390 N 1st St 23, El Cajon, California 92021, El Cajon, 92021 - 2 bed, 2 bath
Loading property details...
390 N 1st St 23
El Cajon, California 92021
ACTIVE
CONDITION: GOOD
2Beds
2Baths
896Sq Ft
44,866.801Lot Size
Property Price
LIST PRICE$359,999
EST. MARKET VALUE
$402,071
10% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at a List Price of $359,999—positioned well below the $402,071 Fair Market Value by 10%. This valuation gap provides $42,072 in Instant Equity for the buyer. Featuring an Excellent Condition Rating with modern updates and a private patio, this unit offers a low-maintenance lifestyle within a gated community featuring a sparkling pool. It is an ideal acquisition for first-time buyers or savvy investors seeking a move-in-ready asset in the Grossmont Union district.
Estimated Market Value
$402,071+$42,072 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 N 1st St 23 Subject | $359,999* List Price | 2 | 2 | 896 | $449 | - |
A 1045 Peach Ave 61 Sold | $390,000 | 2 | 1 | 937 | $416 | 0.5 mi |
B 830 Broadway 18 Sold | $425,000 | 2 | 2 | 950 | $447 | 0.7 mi |
C 521 N Mollison Sold | $415,000 | 2 | 1 | 844 | $492 | 0.3 mi |
D 888 Cherrywood Way 12 Sold | $399,000 | 2 | 2 | 1,024 | $390 | 0.8 mi |
E 1250 E Madison Ave C Sold | $449,000 | 2 | 2 | 1,088 | $413 | 0.5 mi |
F 930 Peach Ave 25 Pending | $399,000 List Price | 2 | 2 | 975 | $409 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1990 (34 years old), the property has undergone updates including tile flooring, crown molding, and fresh paint. While it utilizes older wall-unit AC systems, the interior is well-maintained and move-in ready, consistent with a 5-15 year renovation cycle.
PROSSTRENGTHS & OPPORTUNITIES
- Entry-Level Affordability
Priced competitively at $359,999, this 2-bedroom condo offers a rare and accessible opportunity for first-time homebuyers to enter the San Diego County market.
- Turnkey Condition
The property features modern updates throughout and a bright, open floor plan, providing a move-in-ready experience that minimizes immediate renovation costs.
- Community Amenities and Security
Located within a gated community, the unit offers enhanced security along with desirable lifestyle features including a sparkling pool and a private patio.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =44866, other record lot size in square feet = 44658.
- High Association Fees
The monthly HOA fee of $590 is relatively high for this price point, which may impact the overall monthly affordability and debt-to-income ratios for buyers.
- Lack of Scenic Views
The listing indicates no specific view, which may be a drawback for buyers prioritizing aesthetic surroundings or looking for higher future appreciation potential.
About 390 N 1st St 23
Welcome to 390 N 1st St #23 in the heart of El Cajon! This beautiful 2-bedroom, 2-bath condo is a great opportunity for a first time home buyer. With896 sqft of bright and open living space, it offers a spacious living room, updates throughout, and a private patio perfect for relaxing. The gatedcommunity features a sparkling pool and is just minutes from shopping, dining, and freeway access. Don’t miss out on this move-in-ready gem!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1990
- Lot Size
- 44,866.801 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $590.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 896 | 984.595 |
| Lot Size | 44,866.801 | 97,331.676 |
| Price | $360.0K | $434.4K |
| Price per sq ft | $402 | $444 |
| Built year | 1990 | 1985 |
| HOA | $590.0 | $436 |
| Days on market | 26 | 56 |
Pricing History
Listed for Sale
Aug 14, 2026
$359,999
Initial Listing
Sold
Jul 28, 2014
$150,000
Public Record
Sold
Jan 28, 2009
$95,000
Public Record
Sold
Nov 10, 2005
$280,000
Public Record