El Cajon, CA 92020 350 W Washington Avenue
$899,999
9 more
Presented By: Chantelle Helbert with Coldwell Banker West;
- MLS# PTP2503120
- 05/01/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 3
Baths • 1
SQFT • 2,359
Garage • 3
Home Details
CALLING ALL SERIOUS INVESTORS WANTING TO PURCHASE, IMPROVE, HOLD AND MAKE GREAT $$$$ SELLER IS WILLING TO OFFER UP TO $30,000 CREDIT or SELLER FINANCING AT 5% INTEREST, BUYER MUST PUT DOWN 40%. This high-income property on a spacious 6,484 sq. ft. lot is a fantastic investment opportunity. With three separate residences, it’s designed for strong rental income and financial growth. The main house is a 3-bedroom, 1-bathroom home, perfect to live in or rent out. Behind it, two fully detached units—a renovated 1-bedroom, 1-bathroom and a stylish studio—offer additional income streams. Modern upgrades make them highly desirable to tenants. A fully paid solar system keeps energy costs low, increasing your profits. Whether you rent all three units or live in one while collecting steady rental income, this property offers great cash flow and long-term financial security.
Presented By: Chantelle Helbert with Coldwell Banker West;
Interior Features for 350 W Washington Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup, GasDryerHookup, SeeRemarks
Total Stories1
Other Rooms
Entry Level1
General for 350 W Washington Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate7.87
Carport Y/NNo
CityEl Cajon
Community FeaturesCurbs, StreetLights, Suburban
CountySan Diego
DirectionsW Washington Ave is off El Cajon Blvd Please park down S Sunshine Ave, there is no street parking.
Electric Expense150.0
Electric On Property Y/NNo
Entry Locationfront door 1st level
Fuel Expense0.0
Garage Spaces3.0
Garage Y/NYes
Gross Income6200.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToExistingLoan, CashToNewLoan, Conventional, Exchange1031, OwnerMayCarry, OwnerPayPoints, PrivateFinancingAvailable
Lot Size Square Feet6534.0
Lot Size UnitsSquareFeet
MLS Area92020 - El Cajon
MobileHomeRemainsYNNo
Net Operating Income5900.0
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
Open Parking Spaces3.0
Operating Expense300.0
Pool FeaturesNone
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot03001
Taxes$0
Total Actual Rent6200.0
Trash Expense75.0
Virtual TourClick here
Water Sewer Expense75.0
Waterfront Y/NNo
Year Built1951
Year Built SourceAssessor
ZoningR-1:SINGLE FAM-RES
Exterior for 350 W Washington Avenue
Building Area Total2359.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.15
Lot Size Area6534.0
Lot Size SourceOwner
Number of Buildings3
Number of Separate Electric Meters1
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking6.0
Water SourceSeeRemarks
Additional Details
Price History
Hal Schlegel
Broker Associate