390 E Madison H, El Cajon, California 92020, El Cajon, 92020 - 2 bed, 2 bath
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El Cajon, California 92020
This Spacious Townhome is a Strong Value Opportunity, listed at $435,000—positioned well below the $456,859 Fair Market Value by 4%. This valuation gap provides $21,859 in Instant Equity. The property maintains a Move-In Ready Condition with a Condition Rating of 4, featuring vaulted ceilings, stone flooring, and three private balconies. While the kitchen and baths offer modernization potential for forced appreciation, the functional loft and dual parking add significant utility. This is an ideal acquisition for Owner-Occupants seeking a wealth-building starter home or Buy-and-Hold Investors targeting the El Cajon rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 390 E Madison H Subject | $435,000* List Price | 2 | 2 | 1,316 | $347 | - |
A 294 Chambers St 12 Sold | $420,000 | 2 | 2 | 1,116 | $376 | 0.6 mi |
B 267 S S Mollison Ave 16 Sold | $417,000 | 2 | 2 | 1,200 | $348 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is move-in ready and features significant upgrades such as fresh paint and stone/tile flooring throughout. However, it retains many original or dated features from its 1982 construction, including oak-style kitchen cabinetry, older white and black appliances (coil cooktop), and tiled bathroom countertops. While well-maintained with desirable architectural features like vaulted ceilings and a loft, the kitchen and bathrooms show signs of being outdated and would require modernization to meet current 'good' or 'excellent' standards.
The unit features vaulted ceilings and an extra loft area, creating a spacious, airy feel and providing a dedicated space for a home office or workstation.
With three separate balconies, the property offers exceptional outdoor access and ventilation rarely found in standard townhome layouts.
The inclusion of a one-car garage plus an additional designated parking space provides significant convenience and value in a high-density residential area.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1316, other record living area = 1193.
The property is served by several schools with lower performance ratings, which may be a significant consideration for families prioritizing educational district scores.
Built in 1982, the home may require ongoing maintenance or future updates to aging mechanical systems and original infrastructure compared to newer developments.
Spacious, townhome with vaulted ceilings, fireplace, laundry closet, one car garage plus one designated parking space. Upgraded stone/tile flooring, freshly painted. 3 balconies! Garden window in kitchen. Extra loft area for work station. central air. 3 spacious balconies.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.7 mi
Grades K-5 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 44% |
| Baths | 2.0 | 3.0 | 38% |
| Square foot | 1,316 | 1,370 | 50% |
| Lot Size | - | - | 50% |
| Price | $435.0K | $603.2K | 19% |
| Price per sq ft | $331 | $447 | 6% |
| Built year | 1982 | 1989 | 44% |
| HOA | $325.0 | $308 | 56% |
| Days on market | 64 | 155 | 13% |
Feb 17, 2026
$435,000
Initial Listing