opportunity ready for your transformation! Located in a mixed-use neighborhood and currently zoned R-6 with potential for lot splitting (buyer to verify), the income producing possibilities are substantial. Existing home features 3 bedrooms, 2 baths, separate laundry room and incredible sunroom overlooking the oversized yard, with an attached 1 bedroom ADU with separate entrance. The circular driveway and multiple outbuildings provide ample parking for cars, boats and RVs. Whether you are looking to renovate and make the place your own, or reimagine the space to maximize best use potential, this one-of-a-kind property presents exceptional development opportunities. Bring your contractor and your vision. Rare land. Rare scale. Rare opportunity.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 55% |
| Baths | 3.0 | 2.0 | 59% |
| Square foot | 2,191 | 1,920 | 63% |
| Lot Size | 20,950 | 9,500 | 77% |
| Price | $1.10M | $945.0K | 64% |
| Price per sq ft | $502 | $523 | 43% |
| Built year | 1946 | 1965 | 3% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 153 | 17% |
Feb 20, 2026
$1,100,000
Initial Listing
Apr 1, 1994
$164,500
Public Record