589 N Johnson Avenue 224, El Cajon, California 92020, El Cajon, 92020 - 2 bed, 2 bath
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El Cajon, California 92020
This Modernized Top-Floor Condominium is a Prime Investment Opportunity, listed at $399,999—positioned well below the $409,575 Fair Market Value by 2%. This valuation gap provides $9,576 in Instant Equity for the incoming owner. Boasting a Condition Rating of 3, the interior features a Granite Kitchen, Stainless Steel Appliances, and Remodeled Bathrooms. Residents enjoy a private balcony with Greenbelt Views and the rare convenience of Two Assigned Parking Spaces within a gated community. Located in the Grossmont Union district, this turnkey residence is perfectly suited for first-time buyers or Buy-and-Hold Investors seeking a stable asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 589 N Johnson Avenue 224 Subject | $399,999* List Price | 2 | 2 | 896 | $457 | - |
A 160 Chambers St. 15 Sold | $460,000 | 2 | 2 | 925 | $497 | 0.5 mi |
B 550 Graves Avenue 8 Sold | $396,000 | 2 | 2 | 808 | $490 | 0.5 mi |
C 527 E Madison Ave 95 Sold | $365,000 | 2 | 2 | 925 | $395 | 0.7 mi |
D 550 Graves Avenue 16 Sold | $390,000 | 2 | 2 | 874 | $446 | 0.5 mi |
E 589 N Johnson Ave 247 Active | $370,000 List Price | 2 | 2 | 896 | $413 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and has undergone significant interior updates. The kitchen features modern granite countertops and stainless steel appliances, while the bathrooms have been remodeled with updated fixtures and vanities. The unit also boasts updated wood-look flooring and fresh paint throughout. Although the building was constructed in 1980 and retains some older elements like popcorn ceilings, the overall quality and recent renovations to major living areas meet the criteria for a 'good' condition score.
The unit features a fully updated interior with granite countertops, stainless steel appliances, remodeled bathrooms, and new flooring, offering a move-in-ready experience for buyers.
As a top-floor unit situated in a quieter building within the complex, it provides enhanced privacy with no neighbors above and a private balcony overlooking peaceful greenbelt views.
The property includes highly sought-after features such as central A/C and heat, a gated community setting with a pool and spa, and the rare benefit of two assigned parking spaces.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =196020, other record lot size in square feet = 195891.
At 896 square feet for a two-bedroom, two-bathroom layout, the living areas and bedrooms may feel somewhat compact compared to other units in the area.
The $401 monthly association fee represents a significant recurring expense that buyers must factor into their overall monthly housing budget and debt-to-income ratio.
Top-floor, light-filled 2 bed, 2 bath condo located in a gated community in the heart of El Cajon! This beautifully maintained home features an open-concept kitchen with granite countertops, stainless steel appliances, and a seamless flow into the living and dining areas—perfect for everyday living and entertaining. Enjoy numerous upgrades throughout, including updated flooring, fresh paint, and remodeled bathrooms. The spacious primary suite offers a large bedroom, private bath, and walk-in closet, along with mirrored closet doors and ample storage throughout the unit. Step out onto your private balcony overlooking the peaceful park-like areas of the community—ideal for relaxing mornings or evening unwinding. Conveniently located in a quieter building within the complex, just steps from the community pool and spa. Additional features include central A/C & heat and two assigned parking spaces . Prime location close to Parkway Plaza, shopping, dining, and more. This is a must-see opportunity!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 896 | 917.5 | 45% |
| Lot Size | 196,020 | 27,969 | 95% |
| Price | $400.0K | $405.5K | 45% |
| Price per sq ft | $446 | $449 | 45% |
| Built year | 1980 | 1984 | 36% |
| HOA | $401.0 | $396 | 50% |
| Days on market | 13 | 141 | 5% |
Apr 9, 2026
$399,999
Initial Listing
Mar 4, 2022
$405,000
Public Record
May 4, 2005
$265,000
Public Record