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$ 2,500,000
Est. payment | /mo
0.35 Acres Lot
$ 2,500,000
Est. payment | /mo
0.35 Acres Lot
Key Details
Property Type Condo, Townhouse
Sub Type Apartment,Condo,Townhouse
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250025212
Lot Size 0.348 Acres
Acres 0.35
Property Sub-Type Apartment,Condo,Townhouse
Property 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 units—each 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 services—making it exceptionally attractive to renters who value convenience and lifestyle.
Location
State CA
County San Diego
Area El Cajon (92021)
Interior
Heating Central Forced Air Gas
Cooling Central Forced Air Gas
Building
Story 2
Others
Space Rent $181,200
Listed by Eric D Comer • Eric D. Comer, Broker
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