---
listing_id: SD260009246
status: Active
price: 6495000
beds: 0
baths_full: 0
baths_half: 0
sqft_living: 
sqft_lot: 21929
lot_acres: 0.5
year_built: 
property_type: Residential Income
property_subtype: 
address: "532 N 1st"
city: El Cajon
state: CA
zip: 92021
county: "San Diego County"
lat: 32.800922
lng: -116.945168
days_on_market: 6
hoa_fee: 
hoa_frequency: 
garage_spaces: 0
list_agent: "Farid Khayamian"
list_office: "Bluxen, Inc."
list_agent_phone: "(858) 922-4845"
list_agent_license: 01835318
mls_source: SDMLS
modified: 2026-04-20
transaction_type: buy
---

Home | San Diego County | El Cajon | 92021 | 532 N 1st

532 N 1st, El Cajon, CA 92021

MLS: SD260009246 | Status: | Price: $6,495,000
Beds/Baths: – / –
Property Type: Residential Income

Quick Facts

Beds Baths Sq Ft Acres Lot Yr Built
0.5

Remarks

Pleased to present a rare high cap rate investment opportunity in San Diego County. This 20-unit multifamily property offers strong in-place income with significant upside potential. The property consists of approximately 12,000 square feet of rentable space situated on a 21,928 square foot lot, featuring twenty (20) spacious two-bedroom, one-bathroom units. This well-located asset benefits from its proximity to key amenities, including shopping, parks, schools, and major transportation corridors. Conveniently positioned less than one mile from major retail and community resources such as Town & Country Shopping Center El Cajon, Wells Park, Boys & Girls Club of East County, and El Cajon Valley High School, the property also offers excellent access to Interstate 8 and State Route 67, providing connectivity to major employment hubs throughout San Diego County. Several units have been upgraded with modernized kitchens, updated flooring (tile and carpet), and new bathroom vanities, enhancing tenant appeal and rental potential. Community amenities include gated entry, off-street parking, an on-site laundry facility, a community courtyard, and a swimming pool, contributing to a comfortable and attractive living environment. This is an exceptional opportunity for investors seeking a sta

MLS Listing Information

Field Value
MLS # SD260009246
MLS Source San Diego MLS
Days on Site 6

Features

Interior Features

Feature Details
Flooring Ceramic Tile, Concrete, Vinyl, Wood
Cooling Window/Wall Unit
Heating Wall Furnace

Exterior Features

Feature Details
Roof Other

Parking, School, and Other Information

Feature Details
Garage/Parking Carport, Garage: Car(s)
Zoning R-3:RESTRI

Contact Information

Listing Agent Co-Listing Agent
Farid Khayamian Ryan Khayamian
Bluxen, Inc.
License #: 01835318 License #: 02226223
Phone: (858) 922-4845 Phone: (858) 900-1067

Property Units

# Buildings # Leased Units # Total Units
1 20 20

School Ratings

School data provided by GreatSchools.org

Nearby Schools

School Type Grades Distance Rating
El Cajon Adult Center public UG 0.07 mi N/A
Naranca Elementary School public K-6 0.27 mi 3
El Cajon Valley High School public 9-12 0.33 mi 3
Empower Academy public K-8 0.60 mi N/A
Cajon Valley Middle School public 6-8 0.65 mi 4
Lexington Elementary School public K-5 0.70 mi 1
Elite Academy public 9-12 0.77 mi N/A
Reach Academy public 9-12 0.77 mi N/A
Magnolia Elementary School public K-5 1.04 mi 2
Greenfield Middle School public 6-8 1.12 mi 4
Foothills Adult Education Center public UG 1.24 mi N/A
Grossmont Adult Center public UG 1.24 mi N/A
Sevick Special Education School public UG 1.35 mi N/A
Anza Elementary School public K-6 1.36 mi 2
Johnson Elementary School public K-5 1.38 mi 7
Madison Avenue Elementary School public K-5 1.41 mi 6
Montgomery Middle School public 6-8 1.44 mi 2
Meridian Elementary School public K-5 1.46 mi 4
Granite Hills High School public 9-12 1.63 mi 6
W. D. Hall Elementary School public K-5 1.66 mi 2

Disclosures

©2026 San Diego MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from San Diego MLS.

Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.

This listing information is up-to-date as of April 20, 2026. For the most current information, please contact Farid Khayamian, (858) 922-4845.