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538 S Johnson Avenue El Cajon, CA 92020
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Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PTP2507668
Bedrooms 12
Lot Size 9,147 Sqft
Property Sub-Type Res Income 2-4 Units
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
Zoning Assessor
Interior
Cooling Central Forced Air
Exterior
View Y/N No
Building
Story 2
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Dalia Hirmez Keller Williams Realty
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