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$2,215,000
$2,500,000 11.4%
Est. payment /mo
0.35 Acres Lot
Sold on 06/16/2025
469 N 1st El Cajon, CA 92021
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Key Details
Sold Price $2,215,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 250025212SD
Lot Size 0.348 Acres
Property Sub-Type Mixed Use
Property Description
469 North First Street Townhomes is a well maintained, high-demand multifamily community offering significant rental upside. The property comprises all 2-bedroom, 2.5-bathroom townhome-style units—each featuring private patios and balconies. Every unit is equipped with in-unit washer and dryer hookups, a highly valued amenity in the El Cajon rental market, where many competing properties do not offer this convenience. These features enhance tenant retention, as townhome living provides a quieter, more spacious residential experience. A Final Subdivision Map has been recorded for the property, offering a potential condominium conversion and individual unit sales. This presents a compelling alternative exit strategy for investors seeking long-term flexibility. Ideally situated adjacent to Wells Park, the property enjoys excellent walkability to grocery stores, dining, coffee shops, and essential neighborhood services—making it exceptionally attractive to renters who value convenience and lifestyle.
Location
State CA
County San Diego
Area 92021 - El Cajon
Interior
Heating Forced Air
Listed by Eric Comer Eric D. Comer, Broker
Bought with Rod Ewdish Realty Executives Dillon
Bought with Rod Ewdish Realty Executives Dillon