El Cajon Multi-Family Properties for Sale

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Newest El Cajon Multi-Family Homes for Sale

$1,274,500

6 Beds ⋅ 5 Baths ⋅ 260018232 MLS ⋅ ACTIVE Status

Rare dual living opportunity in San Diego! This vacant property features two spacious, completely detached homes on one lot: Front home is a single-story 3BR/2BA. Rear home is a spacious two story 3BR/2.5 BA. Perfect for an owner occupant wanting to live in one and rent out the other to cover the mortgage, for multi-generational families needing independent space with ultimate privacy. No shared walls! Both are delivered 100% vacant --move right in! Incredible setup with completely separate gas, electric and SOLAR for each home! Total room count reflects both homes combined. This exceptional property features two beautifully maintained homes, each offering privacy, comfort, and modern upgrades. The SINGLE-STORY home boasts a spacious living room with a vaulted ceiling and was tastefully remodeled approximately eight years ago. The TWO-STORY home has been recently remodeled and features two walk-in closets, a large, covered patio, and a generously sized private backyard. Both homes are light and bright, featuring gas appliances, dual-pane windows, and attached 2-car garages with new garage doors and openers. Newer roofs (approximately 8 years old) and INDIVIDUAL SOLAR SYSTEMS help reduce electricity costs. Each home enjoys its own separately fenced backyard, while the entire property is fully enclosed with an electronic driveway gate, providing added privacy and security. The front yard showcases attractive low-water, low-maintenance landscaping. Ideally located within walking distance to schools, shopping, downtown El Cajon, and the transit center, this property also offers easy access to Interstate 8 and the greater San Diego area. Best of all, you're just approximately 15 minutes from the beach!

386-90 Richardson Ave, El Cajon

$4,700,000

22 Beds ⋅ 20 Baths ⋅ 260018202 MLS ⋅ ACTIVE Status

Northwinds Apartments is a 20-unit garden community at 340 Orlando Street in El Cajon, fully gated and built around a lush, meticulously maintained central courtyard. The property is 100% occupied with long resident tenure, averaging nearly four and a half years, and offers 18 one bedroom homes at 550 square feet and two two bedroom homes at 750 square feet, each with a private patio and generous storage. Eleven garages, nine with direct courtyard access, and ample additional gated parking serve the community. Built in 1977 and well maintained since, every unit shows in strong condition with quartz or granite countertops, and finish levels leave room for a moderate value-add program on turns. Central water heaters were replaced within the last five to six years. Gross rents sit roughly 11% below market, giving the next owner a clear path to income growth on an already stabilized asset in one of San Diego County's tightest rental submarkets.

340 Orlando St, El Cajon

$1,649,000

8 Beds ⋅ 8 Baths ⋅ 260017748 MLS ⋅ ACTIVE Status ⋅ Claydelle BLDG.

Well-maintained, income-producing 4-unit property featuring three spacious townhomes with 2 bedrooms and 1.5 bathrooms, plus one 2-bedroom, 2-bath apartment. Set back from the street for added privacy and conveniently located just minutes from Main Street, this property offers an attractive blend of comfort and convenience. Each two-story townhome includes side-by-side interior laundry with a washer and dryer, central air conditioning, an attached single-car garage, and a spacious primary bedroom with a walk-in closet. Three units feature private fenced yards, while the fourth enjoys two private balconies. Additional parking includes three carports and one dedicated off-street parking space. Located in the desirable Claydelle community with no HOA or Mello-Roos fees, this is an excellent investment opportunity offering desirable townhome-style living that appeals to long-term tenants. Well-maintained, income-producing 4-unit property featuring three spacious townhomes with 2 bedrooms and 1.5 bathrooms, plus one 2-bedroom, 2-bath apartment. Set back from the street for added privacy and conveniently located just minutes from Main Street, this property offers an attractive blend of comfort and convenience. Each two-story townhome includes side-by-side interior laundry with a washer and dryer, central air conditioning, an attached single-car garage, and a spacious primary bedroom with a walk-in closet. Three units feature private fenced yards, while the fourth enjoys two private balconies. Additional parking includes three carports and one dedicated off-street parking space. Located in the desirable Claydelle community with no HOA or Mello-Roos fees, this is an excellent investment opportunity offering desirable townhome-style living that appeals to long-term tenants.

360 Claydelle Ave, El Cajon

$3,950,000

260016721 MLS ⋅ ACTIVE Status

Ballantyne Condominiums is a newly constructed mixed-use asset ideally located in the heart of downtown El Cajon, within walking distance of Magnolia entertainment venue, popular restaurants, shopping, and local amenities. The property consists of eight residential condominium units and two ground-floor retail/office suites, including: INVESTMENT OVERVIEW Four (4) spacious 2-bedroom, 2.5-bath units Two (2) 1-bedroom plus study, 1.5-bath units Two (2) 1-bedroom, 1.5-bath units Two (2) street-level retail spaces Each residential unit is equipped with in-unit washer and dryer, individual HVAC systems, and secure gated covered parking. The property is currently 100% occupied, with all residential tenants on month-to-month leases, providing a new owner with the flexibility to implement immediate rental increases and maximize income potential. This turnkey investment is strategically positioned to benefit from the continued growth and revitalization of the East County submarket. A unique value-add opportunity exists for a buyer to complete the HOA formation process and pursue the sale of individual condominium units, potentially unlocking significant additional value. As a rare newer-construction asset, Ballantyne Condominiums offers low maintenance requirements, modern amenities, and strong long-term investment fundamentals

120 Ballantyne St, El Cajon

$14,550,000

105 Beds ⋅ 105 Baths ⋅ 260014840 MLS ⋅ ACTIVE Status

Pleased to present Maronda Terrace, a 56-unit gated multifamily investment opportunity located in the heart of El Cajon, one of East San Diego County’s most established rental markets. Built in 1972, the property sits on an expansive ±1.84-acre parcel and features a desirable unit mix consisting of seven (7) one-bedroom/one-bath units, ten (10) two-bedroom/one-and-a-half-bath townhome units, and thirty-nine (39) two-bedroom/two-bath units, appealing to a broad tenant base seeking larger floor plans and convenient access to regional amenities. The asset has benefited from extensive capital improvements that significantly reduce deferred maintenance and support long-term operational stability. Recent upgrades include roof replacements with long-term warranties on most buildings, upgraded electrical subpanels, exterior paint, parking lot resurfacing, interior property fencing, asphalt improvements throughout parking areas, updated water heaters, and completed SB721 balcony inspections. These improvements provide investors with a well-maintained asset requiring limited near-term capital expenditures.

444-60 Graves Ave, El Cajon

$1,049,000

12 Beds ⋅ 10 Baths ⋅ PTP2604605 MLS ⋅ ACTIVE Status

Excellent investment opportunity in El Cajon! This well-maintained duplex at 855 Franklin Ave features two income-producing units. Unit 1 offers 2 bedrooms and 2 bathrooms, while Unit 2 features 3 bedrooms and 2 bathrooms. Both units are currently tenant-occupied, providing immediate rental income from day one. Each unit enjoys its own private yard, dedicated parking, separate entrance, and individual laundry, offering the feel and privacy of a single-family home. Ideal for investors looking to expand their portfolio or owner-occupants seeking to offset their mortgage. Conveniently located in the heart of El Cajon with easy access to shopping, dining, and major freeways. Dont miss this fantastic opportunity, properties like this dont last long! Excellent investment opportunity in El Cajon! This well-maintained duplex at 855 Franklin Ave features two income-producing units. Unit 1 offers 2 bedrooms and 2 bathrooms, while Unit 2 features 3 bedrooms and 2 bathrooms. Both units are currently tenant-occupied, providing immediate rental income from day one. Each unit enjoys its own private yard, dedicated parking, separate entrance, and individual laundry, offering the feel and privacy of a single-family home. Ideal for investors looking to expand their portfolio or owner-occupants seeking to offset their mortgage. Conveniently located in the heart of El Cajon with easy access to shopping, dining, and major freeways. Dont miss this fantastic opportunity, properties like this dont last long!

855-57 Franklin Ave, El Cajon

$750,000

4 Beds ⋅ 3 Baths ⋅ PTP2604162 MLS ⋅ ACTIVE Status

ADU! Cozy 3 bedroom 2 bath main house with an attached granny flat studio in the back featuring a large room with kitchenette combo and private bathroom.Granny flat has a private entrance. Live in one and rent the other to subsidize your mortgage payments. Property features a spacious backyard with artificial turf and a sparkling swimming pool, perfect for our San Diego hot summers. Enjoy lower SDGE bills as this home is equipped with Solar. Main home boasts an open kitchen living room and dining room concept, perfect for family gatherings. Kitchen has granite countertops, cherry wood cabinets, and a stainless steel refrigerator. All bedrooms and bathrooms are spacious, a perfect home for a growing family. Home features two driveways and an attached garage with washer and dryer hookups. Backyard is spacious with included flower beds, a shed, and a covered patio perfect for family BBQ's. Don't miss out on this spacious home with attached granny flat, it won't last long. ADU! Cozy 3 bedroom 2 bath main house with an attached granny flat studio in the back featuring a large room with kitchenette combo and private bathroom.Granny flat has a private entrance. Live in one and rent the other to subsidize your mortgage payments. Property features a spacious backyard with artificial turf and a sparkling swimming pool, perfect for our San Diego hot summers. Enjoy lower SDGE bills as this home is equipped with Solar. Main home boasts an open kitchen living room and dining room concept, perfect for family gatherings. Kitchen has granite countertops, cherry wood cabinets, and a stainless steel refrigerator. All bedrooms and bathrooms are spacious, a perfect home for a growing family. Home features two driveways and an attached garage with washer and dryer hookups. Backyard is spacious with included flower beds, a shed, and a covered patio perfect for family BBQ's. Don't miss out on this spacious home with attached granny flat, it won't last long.

1605 N Mollison Ave, El Cajon

$999,999

3 Beds ⋅ 2 Baths ⋅ PTP2603529 MLS ⋅ ACTIVE Status

Great opportunity to own a duplex (two units on one lot)! Both units are currently vacant, Each unit offers 3 bedrooms and 2 full bathrooms, providing excellent space and flexibility. The back unit has been recently upgraded with new windows and updated flooring in the living area. Perfect for anyone seeking a great opportunity live in one unit and rent the other, or explore the many possibilities this property offers. Ideally located near shopping, schools, and easy freeway access. Great opportunity to own a duplex (two units on one lot)! Both units are currently vacant, Each unit offers 3 bedrooms and 2 full bathrooms, providing excellent space and flexibility. The back unit has been recently upgraded with new windows and updated flooring in the living area. Perfect for anyone seeking a great opportunity live in one unit and rent the other, or explore the many possibilities this property offers. Ideally located near shopping, schools, and easy freeway access.

1336 Peach Ave, El Cajon

$11,750,000

74 Beds ⋅ 72 Baths ⋅ 260010489 MLS ⋅ ACTIVE Status

Price reduced $1,450,000. We are pleased to present Hart Townhomes, a 24-unit townhome community in El Cajon offered by the original developer. - Built 1991, comprehensively renovated 2016 to 2019 - 22 three bedroom homes (1,350 SF) and 2 four bedroom homes (1,550 SF) - Every home: attached duet, two car garage, private yard, fireplace, in-unit laundry - Tentative map contemplating individual townhome sales - 98% historical occupancy with four plus year average tenant tenure - In-place rents approximately 12% below market - Comparable El Cajon townhomes averaged $681,000 over trailing twelve months - Only 22.8% of El Cajon apartments contain three bedroom units; just 2.3% include four bedroom units Stabilized cash flow with embedded mark-to-market upside and condominium disposition optionality.

445-523 Hart Dr, El Cajon

$13,900,000

101 Beds ⋅ 78 Baths ⋅ 260009381 MLS ⋅ ACTIVE Status

We are pleased to present Villa Capri, a 59-unit apartment community located near the heart of Downtown El Cajon, one of San Diego County’s most active and transit- oriented Tier-2 employment hubs. Positioned just 16 miles east of Downtown San Diego, the property sits within an energetic historic district surrounded by an array of shopping and dining options, year-round entertainment, theatre, and community events. The property is comprised of twenty-four (24) one bedroom/one-bathroom, sixteen (16) two-bedroom/one-bathroom, twelve (12) two-bedroom/two-bathroom, and seven (7) three-bedroom/two-bathroom floorplans that average over 816 sq ft. Each unit is equipped with electric appliances, above-range hood vents, bypass closet doors, and select private patios and balconies. Constructed in 1969, Villa Capri’s community amenities include a sparkling pool, landscaped courtyards, picnic and BBQ areas, ample off-street parking, and on-site laundry facilities. The property offers efficient regional connectivity, just 0.5 miles f rom Interstate 8, 2.5 miles f rom the El Cajon Transit Center, and only steps from a major bus stop at N 2nd St & E Main. Residents enjoy convenient access to key employment destinations including Downtown San Diego, Kearny Mesa, Mission Valley, and UTC, all reachable within approximately 25 minutes.

229-45 Shady Ln, El Cajon

$5,950,000

40 Beds ⋅ 20 Baths ⋅ 260009246 MLS ⋅ ACTIVE Status

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 stabilized asset with value-add potential in a high-demand rental market. 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 stabilized asset with value-add potential in a high-demand rental market.

532 N 1st, El Cajon

$3,900,000

14 Beds ⋅ 13 Baths ⋅ 260007287 MLS ⋅ ACTIVE Status

275 S Mollison Avenue is a 13-unit apartment community offering a fully leased, turnkey investment opportunity. The property features recent upgrades throughout, including new flooring and modern bathroom finishes with floating vanities, creating a clean, contemporary feel that appeals to today’s tenants.This asset delivers stable cash flow, low maintenance, and strong rental demand, all within a private setting and conveniently located near schools, shopping, and major freeways.The current ownership has completed significant improvements, including a full renovation of one unit following vacancy. Upgrades included new cabinetry, flooring, drywall, insulation, updated sliding doors, a remodeled bathroom, and relocation of the water heater to a new tankless system. Professionally managed by Sandirent Property Management for the past three years, the property has maintained consistent performance with no major tenant-related issues, providing investors with confidence in its ongoing operations.An excellent opportunity for investors seeking a stabilized, income-producing asset with upside potential.

275-99 S Mollison, El Cajon

$1,399,000

8 Beds ⋅ 4 Baths ⋅ PTP2506451 MLS ⋅ ACTIVE Status

Great Investment Opportunity! Upside on rental income. The property has 3 first floor units with a fourth unit upstairs with each unit at approximately 860 sq. ft. Each unit has a 1 car garage, one parking spot and has on site laundry room in back of property. Each unit has 2 bedrooms, 1 full bath. Located near the heart of downtown El Cajon. Plenty of parking for all residents & guests. Great Investment Opportunity! Upside on rental income. The property has 3 first floor units with a fourth unit upstairs with each unit at approximately 860 sq. ft. Each unit has a 1 car garage, one parking spot and has on site laundry room in back of property. Each unit has 2 bedrooms, 1 full bath. Located near the heart of downtown El Cajon. Plenty of parking for all residents & guests.

1109 E Lexington, El Cajon

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