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$1,500,000
Est. payment /mo
5 Beds
3 Baths
0.59 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision El Cajon
MLS Listing ID PT26177397
Bedrooms 5
Lot Size 0.590 Acres
Property Sub-Type Res Income 2-4 Units
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.
Location
State CA
County San Diego
Zoning Assessor
Direction Take I-8 East to the N 2nd St exit in El Cajon, head north on 2nd St for about 0.5 miles, turn right onto Naranca Ave, and 1375
Interior
Cooling Other/Remarks
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 4891211100
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
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Listed by Nikhil Kuruvadi, DRE#02122787 Real Estate Source, Inc
Nearby Locations
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Josh Pono
Owner/CEO/Trainer/Coach License ID: 02016846
Owner/CEO/Trainer/Coach License ID: 02016846