Description
469 North First Street Townhomes is a well maintained, high-demand multifamily community offering significant rental upside. The property comprises all 2-bedroom, 2.5-bathroom townhome-style unitseach featuring private patios and balconies. Every unit is equipped with in-unit washer and dryer hookups, a highly valued amenity in the El Cajon rental market, where many competing properties do not offer this convenience. These features enhance tenant retention, as townhome living provides a quieter, more spacious residential experience. A Final Subdivision Map has been recorded for the property, offering a potential condominium conversion and individual unit sales. This presents a compelling alternative exit strategy for investors seeking long-term flexibility. Ideally situated adjacent to Wells Park, the property enjoys excellent walkability to grocery stores, dining, coffee shops, and essential neighborhood servicesmaking it exceptionally attractive to renters who value convenience and lifestyle.
Details
| MLS# | 250025212SD |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 50 |
| Listing Provided By | Eric D. Comer, Broker | Eric Comer |
Features
| Units | 7 |
|---|---|
| Building(s) | 1 |
| Acreage | 0.35 |
Interior
| Heating | Forced Air |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Construction Materials | Frame, Stucco |
|---|
Market Activity 92021
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | El Cajon |
| Zip Code | 92021 |
| Area | 92021 El Cajon |
| Listing VS Median (in 92021) | |
Price: $2,500,000 low | high Med: $475,000 On site: 50 low | high Med: 6.000000 | |