Discover a turnkey investment opportunity in the heart of El Cajon. This fully renovated fourplex features a strong unit mix, including one 3-bedroom, 1.5-bath unit, two 2-bedroom, 1-bath units, and one 1-bedroom, 1-bath unit. Situated on an 8,276 square foot lot, the property offers 3,204 square feet of total living… Read More space, on-site laundry, and dedicated parking for tenants. Currently generating $8,580 per month in rental income, this asset is ideal for investors seeking a stabilized property for a 1031 exchange or for owner-occupants looking to use a VA loan with 0% down or conventional financing with as little as 5% down. Offering a 5% cap rate and a GRM of 14 based on current rents, this property presents a rare opportunity to secure a high-performing, low-maintenance investment in a growing rental market. Whether you're house hacking or expanding your portfolio, 803 N 3rd Street delivers both immediate cash flow and long-term upside. Read Less
Property listed by Compass, Twana Rasoul 619-353-5799
Listing Snapshot
Days Online
45
Last Updated
Property Type
Other
Year Built
1973
MLS Number
250029017SD
30 Days Snapshot Of 92021
$933k
+15%
(avg) sold price
19
-34%
homes sold
66
-5%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
GasWaterHeater
Building
Built in 1973, Levels: Two, 2 stories, 1 building
Cooling
None
Fence
Partial
Income
Net operating income: $72,360
Pool
None
Roof
Composition
Tenant Pays
Electricity, Gas, Sewer
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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