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538 S Johnson AVE El Cajon, CA 92020
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Key Details
Sold Price $1,500,000
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PTP2507668
Year Built 1979
Lot Size 9,147 Sqft
Property Sub-Type Quadruplex
Property Description
Great investment opportunity in this four-unit gated complex. Each unit offers a spacious three-bedroom, two-bathroom layout of approximately 1,200 square feet, with two units downstairs and two upstairs. The property includes eight parking spaces, two per unit, and a shared on-site laundry room for added tenant convenience. Each kitchen features a dishwasher, garbage disposal, refrigerator, and range, with some units upgraded with new carpet and vinyl flooring. All units have central air conditioning and heat, and the building exterior was fully repainted last year. Ideally situated just minutes from downtown El Cajon, Parkway Plaza shopping center, local restaurants, schools, and major freeways (I-8 and 67), this property offers consistent rental demand and convenience for tenants. Current total rents are $8,675 per month, providing stable income with potential for future growth through light updates and rent optimization.
Location
State CA
County San Diego
Area 92020 - El Cajon
Zoning R-3:RESTRICTED MULTIPLE
Interior
Cooling Central Air
Laundry Common Area
Exterior
Parking Features Assigned, Driveway, On Site, Off Street
Pool None
Community Features Curbs
View Y/N No
Building
Lot Description Lawn
Story 2
Sewer Public Sewer
New Construction No
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Trust
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Bought with Dalia Hirmez Keller Williams Realty
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