Home | San Diego County | El Cajon | 92021 | 359 N 1st St
MLS: SD260004842 | Status: | Price: $2,130,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 0.35 | – |
Exceptional opportunity to acquire a well-maintained 10-unit apartment community in the highly desirable Rancho El Cajon submarket. The property consists of ten spacious 1-bedroom, 1-bath units, each approximately 500 square feet, offering efficient layouts and strong rental appeal. Each unit provides year-round comfort with mini-split heating and cooling systems, in addition to gas wall furnaces. Several units have been upgraded with vinyl plank flooring, remodeled bathrooms, and updated countertops, offering a balanced mix of stabilized income and continued value-add potential. Investors can capitalize on steady cash flow growth through annual allowable rent increases and by achieving market rents upon turnover. Alternatively, a more comprehensive renovation strategy could accelerate rent growth and reposition the asset to command top-of-market rates. Property amenities include on-site laundry, ten private storage lockers, ten uncovered off-street parking spaces, and a workshop/storage area for owner use. Situated on a generous 0.35-acre (15,370 sq. ft.) lot, the underutilized grassy area presents potential for adding value or expanded tenant amenities (buyer to verify feasibility). Ideally located just minutes from downtown El Cajon, Parkway Plaza, Wells Park, local dining,
| Field | Value |
|---|---|
| MLS # | SD260004842 |
| MLS Source | San Diego MLS |
| Feature | Details |
|---|---|
| Garage/Parking | Other, Garage: Car(s) |
Tami McCraw
Urban Dwellings
License #: 01435258
Phone: (619) 884-9640
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 10 | 10 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | – | 0/0 | – | $900 | – |
| 2 | – | – | 0/0 | – | $975 | – |
| 3 | – | – | 0/0 | – | $1,500 | – |
| 4 | – | – | 0/0 | – | $975 | – |
| 5 | – | – | 0/0 | – | $975 | – |
| 6 | – | – | 0/0 | $975 | $975 | – |
| 7 | – | – | 0/0 | $1,285 | $1,285 | – |
| 8 | – | – | 0/0 | $1,030 | $1,030 | – |
| 9 | – | – | 0/0 | $975 | $975 | – |
| 10 | – | – | 0/0 | $1,285 | $1,285 | – |
| 11 | – | – | 0/0 | $1,030 | $1,030 | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| El Cajon Adult Center | public | UG | 0.13 mi | N/A |
| El Cajon Valley High School | public | 9-12 | 0.32 mi | 3 |
| Naranca Elementary School | public | K-6 | 0.42 mi | 3 |
| Lexington Elementary School | public | K-5 | 0.54 mi | 1 |
| Empower Academy | public | K-8 | 0.58 mi | N/A |
| Elite Academy | public | 9-12 | 0.64 mi | N/A |
| Reach Academy | public | 9-12 | 0.64 mi | N/A |
| Cajon Valley Middle School | public | 6-8 | 0.69 mi | 4 |
| Foothills Adult Education Center | public | UG | 1.16 mi | N/A |
| Grossmont Adult Center | public | UG | 1.16 mi | N/A |
| Magnolia Elementary School | public | K-5 | 1.19 mi | 2 |
| Greenfield Middle School | public | 6-8 | 1.20 mi | 4 |
| Anza Elementary School | public | K-6 | 1.22 mi | 2 |
| Sevick Special Education School | public | UG | 1.29 mi | N/A |
| Meridian Elementary School | public | K-5 | 1.33 mi | 4 |
| Madison Avenue Elementary School | public | K-5 | 1.36 mi | 6 |
| Montgomery Middle School | public | 6-8 | 1.37 mi | 2 |
| Johnson Elementary School | public | K-5 | 1.44 mi | 7 |
| Granite Hills High School | public | 9-12 | 1.57 mi | 6 |
| Chase Avenue Elementary School | public | K-6 | 1.62 mi | 3 |
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This listing information is up-to-date as of April 15, 2026. For the most current information, please contact Tami McCraw, (619) 884-9640.