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Executive Summary

Great Income-Producing Investment Opportunity!
Three separate parcels totaling 38,604 SF lot size, ideally located at 1st & Broadway in El Cajon.
14 Bed 8 Bath
APNs:
484-183-04-00
484-184-24-00
484-184-25-00
Property features 6 long-term tenants in place, generating strong and stable income.
PLEASE DO NOT WALK ON PROPERTY OR DISTURB TENANTS
Zoned Village Residential (VR-15), offering excellent potential for future development or value-add opportunities.
A zoning and ADU Analysis in attached
Call Ben Ameen for details: 619-840-6692

Property Facts

Price $2,400,000
Price Per Unit $400,000
Sale Type Investment
Cap Rate 5.50%
Sale Condition 1031 Exchange
No. Units 6
Property Type
Multifamily
  • Multifamily Apartments
Lot Size 0.89 AC
Building Size 4,382 SF
Average Occupancy 100%
No. Stories 2
Year Built 1940
Zoning VR-15 - VR-15 allows 15 dwelling units per acre

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
9+4 6 - -
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
  • Listing ID: 39852912

  • Date on Market: 3/20/2026

  • Last Updated:

  • Address: 917 N 1st St, El Cajon, CA 92021

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