550 Graves Ave Unit 20, El Cajon, California 92020, El Cajon, 92020 - 2 bed, 2 bath
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550 Graves Ave Unit 20
El Cajon, California 92020
ACTIVE
CONDITION: GOOD
2Beds
2Baths
874Sq Ft
0Lot Size
Property Price
LIST PRICE$389,000
EST. MARKET VALUE
$400,849
SUMMARY
This Prime Investment Opportunity is a 2-bedroom condominium listed at $389,000, positioned well below the $400,849 Fair Market Value by 2%. This valuation gap provides $11,849 in Instant Equity. Featuring a Condition Rating of 3, the unit is move-in ready with a Granite Kitchen and modern flooring. The ground-floor corner layout offers enhanced privacy and a Private Patio. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a stable, low-maintenance asset in El Cajon.
Estimated Market Value
$400,849
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 |
|---|---|---|---|---|---|---|
★ 550 Graves Ave Unit 20 Subject | $389,000* List Price | 2 | 2 | 874 | $459 | - |
A 505 E Madison Avenue 92 Sold | $387,000 | 2 | 2 | 925 | $418 | 0.3 mi |
B 550 Graves Avenue 8 Sold | $396,000 | 2 | 2 | 808 | $490 | 0.0 mi |
C 180 Chambers Street 7 Sold | $445,000 | 2 | 2 | 925 | $481 | 0.6 mi |
D 589 N Johnson Avenue 120 Sold | $420,000 | 2 | 2 | 896 | $469 | 0.5 mi |
E 160 Chambers St. 15 Sold | $460,000 | 2 | 2 | 925 | $497 | 0.6 mi |
F 523 Graves 104 Sold | $299,999 | 1 | 1 | 575 | $522 | 0.1 mi |
G 300 Roanoke Rd 14 Sold | $415,000 | 2 | 2 | 971 | $427 | 0.4 mi |
H 455 Ballantyne St 21 Pending | $349,000 List Price | 2 | 2 | 925 | $377 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1985, the property has undergone significant renovations likely within the last 5-15 years. The kitchen and bathrooms feature updated dark wood cabinetry and granite countertops, and the living areas have modern wood-look flooring. The unit is move-in ready and well-maintained.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Corner Location
As a ground-floor corner unit, this property offers enhanced privacy with fewer shared walls and convenient, stair-free access.
- Move-In Ready with Ample Storage
The home is move-in ready and features rare amenities for a condo, including walk-in closets and a large dedicated storage unit.
- Value-Added HOA Benefits
The gated community provides security, while the HOA fee covers essential utilities like water, trash, and sewer, offering excellent cost predictability.
CONSRISKS & DEFICIENCIES
- Low School Ratings
The assigned public schools have low ratings (3/10), which may be a concern for families and could affect future resale value.
- Compact Living Area
With only 874 square feet for a two-bedroom layout, the interior space may feel restrictive for buyers seeking more expansive living areas.
About 550 Graves Ave Unit 20
Ground-Floor Corner Unit | 2 Beds | 2 Baths | Extra Storage | Gated Move-in ready in the gated Windsor Terrace community. This light and bright home features a spacious living room, expansive private patio, and two generously sized bedrooms with walk-in closets. As a corner unit, it offers an additional sitting area plus a large dedicated storage unit. Assigned parking included. HOA covers water, trash, sewer, and common-area maintenance. Conveniently located near shopping, dining, and major freeways.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1985
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $358.0 / Month
Neighborhood Insights
El Cajon Unified Schools
Cajon Valley Middle School
Grades 6-8 • 0.4 mi
3/10
El Cajon Valley High School
Grades 9-12 • 0.8 mi
3/10
Idea Center
Grades 9-12 • 1.5 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 | 874 | 984.595 |
| Lot Size | - | 97,331.676 |
| Price | $389.0K | $434.4K |
| Price per sq ft | $445 | $444 |
| Built year | 1985 | 1985 |
| HOA | $358.0 | $436 |
| Days on market | 15 | 56 |
Pricing History
Listed for Sale
Aug 25, 2026
$389,000
Initial Listing
Sold
Jan 5, 2016
$210,000
Public Record
Sold
Mar 5, 2009
$85,000
Public Record
Sold
Aug 7, 2006
$255,000
Public Record