433 E Washington Avenue, El Cajon, California 92020, El Cajon, 92020 - 3 bed, 2 bath
Loading property details...
El Cajon, California 92020
This Versatile Residential Asset is a Prime Investment Opportunity, listed at $699,999—positioned well below the $715,111 Fair Market Value by 2%. This valuation gap provides $15,112 in Instant Equity. Boasting a Good Condition Rating, the interior features a Modernized Kitchen with quartz countertops and updated tile flooring. The expansive 7,840 Sq. Ft. Lot offers significant development potential for an ADU and JDU, maximizing long-term rental yield. Located in the Cajon Valley Union District, this property is an ideal match for Owner-Occupants seeking a house-hack or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 433 E Washington Avenue Subject | $699,999* List Price | 3 | 2 | 1,056 | $677 | - |
A 186 Minnesota Avenue Sold | $675,000 | 2 | 1 | 983 | $687 | 0.3 mi |
B 896 Salina St Sold | $796,000 | 3 | 2 | 1,232 | $646 | 0.2 mi |
C 795 W W Washington Ave Sold | $690,000 | 3 | 2 | 978 | $706 | 0.9 mi |
D 663 Ruby St Sold | $810,000 | 3 | 2 | 1,289 | $628 | 0.4 mi |
E 154 Lindell Avenue Sold | $780,000 | 3 | 2 | 1,200 | $650 | 0.3 mi |
F 638 Patricia Ln Active | $825,000 List Price | 3 | 2 | 1,062 | $777 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property's interior has been extensively renovated and is in move-in-ready condition. The kitchen is modern, featuring updated grey shaker cabinetry, quartz countertops, a functional island, and stainless steel appliances. The living areas boast updated large-format tile flooring, vaulted wood-plank ceilings, and modern light fixtures/ceiling fans. While the 1957 exterior and gravel yard show some age and lack professional landscaping, the high quality of the interior renovations meets the criteria for a good condition score.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7840, living area = 1056.
The expansive lot provides a significant opportunity for investors or multi-generational families to add both an Accessory Dwelling Unit (ADU) and a Junior ADU (JDU), maximizing the property's value and rental income potential.
The home has been thoughtfully updated with modern improvements, offering a clean and functional interior that allows a buyer to move in immediately while still providing room for future personalization.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7840, other record lot size in square feet = 8001.
With only 1,056 square feet for a three-bedroom layout, the interior living spaces may feel compact, which could be a drawback for larger families or those seeking more spacious common areas.
Built in 1957, the property may have underlying maintenance needs or aging systems typical of mid-century homes that were not fully addressed by the recent cosmetic updates.
Investor alert! Add an ADU and a JDU to this expansive lot with an existing 3-bedroom, 2-bath home. The home has been updated with thoughtful improvements, offering a clean and move-in-ready feel while still leaving room for a buyer to make it their own over time. The kitchen opens to the main living space, providing both practicality and a comfortable setting for everyday living. Situated on a large lot, the property offers plenty of outdoor space with potential for expansion, additional structures, or simply enjoying the extra room. Whether you're looking for a primary residence or a property with long-term upside, this home presents a great opportunity in a central El Cajon location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,056 | 1,898.5 | 11% |
| Lot Size | 7,840.8 | 9,350 | 41% |
| Price | $700.0K | $937.5K | 9% |
| Price per sq ft | $663 | $524 | 86% |
| Built year | 1957 | 1966 | 29% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 153 | 2% |
Apr 17, 2026
$699,999
Initial Listing
Feb 21, 2023
$515,000
Public Record
Apr 2, 2010
$145,500
Public Record
Nov 15, 2006
$409,000
Public Record
Nov 1, 1999
$130,000
Public Record