481 S Lincoln Avenue, El Cajon, California 92020, El Cajon, 92020 - 2 bed, 2 bath
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481 S Lincoln Avenue
El Cajon, California 92020
ACTIVE
CONDITION: GOOD
2Beds
2Baths
928Sq Ft
68,389.203Lot Size
Property Price
LIST PRICE$399,000
EST. MARKET VALUE
$408,224
SUMMARY
This Turnkey Townhome represents a High-Potential Investment Opportunity, listed at $399,000—positioned well below the $408,225 Fair Market Value by 2%. This valuation gap offers $9,225 in Instant Equity. With a Condition Rating of 3, the property features modern updates, in-unit laundry, and a community pool. While school ratings are modest, the central location and low-maintenance profile make this an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a move-in-ready residence.
Estimated Market Value
$408,224
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 |
|---|---|---|---|---|---|---|
★ 481 S Lincoln Avenue Subject | $399,000* List Price | 2 | 2 | 928 | $440 | - |
A 489 S Lincoln Avenue Sold | $428,000 | 2 | 2 | 928 | $461 | 0.0 mi |
B 438 S Anza Street Sold | $349,900 | 2 | 1 | 900 | $389 | 0.2 mi |
C 160 Chambers St. 15 Sold | $460,000 | 2 | 2 | 925 | $497 | 1.0 mi |
D 180 Chambers Street 7 Sold | $445,000 | 2 | 2 | 925 | $481 | 1.0 mi |
E 505 E Madison Avenue 92 Sold | $387,000 | 2 | 2 | 925 | $418 | 0.7 mi |
F 1017 S. Sunshine Ave D Sold | $455,000 | 2 | 2 | 940 | $484 | 0.9 mi |
G 300 Roanoke Rd 14 Sold | $415,000 | 2 | 2 | 971 | $427 | 0.5 mi |
H 732 E Lexington 19 Sold | $349,000 | 2 | 1 | 910 | $384 | 0.2 mi |
I 188 S Lincoln Ave. 3 Active | $375,000 List Price | 2 | 2 | 817 | $459 | 0.2 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 1981 but features recent updates to finishes and flooring as noted in the description and images. The property is move-in ready and well-maintained, fitting the criteria for a 5-15 year renovation cycle.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Condition
The property is beautifully updated and move-in ready, featuring modern finishes and an open floor plan that appeals to both first-time buyers and investors looking for low maintenance.
- Functional Amenities
The inclusion of in-unit laundry and two assigned parking spaces provides significant convenience and value, which are highly sought-after features in the condominium market.
- Central Location
Situated in the heart of El Cajon, the home offers excellent proximity to shopping, dining, and major freeway access, ensuring high desirability for commuters.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =68389, other record lot size in square feet = 68563.
- School District Ratings
The assigned middle and high schools have lower performance ratings (3/10), which may be a deterrent for families prioritizing top-tier educational facilities.
- Monthly Carrying Costs
The $415 monthly association fee represents a significant recurring expense that impacts overall affordability and may limit the purchasing power of budget-conscious buyers.
About 481 S Lincoln Avenue
Beautifully updated 2-bedroom, 1.5-bath townhome in the heart of El Cajon! This move-in-ready home features an open and functional floor plan, spacious bedrooms, updated finishes, and in-unit laundry. Enjoy two assigned parking spaces, a community pool, and a convenient location close to shopping, dining, schools, and easy freeway access. A perfect opportunity for first-time buyers or investors looking for a low-maintenance property in a desirable community.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1981
- Lot Size
- 68,389.203 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $415.0 / Month
Neighborhood Insights
El Cajon Unified Schools
Anza Elementary School
Grades K-5 • 0.4 mi
5/10
Emerald Middle School
Grades 6-8 • 1.2 mi
3/10
El Cajon Valley High School
Grades 9-12 • 0.7 mi
3/10
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 | 928 | 984.595 |
| Lot Size | 68,389.203 | 97,331.676 |
| Price | $399.0K | $434.4K |
| Price per sq ft | $430 | $444 |
| Built year | 1981 | 1985 |
| HOA | $415.0 | $436 |
| Days on market | 47 | 56 |
Pricing History
Listed for Sale
Jul 24, 2026
$399,000
Initial Listing
Sold
Mar 9, 2020
$284,000
Public Record
Sold
Sep 21, 2018
$256,000
Public Record
Sold
Jul 29, 2016
$220,000
Public Record