For Sale $850,000
Property Type Multi-Family
Property Size 2,075 SF
Units 3
Lot Size 0.18 Acre
Additional Rent Contact for pricing
Property Tenancy Multi-Tenant
Year Built 1980
Year Renovated 1980
Date Updated Jul 1, 2024

El Cajon is a city located in San Diego County, California, in the southwestern United States. It has a population of approximately 100,000 people and covers an area of about 14 square miles. The city of El Cajon is situated in a valley surrounded by mountains, and it enjoys a mild, Mediterranean climate with hot, dry summers and cool, wet winters. The city has a diverse population, with a mix of Hispanic, White, and Asian residents. El Cajon is known for its vibrant arts and culture scene, including an annual Mother Goose Parade, which is one of the largest parades in Southern California. The city is also home to several museums, including the Knox House Museum, which showcases local history and architecture. The economy of El Cajon is based on a mix of retail, service, and manufacturing industries, with major employers including the Grossmont Union High School District, the Cajon Valley Union School District, and the City of El Cajon itself. Overall, El Cajon is a thriving, diverse community with a strong sense of history and culture, and a beautiful natural setting.This property features a 2 bedroom, 1 bath house in the front, a 2 bedroom, 2 bath house in the rear, and an unpermitted 1 bedroom, 1 bath unit downstairs in two of the converted garages. The rear property was constructed in 1980 with 5 garages. Two of those garages were converted to the current 1 bedroom, 1 bath unit. This is a value-add investment. The rents are below market and the front house is in poor condition and needs to be renovated to bring the rents up to market. The tenant in the rear unit is on Section 8, with the agency paying $1,600 of the $2,050 in rent. All tenants have been there long term and are aware the property is for sale. This is a great opportunity to remodel the front unit, make cosmetic upgrades to the exterior and raise rents to market.

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Highlights

2 Units with an Unpermitted Third Unit
Value-add Opportunity
5 Garages
Below Market Rents
Washer & Dryer Hookups
Off-Street Parking

Contacts

Craig Stewart

ACRE Investment Real Estate Services

Location

Getting Around

Walk Score ®
67/100 Somewhat Walkable
Transit Score ®
62/100 Good Transit
Bike Score ®
62/100 Bikeable

City El Cajon, CA
Zip Code 92020
Market San Diego

Points of Interest

Amaya Drive

1.71 miles
Gillespie Field

2.39 miles
Santee Town Center

3.40 miles
Spring Street

3.56 miles
Lemon Grove Depot

4.78 miles
Alvarado Station

4.96 miles
SDSU Transit Center

5.80 miles
Encanto/62nd Street

7.74 miles
Stadium

8.52 miles
Fenton Parkway

8.99 miles

Arco

1.27 miles
Arco

1.31 miles
Arco

1.70 miles
Speedway

1.71 miles
Super Star Sation

1.72 miles
Golden State Gasoline

2.23 miles
Gas Depot

2.24 miles
76

2.28 miles
Shell

2.32 miles
76

2.32 miles

El Cajon Transit Center Parking

0.15 miles
Parkway Plaza Parking

0.83 miles
Parking Structure

0.91 miles
Parking lot

1.18 miles
Broadway Plaza Centre

1.37 miles
Severin Drive Park And Ride

1.61 miles
Fuerte Drive Park And Ride

1.72 miles
Grossmont Blvd Park & Ride

2.08 miles
California Flight Academy

2.24 miles
Lot 5

2.33 miles

Relax Inn and Suites

0.30 miles
Travelodge by Wyndham El Cajon

0.42 miles
Villa Serena Motel

0.46 miles
Courtyard San Diego El Cajon

0.72 miles
Motel 6 El Cajon, CA - San Diego

0.83 miles
Northgate Motel

0.83 miles
Super 8 by Wyndham El Cajon CA

0.85 miles
Rodeway Inn & Suites El Cajon San Diego East

1.01 miles
Hampton Inn & Suites

1.26 miles
Best Western Plus La Mesa San Diego

1.38 miles

Sombrero

0.29 miles
Jack in the Box

0.48 miles
Quiznos

0.64 miles
Urbn St. Brewing Co.

0.66 miles
Funky Fries and Burgers

0.75 miles
Bobs Big Boy

0.88 miles
Burger King

0.90 miles
Cinnabon

0.90 miles
Subway,starbucks,panda express,arbys.

0.91 miles
Quiznos

0.92 miles

Calvary Chapel of el Cajon Preschool

0.22 miles
Cuyamaca Elementary School

0.59 miles
Johnson Avenue Elementary School

0.63 miles
Saint Albans School

0.69 miles
The Circle Preschool

0.78 miles
Emerald Intermediate School

1.03 miles
Grossmont High School

1.08 miles
Cajon Valley Junior High School

1.09 miles
Chase Elementary School

1.19 miles
Cajon Valley Union School District

1.20 miles

BunnyBears Preschool La Mesa

2.81 miles
Lemon Grove Childcare Center

5.21 miles
World of Wonder Christian Preschool

6.32 miles
Bright Horizons Preschool

8.09 miles
Our Lady of the Sacred Heart Catholic Church Day Care Center

8.13 miles
Murphy Canyon Preschool

8.96 miles
Chinese Bilingual Preschool

9.20 miles

Frequently Asked Questions

How much does 256-258 Richfield Avenue cost?

The space currently listed for sale at 256-258 Richfield Avenue asks for $850,000.

What is the total square footage of 256-258 Richfield Avenue?

256-258 Richfield Avenue totals 2,075 square feet.

When was this property built?

256-258 Richfield Avenue was built in 1980.

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Contact Listing Broker

Craig Stewart

ACRE Investment Real Estate Services

Map of Property

256-258 Richfield Avenue