359 N 1st St, El Cajon, CA 92021

El Cajon
Local realty services provided by:ERA North Orange County Real Estate
359 N 1st St,El Cajon, CA 92021
$2,000,000
Virtual Tour
  • 10 Beds
  • 10 Baths
  • 5,000 sq. ft.
  • Multi-family
  • Active
Listed by: tami j mccraw
Office: urban dwellings
MLS#:260004842
Source:San Diego MLS via CRMLS

Price summary

  • Price:$2,000,000
  • Price per sq. ft.:$400

About this home

Exceptional opportunity to acquire a well-maintained 10-unit apartment community in the highly desirable Rancho El Cajon submarket. The property consists of ten spacious 1-bedroom, 1-bath units, each approximately 500 square feet, offering efficient layouts and strong rental appeal. Each unit provides year-round comfort with mini-split heating and cooling systems, in addition to gas wall furnaces. Several units have been upgraded with vinyl plank flooring, remodeled bathrooms, and updated countertops, offering a balanced mix of stabilized income and continued value-add potential. Investors can capitalize on steady cash flow growth through annual allowable rent increases and by achieving market rents upon turnover. Alternatively, a more comprehensive renovation strategy could accelerate rent growth and reposition the asset to command top-of-market rates. Property amenities include on-site laundry, ten private storage lockers, ten uncovered off-street parking spaces, and a...

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Home facts

  • Listing ID #:260004842
  • Added:12 day(s) ago
  • Updated:March 15, 2026 at 02:26 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:10
  • Living area:5,000 sq. ft.

Structure and exterior

  • Building area:5,000 sq. ft.
  • Levels:2 Story

Finances and disclosures

  • Price:$2,000,000
  • Price per sq. ft.:$400

Parking

  • Total parking spaces:10
  • Parking description:Spaces
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