803 N 3rd Street Active Save Request In-Person Tour Request Virtual Tour
El Cajon,CA 92021
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision El Cajon
MLS Listing ID 250029017
Bedrooms 8
Half Baths 1
Year Built 1973
Property Sub-Type Res Income 2-4 Units
Property Description
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.
Location
State CA
County San Diego
Area East County
Exterior
Fence Partial
Utilities Available Sewer Connected
View Y/N No
Roof Type Composition
Building
Story 2
Water Meter on Property
Others
Virtual Tour https://www.propertypanorama.com/instaview/snd/250029017