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Listed by Dustyn Evans • Coldwell Banker Realty
$ 1,525,000
Est. payment /mo
Pending
538 S Johnson AVE El Cajon, CA 92020
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRPTP2507668
Year Built 1979
Property Sub-Type Fourplex
Source California Regional MLS
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
Interior
Cooling Central AC
Laundry Washer/Dryer - Leased, Community Facility
Exterior
Parking Features Assigned Spaces, Common Parking Area, Off-Street Parking, Other
Garage Spaces 8.0
Pool None
Others
Tax ID 4875322300

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