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1367 E Madison Ave

El Cajon CA 92021

2
2
6
696 sq. ft.
Single-Family
Currently for sale - view listing

Overview

Exceptional Development Opportunity! Beautifully remodeled home situated on a prime R-3 zoned lot, offering endless possibilities. The existing home features a brand-new kitchen, new flooring throughout, and beautifully updated bathrooms, making it move-in ready or an excellent rental while you plan your project. The property offers ample front parking behind a secure gated entrance, providing convenience, privacy, and added security. Conveniently located with easy access to major freeways, shopping, dining, and everyday amenities, this location is highly desirable for homeowners, tenants, and future development alike. The home is currently tenant-occupied on a month-to-month lease at $2,650 per month, providing immediate rental income. The tenant would like to remain, offering the opportunity to generate cash flow while you plan and develop the property. The true value is in the land. Ideal for developers, investors, and contractors, the property offers the potential to add up to three ADUs while retaining the existing home, or redevelop the site with multiple residential units (buyer to verify all development possibilities with the city). Whether you’re looking for a turnkey rental, a value-add investment, or your next development project, this property checks every box. Opportunities like this rarely come to market—don’t miss your chance to unlock its full potential.

Features

2 bedrooms
2 bathrooms
6 carspaces
696 sq. ft. floor area
Single-Family

Property history for 1367 E Madison Ave

2024
Sold
$699,900
05 Aug 2024 by Gregg Phillipson, of Keller Williams Realty
2020
Sold
$405,000
18 Feb 2020 by Tina Etue, of Compass California, Inc.

Happy sellers in El Cajon

52%
52% of sellers in El Cajon reported that their sale price either exceeded or met their price expectations.

El Cajon stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in El Cajon over the last 12 months.

Local market activity for 2 bedroom single-family properties in El Cajon

In the last 12 months, 12 two-bedroom single-family properties similar to 1367 E Madison Ave, have been sold.

This represents a 61% increase in two-bedroom single-family properties sales when compared to the previous 12 months.

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