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803 North 3rd Street

El Cajon CA 92021

8
5
3204 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

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.

Features

8 bedrooms
5 bathrooms
3204 sq. ft. floor area
Multi-Family

Property history for 803 North 3rd Street

2022
Sold
$1,200,000
27 Dec 2022 by Andrea Garzanelli, of Keller Williams Realty

Happy sellers in El Cajon

<50%
Less than 50% of sellers in El Cajon reported that their sale price either exceeded or met their price expectations.

El Cajon stands out as a desirable suburb for sellers, consistently delivering great customer service and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in El Cajon over the last 12 months.

Local market activity for 8 bedroom multi families in El Cajon

In the last 12 months, 1 eight-bedroom multi family similar to 803 North 3rd Street, have been sold.

This represents a 50% increase in eight-bedroom multi families sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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