565 S Mollison Ave D, El Cajon, California 92020, El Cajon, 92020 - 2 bed, 3 bath
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El Cajon, California 92020
This Modernized Two-Story Condominium is a Prime Investment Opportunity, listed at $525,000—positioned well below the $537,844 Fair Market Value by 2%. This valuation gap provides $12,844 in Instant Equity for incoming buyers. Boasting a Condition Rating of 3, the home features a renovated granite kitchen, a rare private backyard, and an exceptional three-bathroom layout. Located in the Cajon Valley Union district with a one-car garage, it offers a perfect blend of lifestyle and value. This is an ideal acquisition for first-time buyers or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 565 S Mollison Ave D Subject | $525,000* List Price | 2 | 3 | 1,155 | $455 | - |
A 749 S Mollison Ave 27 Sold | $535,000 | 3 | 2 | 1,344 | $398 | 0.2 mi |
B 489 S Lincoln Avenue Sold | $428,000 | 2 | 2 | 928 | $461 | 0.2 mi |
C 505 E Madison Avenue 92 Sold | $387,000 | 2 | 2 | 925 | $418 | 0.8 mi |
D 1017 S. Sunshine Ave D Sold | $455,000 | 2 | 2 | 940 | $484 | 1.0 mi |
E 471 S Lincoln Avenue Active | $424,999 List Price | 2 | 2 | 928 | $458 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1982, the property has undergone significant interior renovations within the last 5-15 years. The kitchen features updated shaker-style cabinetry, granite countertops, and stainless steel appliances. The home also includes modern tile and laminate flooring, recessed lighting, and updated laundry units, making it well-maintained and move-in ready.
Featuring three bathrooms for a two-bedroom unit, this property offers an exceptional level of convenience and privacy that is rare for condominiums in this market segment.
The inclusion of a dedicated backyard provides a highly desirable area for relaxation and entertaining, a premium feature seldom found in standard condo living.
The property includes both a private one-car garage and an additional parking space, addressing a common pain point for residents and adding significant functional value.
Built in 1982, the unit may require future investments in modern energy-efficient upgrades or aesthetic renovations to compete with newer residential developments.
The $360 monthly association fee adds a fixed carrying cost that may impact the overall affordability and purchasing power for budget-conscious buyers.
This well-maintained two-story unit is ideally located in a desirable community, conveniently close to schools, churches, and supermarkets. The property is in great condition and features a functional layout with a dedicated washer and dryer closet. Enjoy a fantastic backyard, perfect for relaxing or entertaining. Inside, the home offers a combination of tile and laminate flooring throughout, providing both durability and style. Large windows fill the space with natural light and allow for a refreshing breeze, creating a bright and airy atmosphere. This unit includes a one-car garage and one additional parking space.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,155 | 937 |
| Lot Size | - | 163,350 |
| Price | $525.0K | $454.4K |
| Price per sq ft | $455 | $457 |
| Built year | 1982 | 1985 |
| HOA | $360.0 | $496 |
| Days on market | 93 | 63 |
Apr 20, 2026
$525,000
Initial Listing
May 18, 2012
$123,000
Public Record
Jun 14, 2004
$346,000
Public Record