El Cajon Multi-Family Properties for Sale

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Newest El Cajon Multi-Family Homes for Sale

$1,500,000

5 Beds ⋅ 3 Baths ⋅ PT26177397 MLS ⋅ ACTIVE Status

Incredible investment & multi-unit development opportunity! Situated on a massive 25,700 sqft RM-6000 lot, 1375 Naranca Ave combines instant cash flow with an expansive multi-unit plan. The property currently features two existing dwellings generating $4,800/mo ($3,000 main 3bd/2ba home + $1,800 Jr ADU 2bd/1ba) to easily offset carrying costs. Conceptual plans outline a high-density compound featuring proposed new builds: a 4bd/3ba unit, a 3bd/2ba unit, detached ADU 1, and potential detached ADU 2 garage conversion upside. In total, the multi-unit layouts provide a flexible 5-to-6 unit configuration scaling up to 1415 bedrooms. A rare turnkey development site with exceptional income and scale potential. Incredible investment & multi-unit development opportunity! Situated on a massive 25,700 sqft RM-6000 lot, 1375 Naranca Ave combines instant cash flow with an expansive multi-unit plan. The property currently features two existing dwellings generating $4,800/mo ($3,000 main 3bd/2ba home + $1,800 Jr ADU 2bd/1ba) to easily offset carrying costs. Conceptual plans outline a high-density compound featuring proposed new builds: a 4bd/3ba unit, a 3bd/2ba unit, detached ADU 1, and potential detached ADU 2 garage conversion upside. In total, the multi-unit layouts provide a flexible 5-to-6 unit configuration scaling up to 1415 bedrooms. A rare turnkey development site with exceptional income and scale potential.

1375 Naranca Ave, El Cajon

$1,350,000

8 Beds ⋅ 4 Baths ⋅ 260020603 MLS ⋅ ACTIVE Status ⋅ Complex BLDG.

4-Unit Investment Opportunity with Owner-Occupant Potential in El Cajon! Rare opportunity to own a well-positioned 4-unit property in El Cajon, featuring four single story, 805 sq. ft. units, each with its own private yard, A/C, and two dedicated parking spaces. With one unit becoming vacant, this property offers an excellent opportunity for an owner-occupant to live in one unit while generating rental income from the other three—an attractive option for buyers looking to offset their housing costs while building long-term investment value. Located along Washington Avenue, the property offers convenient access to everyday amenities, including laundromats, shopping centers, restaurants, schools, churches, and other neighborhood conveniences, with many amenities located within approximately one mile. For investors looking to expand the property's potential, there may also be an opportunity to add two additional units, subject to obtaining the necessary City approvals and permits. The seller is willing to provide previously prepared plans that were reviewed and approved by an architect for the proposed additional units. Whether you're looking for an owner-occupied investment, a multi-unit income property, or an opportunity to further maximize the property's potential, 1156 E Washington Ave offers a versatile investment opportunity in a convenient El Cajon location.

1156 E Washington Ave, El Cajon

$1,999,000

8 Beds ⋅ 4 Baths ⋅ NDP2607908 MLS ⋅ ACTIVE Status

Rare 6-Unit Investment Opportunity Prime Income Property Now available , this well-positioned 6-unit apartment complex presents an exceptional opportunity for investors seeking strong cash flow and long-term appreciation. Featuring a diverse unit mix, the property attracts a wide range of tenants, ensuring consistent occupancy and income stability. Strategically located in a high-demand rental area, this asset benefits from steady tenant interest, convenient access to local amenities, and solid rental growth potential. Ideal for both seasoned investors and those looking to expand their portfolio, this property offers multiple avenues for value-add improvements and increased returns. Dont miss this chance to acquire a versatile multi-family asset with built-in income and upside potential. only Unit 2 has washer & dryer hook up. please drive by only , don't disturb tenant. Rare 6-Unit Investment Opportunity Prime Income Property Now available , this well-positioned 6-unit apartment complex presents an exceptional opportunity for investors seeking strong cash flow and long-term appreciation. Featuring a diverse unit mix, the property attracts a wide range of tenants, ensuring consistent occupancy and income stability. Strategically located in a high-demand rental area, this asset benefits from steady tenant interest, convenient access to local amenities, and solid rental growth potential. Ideal for both seasoned investors and those looking to expand their portfolio, this property offers multiple avenues for value-add improvements and increased returns. Dont miss this chance to acquire a versatile multi-family asset with built-in income and upside potential. only Unit 2 has washer & dryer hook up. please drive by only , don't disturb tenant.

321-331 Roanoke Rd, El Cajon

$850,000

4 Beds ⋅ 2 Baths ⋅ PTP2606263 MLS ⋅ ACTIVE Status

Excellent investment opportunity featuring two detached homes each with 2 bedrooms 1 bath on a spacious 8,210 sq. ft. lot! This unique property offers two separate residences, providing privacy and flexibility for investors, multigenerational living, or owner-occupants looking to offset their mortgage with rental income. One of the units has been remodeled, offering updated finishes and move-in-ready appeal, while the second presents an opportunity for additional value or continued rental income. The property also includes an attached one-car garage and ample outdoor space. With projected market rents and strong income potential, these 2 detached homes on one lot is an outstanding opportunity to add to your investment portfolio or live in one unit while renting the other. Excellent investment opportunity featuring two detached homes each with 2 bedrooms 1 bath on a spacious 8,210 sq. ft. lot! This unique property offers two separate residences, providing privacy and flexibility for investors, multigenerational living, or owner-occupants looking to offset their mortgage with rental income. One of the units has been remodeled, offering updated finishes and move-in-ready appeal, while the second presents an opportunity for additional value or continued rental income. The property also includes an attached one-car garage and ample outdoor space. With projected market rents and strong income potential, these 2 detached homes on one lot is an outstanding opportunity to add to your investment portfolio or live in one unit while renting the other.

124-130 Richardson Ave, El Cajon

$999,900

7 Beds ⋅ 5 Baths ⋅ 260018933 MLS ⋅ ACTIVE Status ⋅ Old Highway 80 3 Units BLDG.

Exceptional INVESTMENT opportunity to own 3 income-producing units on approximately 3.5 acres in the desirable East County area near Old Highway 80 and Lake Jennings. The duplex features two spacious units, each with central A/C and attached two-car garages. One side of the duplex unit has been completely remodeled. The detached two-story 3rd unit offers a large private yard and barn/storage area, providing added versatility. Each unit enjoys its own private driveway with ample off-street parking. The property is separately metered with 3 SDG&E meters and 1 water meter. An excellent opportunity for investors seeking strong rental income or an owner-occupant looking to offset expenses with rental income. Excellent long-term tenants currently in place. 3rd unit is not permitted.

14371-73 Old Hwy 80, El Cajon

$1,150,000

PTP2605735 MLS ⋅ ACTIVE Status

lot currently has a habitable house on it. However, the listing is for the land including the engineering and the plans. Plan review is completed by SD County and approved. Ready to pull permits after paying approx. $80K to Helix water, $6,162 Grading permit, $7,878 Demolition permit, and approx. $20K for final building fees. Plans are to build 4 detached units; 3 houses of 4BR/2.5BA, 2,350sf each and 1 ADU of 3BR/2.5BA 1,200 sf. Each house will have a 2-car garage of 500sf. Note that there is a fence at the back and there is a second fence behind it. Property includes both fenced areas. lot currently has a habitable house on it. However, the listing is for the land including the engineering and the plans. Plan review is completed by SD County and approved. Ready to pull permits after paying approx. $80K to Helix water, $6,162 Grading permit, $7,878 Demolition permit, and approx. $20K for final building fees. Plans are to build 4 detached units; 3 houses of 4BR/2.5BA, 2,350sf each and 1 ADU of 3BR/2.5BA 1,200 sf. Each house will have a 2-car garage of 500sf. Note that there is a fence at the back and there is a second fence behind it. Property includes both fenced areas.

1470 Marline Ave, El Cajon

$1,399,000

7 Beds ⋅ 6 Baths ⋅ 260018403 MLS ⋅ ACTIVE Status ⋅ El Cajon BLDG.

3 Homes on 1 Lot Rare Investment & Income Opportunity! Discover the incredible potential of this unique property featuring three separate homes on one lot 160 Cedar: 3 bedrooms, 3 bathrooms, 1,140 sq. ft. 164 Cedar: 3 bedrooms, 2 bathrooms, 1,075 sq. ft. 166 Cedar (Detached ADU):1 bedroom, 1 bathroom, 527.6 sq. ft. Offering a combined 7 bedrooms, 6 bathrooms, and approximately 2,743 square feet of living space, this property provides exceptional versatility and multiple income opportunities. Live in one residence while renting the others, create space for extended family, or add a high-performing asset to your investment portfolio. The detached ADU enhances the property's appeal, providing additional privacy and flexibility for tenants, guests, or family members. Whether you're looking to generate consistent rental income, or secure a property with long-term appreciation potential, this one-of-a-kind opportunity checks all the boxes. Ideal for: * Investors seeking multiple income streams *

160 Cedar St, El Cajon

$699,000

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

$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

$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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