917 21 N 1st St, El Cajon, California 92021, El Cajon, 92021 - 9 bed, 4 bath
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El Cajon, California 92021
Analysis of 917 21 N 1st St, El Cajon, California 92021 is currently available with a list price of $2,400,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the El Cajon Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Originally built in 1940, this multi-unit property shows significant signs of aging infrastructure and deferred maintenance. The listing emphasizes 'value-add' and 'development potential,' which typically indicates that major systems, kitchens, and bathrooms require substantial rehabilitation. Aerial images reveal aged roofing and cluttered grounds, and the property analysis confirms the need for significant capital expenditure to modernize the structures.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11363, living area = 930.
The property spans three separate parcels totaling 38,604 SF and is zoned Village Residential (VR-15), offering a prime opportunity for high-density redevelopment or value-add expansion.
With six long-term tenants already in place, the property generates a stable and reliable income stream, providing immediate ROI for investors while planning future improvements.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4382, other record living area = 930. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 9, other record bedroom count = 2.
Originally built in 1940, the property likely requires significant capital expenditure for modernizing systems and addressing deferred maintenance common in buildings of this era.
The assigned public schools have low ratings ranging from 2 to 3, which may limit the property's appeal to family-oriented tenants and impact long-term residential resale value.
Great Income-Producing Investment Opportunity! Three separate parcels totaling 38,604 SF lot size, ideally located at 1st & Broadway in El Cajon. 14 Bed 8 Bath APNs: 484-183-04-00 484-184-24-00 484-184-25-00 Property features 6 long-term tenants in place, generating strong and stable income. PLEASE DO NOT WALK ON PROPERTY OR DISTURB TENANTS Zoned Village Residential (VR-15), offering excellent potential for future development or value-add opportunities. A zoning and ADU Analysis in attached
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.7 mi
Grades 6-8 • 0.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 9.0 | 3.0 | 99% |
| Baths | 4.0 | 2.0 | 89% |
| Square foot | 4,382 | 1,590 | 97% |
| Lot Size | - | 10,106 | 10% |
| Price | $2.40M | $820.0K | 99% |
| Price per sq ft | $548 | $517 | 64% |
| Built year | 1940 | 1975 | 1% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 167 | 3% |
Mar 20, 2026
$2,400,000
Initial Listing
Dec 6, 2010
$337,000
Public Record