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855 Franklin Avenue 855 Franklin Ave 2 Unit Apartment Building $1,300,000 ($650,000/Unit) 3.80% Cap Rate El Cajon, CA 92020

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Investment Highlights

Two Detached Single Family Homes with Private Yards and Parking on One Oversized Lot
Large Two and Three-Bedroom Units with Parking
Private Parking & Gated Access

Excess Land Allows for Potential ADU Development
Easy Access to the 8 Freeway, El Cajon Boulevard and Other Major Thoroughfares
In-Unit Laundry Metered Individually for Water and Gas/Electric

Executive Summary

We are pleased to offer for sale 855 Franklin Avenue, a residential community consisting of two updated detached Single Family Homes in the heart of El Cajon. 855 Franklin consists of a renovated 3-bedroom/2-bathroom house and a lightly updated 2-bedroom/2-bathroom house. Each home has their own private yards, parking, entrances and laundry and truly live as individual single family homes. This offering delivers immediate income potential with the added potential of future development of ADU’s on the over-sized lot, without eliminating any existing parking.
This property’s prime location in El Cajon is a major draw for tenants, ensuring consistent rental demand. The property offers convenient access to major freeways (e.g., I-8), public transportation, shopping centers, and dining options, making daily life easy and convenient. Residents enjoy proximity to parks, schools, and recreational facilities, providing a high quality of life. El Cajon is known for its friendly neighborhoods, diverse community, and welcoming atmosphere, attracting long-term tenants. The area also benefits from proximity to employment centers and major employers within the San Diego region, further bolstering tenant demand.

855-857 Franklin OM - CBRE March 2026

Property Facts

Price	$1,300,000	Building Class	C
Price Per Unit	$650,000	Lot Size	0.17 AC
Sale Type	Investment	Building Size	2,225 SF
Cap Rate	3.80%	Average Occupancy	100%
Gross Rent Multiplier	17.47	No. Stories	1
No. Units	2	Year Built/Renovated	1952/2023
Property Type	Multifamily	Parking Ratio	2.7/1,000 SF
Property Subtype	Apartment Multifamily Apartments	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Townhome
Zoning	RM-2200 - Multi Family 10 Units or Less

Price	$1,300,000
Price Per Unit	$650,000
Sale Type	Investment
Cap Rate	3.80%
Gross Rent Multiplier	17.47
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment Multifamily Apartments
Apartment Style	Townhome
Building Class	C
Lot Size	0.17 AC
Building Size	2,225 SF
Average Occupancy	100%
No. Stories	1
Year Built/Renovated	1952/2023
Parking Ratio	2.7/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	RM-2200 - Multi Family 10 Units or Less