Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

SingleFamilyResidence

Bedrooms

2

Building size

1,706 sqft

Lot size

25,700 sqft

Year built

1947

Stories

1

Garage spaces

0

Cooling

See Remarks

Pool

None

Status

Active

Days on market

26

MLS #

246926022

About this property

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 14–15 bedrooms. A rare turnkey development site with exceptional income and scale potential.

Location

1375 Naranca Avenue

El Cajon, San Diego, CA, 92021