390 E Madison Ave D, El Cajon, California 92020, El Cajon, 92020 - 2 bed, 2 bath
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390 E Madison Ave D
El Cajon, California 92020
ACTIVE
CONDITION: POOR
2Beds
2Baths
1,034Sq Ft
0Lot Size
Property Price
LIST PRICE$420,000
EST. MARKET VALUE
$434,531
3% BelowMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $420,000—positioned well below the $434,531 Fair Market Value by 3%. This valuation gap offers $14,531 in Instant Equity for buyers. With a Condition Rating of 5, the unit requires a comprehensive rehab to maximize rental yield. Featuring central heat/air, in-unit laundry, and a private patio, this asset is perfectly suited for Buy-and-Hold Investors or Fix-and-Flip Investors targeting San Diego’s high rental demand.
Estimated Market Value
$434,531+$14,531 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in El Cajon.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 390 E Madison Ave D Subject 2 bd · 2 ba · 1,034 sqft · $420 | $420,000* List Price | 2 | 2 | 1,034 | $420 | - |
A 477 S Lincoln Ave Sold 2 bd · 2 ba · 928 sqft · $458 · 0.8 mi | $425,000 | 2 | 2 | 928 | $458 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
Property is extensive renovation needed.
Built in 1981, this 45-year-old property is explicitly marketed to investors as an opportunity to add value and build equity. Interior images show deferred maintenance, including dirty and damaged flooring at the base of the stairs, indicating the unit requires a comprehensive rehab.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Potential
Priced at $420,000, this property represents a highly accessible entry point into the San Diego market, offering significant opportunities for equity growth and high rental demand.
- Desirable Unit Features
The inclusion of central heating and air, in-unit laundry, and a private 1-car garage provides a level of convenience and functionality that is highly sought after by modern tenants and buyers.
- Strategic Location
The property is ideally situated near Parkway Mall, public transit, and major freeways, ensuring excellent accessibility for commuters and proximity to local shopping and dining.
CONSRISKS & DEFICIENCIES
- Local School Ratings
The immediate assigned public schools have lower performance ratings (3/10), which may be a deterrent for families prioritizing high-ranking educational districts.
- Value-Add Condition
Marketed as an opportunity to 'add value,' the 1981-built unit likely requires cosmetic or structural updates to compete with newer developments and maximize its market value.
About 390 E Madison Ave D
OPPORTUNITY AWAITS! Affordable San Diego townhome-style condos offering investors an attractive entry point into the market. Each 2BD/2BA unit features a functional floor plan, private patio/balcony, in-unit laundry, central heat/air, 1-car garage + additional parking. Small, individually owned complex near shopping, Parkway Mall, schools, public transit, and major freeways. A compelling opportunity to add value, build equity, and capitalize on San Diego rental demand. Buyers and buyers agent's to verify all here-in prior to submitting an offer to purchase!
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 1981
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $325.0 / Month
Neighborhood Insights
El Cajon Unified Schools
Johnson Elementary School
Grades K-5 • 0.1 mi
3/10
Naranca Elementary School
Grades K-5 • 0.7 mi
2/10
Anza Elementary School
Grades K-5 • 1.2 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.3 |
| Baths | 2.0 | 2.4 |
| Square foot | 1,034 | 1,258.889 |
| Lot Size | - | 69,923.623 |
| Price | $420.0K | $563.8K |
| Price per sq ft | $406 | $441 |
| Built year | 1981 | 2002 |
| HOA | $325.0 | $392 |
| Days on market | 27 | 61 |
Pricing History
Listed for Sale
Sep 28, 2026
$420,000
Initial Listing