1367 E Madison Ave, El Cajon, CA 92021
1367 E Madison Ave, El Cajon, CA 92021
1367 E Madison Ave, El Cajon, CA 92021
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HomeSmart Realty West
$819,000
Est. payment /mo
2 Beds
2 Baths
696 SqFt
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Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 696 sqft

Price per Sqft $1,176

Subdivision El Cajon

MLS Listing ID 260016398

Bedrooms 2

Full Baths 2

Year Built 1948

Property Sub-Type Detached

Property Description

Exceptional Development Opportunity! Beautifully remodeled home situated on a prime R-3 zoned lot, offering endless possibilities. The existing home features a brand-new kitchen, new flooring throughout, and beautifully updated bathrooms, making it move-in ready or an excellent rental while you plan your project. The property offers ample front parking behind a secure gated entrance, providing convenience, privacy, and added security. Conveniently located with easy access to major freeways, shopping, dining, and everyday amenities, this location is highly desirable for homeowners, tenants, and future development alike. The home is currently tenant-occupied on a month-to-month lease at $2,650 per month, providing immediate rental income. The tenant would like to remain, offering the opportunity to generate cash flow while you plan and develop the property. The true value is in the land. Ideal for developers, investors, and contractors, the property offers the potential to add up to three ADUs while retaining the existing home, or redevelop the site with multiple residential units (buyer to verify all development possibilities with the city). Whether you're looking for a turnkey rental, a value-add investment, or your next development project, this property checks every box. Opportunities like this rarely come to market—don't miss your chance to unlock its full potential.

Location

State CA

County San Diego

Area East County

Direction Exceptional Development Opportunity! Beautifully remodeled home situated on a prime R-3 zoned lot, offering endless possibilities. The existing home features a brand-new kitchen, new flooring throughout, and beautifully updated bathrooms, making it move-in ready or an excellent rental while you plan your project. The property offers ample front parking behind a secure gated entrance, providing convenience, privacy, and added security. Conveniently located with easy access to major freeways, shopping, dining, and everyday amenities, this location is highly desirable for homeowners, tenants, and future development alike. The home is currently tenant-occupied on a month-to-month lease at $2,650 per month, providing immediate rental income. The tenant would like to remain, offering the opportunity to generate cash flow while you plan and develop the property. The true value is in the land. Ideal for developers, investors, and contractors, the property offers the potential to add up to three ADUs While

Interior

Cooling Swamp Cooler(s)

Fireplace No

Appliance Dishwasher, Disposal, Built In Range, Counter Top

Laundry Electric, Gas

Exterior

Parking Features None Known

Fence Full

View Y/N No

Water Access Desc Meter on Property

Roof Type Composition

Total Parking Spaces 6

Building

Story 1

Sewer Sewer Available

Water Meter on Property

Level or Stories 1

Others

Senior Community No

Tax ID 489-180-2200

Acceptable Financing Assumable, Cash, FHA, VA

Listing Terms Assumable, Cash, FHA, VA


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MLS Router / San Diego MLS
Listed by Mona Hermiz, DRE#00830649 Coldwell Banker West 

Nearby Locations

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HomeSmart Realty West

HomeSmart Realty West

+1(760) 607-5900

Broker | License ID: DRE#1905908

Broker License ID: DRE#1905908

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