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Twana Rasoul

803 N 3rd Street

$1,445,000 803 N 3rd Street, El Cajon, CA 92021
Discover a turnkey investment opportunity in the heart of El Cajon. This fully renovated fourplex features a strong unit mix, including one 3-bedroom, 1.5-bath unit, two 2-bedroom, 1-bath units, and one 1-bedroom, 1-bath unit. Situated on an 8,276 square foot lot, the property offers 3,204 square feet of total living space, on-site laundry, and dedicated parking for tenants. Currently generating $8,485 per month in rental income, this asset is ideal for investors seeking a stabilized property for a 1031 exchange or for owner-occupants looking to use a VA loan with 0% down or conventional financing with as little as 5% down. Offering a 5% cap rate and a GRM of 14 based on current rents, this property presents a rare opportunity to secure a high-performing, low-maintenance investment in a growing rental market. Whether you're house hacking or expanding your portfolio, 803 N 3rd Street delivers both immediate cash flow and long-term upside.
  • For Sale
    Status
  • 8
    Bedrooms
  • 5
    Bathrooms
  • 1973
    Year Built
  • 3,204 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: For Sale
  • Living Space: 3,204 Sq.Ft.
  • MLS® ID: 250029017
  • Type: Residential
  • Year Built: 1973

Interior

  • Total Bedrooms: 8
  • Total Bathrooms: 5
  • Half Bathrooms: 1

Exterior & Building

  • Stories: 2
  • Water Source: Meter on Property
  • Utilities: Sewer Connected
  • Pool: N/K
  • Roof: Composition
  • Air Conditioning: N/K
  • Security Features: N/K

Financial

  • Sales Price: $1,445,000

803 N 3rd Street

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Veteran owned and operated, the Kappel Realty Group is a team of Realtors focused on educating and assisting real estate buyers and sellers in the San Diego region. Nearly all of our agents have advanced degrees and master’s degrees in real estate or finance and half our agents are military veterans.
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