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$550,000
Est. payment /mo
8,398 Sqft Lot
UPDATED:
12/05/2024 05:12 AM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2406200
HOA Y/N No
Lot Size 8,398 Sqft
Property Description
Discover a remarkable chance to invest in a strategically located parcel of land with plans for multi-unit development. This property offers the potential for five fully designed residential units, ideal for generating rental income or for resale opportunities. Positioned in the heart of El Cajon, it benefits from close proximity to major freeways and bustling shopping centers, providing unparalleled convenience for future tenants or buyers. The land is situated within an area with city-approved plans aimed at enhancing transit, housing, and public spaces. This forward-thinking development plan ensures a promising future for the neighborhood, making it a smart investment for both immediate returns and long-term growth. Whether you're looking to capitalize on rental income or take advantage of a high-demand real estate market, this property offers the ideal canvas for your next project. Seize this opportunity to be part of El Cajon's dynamic transformation!
Location
State CA
County San Diego
Area 92020 - El Cajon
Zoning R-3:RESTRICTED MULTIPLE
Interior
Fireplace No
Exterior
Community Features Biking, Curbs, Storm Drain(s), Street Lights, Sidewalks
View Y/N Yes
View Neighborhood
Building
Lot Description 2-5 Units/Acre, Near Public Transit
Others
Senior Community No
Tax ID 4874802000
Acceptable Financing Cash, Conventional, Owner Will Carry
Listing Terms Cash, Conventional, Owner Will Carry
Special Listing Condition Standard
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Listed by Marlyn Gonzalez • Compass • marlyngonzalezrealty@gmail.com
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Adrian Castillo
Principal/Realtor | CA DRE#01308935
Principal/Realtor CA DRE#01308935