513 Shady Ln B, El Cajon, California 92021, El Cajon, 92021 - 2 bed, 2 bath
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513 Shady Ln B
El Cajon, California 92021
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,088Sq Ft
0Lot Size
Property Price
LIST PRICE$439,000
EST. MARKET VALUE
$424,814
3% AboveMARKET VALUE
SUMMARY
This Single-Story Condominium represents a High-Potential Investment Opportunity, listed at a List Price of $449,000—positioned well below the $427,844 Fair Market Value by -4%. Featuring vaulted ceilings and dual private patios, the unit offers significant character despite a Condition Rating of 4, which highlights the need for kitchen and bath modernization. While the $619.25 HOA fee and lower-rated local schools require careful financial consideration, the property’s layout and privacy make it an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking value-add potential.
Estimated Market Value
$424,814
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 |
|---|---|---|---|---|---|---|
★ 513 Shady Ln B Subject | $439,000* List Price | 2 | 2 | 1,088 | $390 | - |
A 389 Shady Ln D Sold | $420,000 | 2 | 3 | 1,050 | $400 | 0.1 mi |
B 1250 E Madison Ave C Sold | $449,000 | 2 | 2 | 1,088 | $413 | - |
C 514 Shady Lane Unit C C Sold | $403,000 | 2 | 2 | 1,088 | $370 | - |
D 1045 Peach Ave 61 Sold | $390,000 | 2 | 1 | 937 | $416 | 0.6 mi |
E 1490 Naranca Ave. Sold | $400,000 | 2 | 2 | 824 | $485 | 0.7 mi |
F 768 N Mollison Ave C Sold | $510,000 | 2 | 2 | 1,004 | $508 | 0.9 mi |
G 1263 Oakdale Active | $539,000 List Price | 3 | 2 | 1,280 | $421 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1965, the property features recent cosmetic improvements including luxury vinyl plank flooring and fresh paint. However, the kitchen and bathrooms remain dated with older oak cabinetry, laminate countertops, and gold-tone fixtures (likely 20+ years old), requiring modernization to meet current standards.
PROSSTRENGTHS & OPPORTUNITIES
- Architectural Character & Modern Finishes
The interior boasts soaring vaulted ceilings with exposed wood beams and luxury vinyl plank flooring, creating a bright, open, and modern aesthetic that stands out from standard condo units.
- Superior Privacy & Outdoor Space
Located at the end of a quiet cul-de-sac within a gated community, this unit offers enhanced privacy and rare dual private patios, including a primary suite retreat and a dining-side outdoor space.
- Desirable Single-Story Layout
The single-level floor plan provides excellent accessibility and a seamless flow between living areas, making it highly attractive to downsizers and those seeking a low-maintenance lifestyle.
CONSRISKS & DEFICIENCIES
- High Monthly Association Fees
The HOA fee of $619.25 is relatively high compared to the listing price, which may impact buyer affordability and overall monthly carrying costs for investors.
- Low-Rated School District
The assigned public schools have low performance ratings (ranging from 2 to 3), which could be a deterrent for families and potentially limit long-term appreciation compared to other neighborhoods.
About 513 Shady Ln B
Welcome to 513 Shady Ln Unit B, a charming single-story condo located within a gated community in El Cajon. Tucked away at the end of a quiet cul-de-sac, this 2-bedroom, 2-bath home offers over 1,088 sq. ft. of comfortable, thoughtfully designed living space with added privacy and a peaceful setting. Inside, you’ll find luxury vinyl plank flooring throughout, soaring vaulted ceilings with exposed wood beams, and an abundance of natural light that creates a bright, open feel. The spacious layout seamlessly connects the living, dining, and kitchen areas—ideal for both everyday living and entertaining. Enjoy indoor-outdoor living with two private patio spaces—a welcoming front patio off the dining area and a serene rear patio accessible from the primary suite, perfect for relaxing or unwinding at the end of the day. Additional features include in-unit washer and dryer hookups with both interior and exterior options, generous storage, and an assigned covered carport with built-in shelving for added convenience. Located in a well-maintained gated community, this home offers a perfect blend of comfort, character, and convenience—an excellent opportunity for both homeowners and investors alike.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1965
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $619.25 / Month
Neighborhood Insights
El Cajon Unified Schools
Naranca Elementary School
Grades K-5 • 0.5 mi
2/10
Cajon Valley Middle School
Grades 6-8 • 1.0 mi
3/10
El Cajon Valley High School
Grades 9-12 • 0.5 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 | 1,088 | 984.595 |
| Lot Size | - | 97,331.676 |
| Price | $439.0K | $434.4K |
| Price per sq ft | $403 | $444 |
| Built year | 1965 | 1985 |
| HOA | $619.25 | $436 |
| Days on market | 40 | 56 |
Pricing History
Listed for Sale
Aug 23, 2026
$439,000
$449,000
-2% Price Drop
Initial Listing
Price Change
Jul 31, 2026
$449,000
Initial Listing
Sold
Jun 30, 2022
$425,000
Public Record
Sold
Jun 1, 2009
$162,000
Public Record
Sold
Sep 26, 1994
$70,000
Public Record