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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, schools, and convenient access to Interstate 8 and State Route 67, the property benefits from strong and consistent rental demand.
Property Type(s):
Commercial
| Last Updated | 3/2/2026 | Year Built | 0 |
|---|---|---|---|
| Community | 92021 - El Cajon | County | San Diego |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| AREA | 92021 - El Cajon |
| HEAT | None |
| LOT | 0.3528 acre(s) |
| LOT DIMENSIONS | 15370 |
Location
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Listed with Urban Dwellings
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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