1375 Naranca Avenue, El Cajon, CA 92021
- $1,500,000
- List Price
- $1,500,000
- Status
- ACTIVE
- MLS#
- PT26177397
- Year Built
- 1947
- Lot Size
- 25,700
- Acres
- 0.59
- Lot Location
- Value In Land
- Days on Market
- 1
- Property Type
- Single Family Residential
- Property Sub Type
- Single Family Residence
- Stories
- One Level
- Neighborhood
- El Cajon
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 14–15 bedrooms. A rare turnkey development site with exceptional income and scale potential.
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Additional Information
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- See Remarks
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 2
- Gross Scheduled Income
- $57,600
- Operating Expense
- 3700
Listing courtesy of Listing Agent: Nikhil Kuruvadi (nikkuruvadi@gmail.com) from Listing Office: Real Estate Source, Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.