1367 E Madison Ave

El Cajon, CA 92021

About this property

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 marketdon’t miss your chance to unlock its full potential.

About this property

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 marketdon’t miss your chance to unlock its full potential.

Features and Additional Information

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$799,000 Active
2 Bed(s)
2
Baths
696 sqft

Presented By Desert Lifestyle Properties

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Get in touch today! Phone: 1-760-818-7518
Brokerage
Coldwell Banker West
1-619-303-3399
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Area Information

92021 El Cajon | San Diego County | El Cajon

$ 799,000
This listing is play_arrow 33.4% higher than the average in the area
$ 599,000 in the area
696 SqFt
This listing is play_arrow 15.0% smaller than the average in the area
819 SqFt in the area
$ 1,148 $/SqFt
This listing is play_arrow 57.0% more than the average in the area
$ 731 $/SqFt in the area
55 days on site
This listing is play_arrow 511.1% above the average in the area
9 days on site in the area

Schools in the Area

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Listed By Mona Hermiz
Brokerage: Coldwell Banker West

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