469 1st, El Cajon CA 92021 | $2,500,000
Listing provided courtesy of Eric Comer of Eric D. Comer, Broker. Last updated 2025-04-24 08:43:53.000000. Listing information © 2025 SANDICOR.
469 North First Street Townhomes is a well maintained, high-demand multifamily community offering significant rental upside. The property comprises all 2-bedroom, 2.5-bathroom townhome-style units—each featuring private patios and balconies. Every unit is equipped with in-unit washer and dryer hookups, a highly valued amenity in the El Cajon rental market, where many competing properties do not offer this convenience. These features enhance tenant retention, as townhome living provides a quieter, more spacious residential experience. A Final Subdivision Map has been recorded for the property, offering a potential condominium conversion and individual unit sales. This presents a compelling alternative exit strategy for investors seeking long-term flexibility. Ideally situated adjacent to Wells Park, the property enjoys excellent walkability to grocery stores, dining, coffee shops, and essential neighborhood services—making it exceptionally attractive to renters who value convenience and lifestyle.
More Details
Parking Spots: 0.00
Construction Materials: Frame
Construction Materials: Stucco
Heating: Forced Air
