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 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.
|
DAYS ON MARKET
|
48
|
LAST UPDATED
|
7/4/2025
|
|
TRACT
|
EL CAJON
|
YEAR BUILT
|
1973
|
|
COMMUNITY
|
East County
|
COUNTY
|
San Diego
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
|
Prior to Jul 4, '25
|
$1,445,000
|
| Jul 4, '25 - Today |
$1,399,000 |
| AREA |
East County |
| CONSTRUCTION |
Stucco |
| LOT |
0 |
| LOT DIMENSIONS |
7,500-10,889 SF |
| STORIES |
2 |
| SUBDIVISION |
EL CAJON |
| UTILITIES |
Sewer Connected |
Listed with Compass
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Properties on this website was last updated as recently as 7/17/25 4:52 AM PDT.
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