538 S Johnson Avenue, El Cajon, CA 92020
- $1,500,000
- Sold Price
- $1,500,000
- List Price
- $1,525,000
- Closing Date
- Nov 17, 2025
- Status
- CLOSED
- MLS#
- PTP2507668
- Year Built
- 1979
- Lot Size
- 9,147
- Acres
- 0.21
- Lot Location
- Lawn
- Days on Market
- 6
- Property Type
- Multifamily
- Property Sub Type
- Quadruplex
Property Description
Great investment opportunity in this four-unit gated complex. Each unit offers a spacious three-bedroom, two-bathroom layout of approximately 1,200 square feet, with two units downstairs and two upstairs. The property includes eight parking spaces, two per unit, and a shared on-site laundry room for added tenant convenience. Each kitchen features a dishwasher, garbage disposal, refrigerator, and range, with some units upgraded with new carpet and vinyl flooring. All units have central air conditioning and heat, and the building exterior was fully repainted last year. Ideally situated just minutes from downtown El Cajon, Parkway Plaza shopping center, local restaurants, schools, and major freeways (I-8 and 67), this property offers consistent rental demand and convenience for tenants. Current total rents are $8,675 per month, providing stable income with potential for future growth through light updates and rent optimization.
Additional Information
- Pool Description
- None
- Cooling
- Yes
- Cooling Description
- Central Air
- Sewer
- Public Sewer
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $104,100
- Operating Expense
- 29279
Listing courtesy of Listing Agent: Dustyn Evans (dustynevans@gmail.com) from Listing Office: Coldwell Banker Realty.
Listing sold by Dalia Hirmez from Keller Williams Realty
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.