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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

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 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.

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