1375 Naranca Ave, El Cajon, CA 92021
- $1,500,000
- 5
- BD
- 3
- BA
- List Price
- $1,500,000
- Days on Market
- 1
- Status
- ACTIVE
- MLS#
- PT26177397
- Bedrooms
- 5
- Bathrooms
- 3
- Lot Size(apprx.)
- 25,700
- City
- El Cajon
- Neighborhood
- El Cajon
- Property Type
- Multifamily
Property Description
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.
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Additional Information
- Cooling
- Other
- Lot Size
- 25,700
- Neighborhood
- El Cajon
- Tenant Pays
- Other/Remarks
Mortgage Calculator
Listing courtesy of Listing Agent: Nikhil Kuruvadi (619-549-2303) from Listing Office: Real Estate Source, Inc.
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