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Exceptional Development Opportunity! Beautifully remodeled home situated on a prime R-3 zoned lot, offering endless possibilities. The existing home features a brand-new kitchen, new flooring throughout, and beautifully updated bathrooms, making it move-in ready or an excellent rental while you plan your project. The property offers ample front parking behind a secure gated entrance, providing convenience, privacy, and added security. Conveniently located with easy access to major freeways, shopping, dining, and everyday amenities, this location is highly desirable for homeowners, tenants, and future development alike. The home is currently tenant-occupied on a month-to-month lease at $2,650 per month, providing immediate rental income. The tenant would like to remain, offering the opportunity to generate cash flow while you plan and develop the property. The true value is in the land. Ideal for developers, investors, and contractors, the property offers the potential to add up to three ADUs while retaining the existing home, or redevelop the site with multiple residential units (buyer to verify all development possibilities with the city). Whether you’re looking for a turnkey rental, a value-add investment, or your next development project, this property checks every box. Opportunities like this rarely come to market—don’t miss your chance to unlock its full potential.
| Address |
1367 E Madison Ave
El Cajon, CA 92021 |
| Listing Status | ACTIVE |
| Asking Price | $799,000 |
| On Market Date | $819,000 @ Jul 7, 2026 |
| Listed / On-Market Entered | Jul 6, 2026 |
| Original Entry | Jul 6, 2026 |
| Square Footage | 696 sf |
| Bedrooms | 2 |
| Full Bathrooms | 2 |
| Directions | Exceptional Development Opportunity! Beautifully remodeled home situated on a prime R-3 zoned lot, offering endless possibilities. The existing home features a brand-new kitchen, new flooring throughout, and beautifully updated bathrooms, making it move-in ready or an excellent rental while you plan your project. The property offers ample front parking behind a secure gated entrance, providing convenience, privacy, and added security. Conveniently located with easy access to major freeways, shopping, dining, and everyday amenities, this location is highly desirable for homeowners, tenants, and future development alike. The home is currently tenant-occupied on a month-to-month lease at $2,650 per month, providing immediate rental income. The tenant would like to remain, offering the opportunity to generate cash flow while you plan and develop the property. The true value is in the land. Ideal for developers, investors, and contractors, the property offers the potential to add up to three ADUs While... |
| Market Area | 92021 - El Cajon |
| Neighborhood | EC-EL CAJON |
| Complex | El Cajon |
| School District | Not Listed |
| Age Restriction | 0 |
| Property Type | |
| Mello-Roos Fee | $0 |
| HOA Fee | $0 |
| Timeline | Notes |
|---|---|
| Aug 4, 2026 | Price reduced to $799,000 #260016398SD |
| Jul 6, 2026 | Listed for $819,000 #260016398SD |
| County | San Diego |
| Assessor Parcel# | 4891802200 |
| Geographic Areas |
Airport Compatibility Zone: Gillespie Field |
| Highway Locator |
East of I-15 East of I-5 South of I-8 East of I-805 East of SR-163 |
| Ocean Distance | 16.3 miles |
| Style | Single Family Residence |
| Material | Not Listed |
| Lot Size | |
| Fencing | Not Listed |
| Topography | Not Listed |
| Roof | Composition |
| Swimming Pool | None |
| Parking |
Other
Driveway
Total Spaces: 6
Garage Spaces: 0
Non-Garage Spaces:
0 -
6.00
|
| View | Not Listed |
| Year Built | 1948 |
| Laundry Location | Gas Dryer Hookup,Electric Dryer Hookup |
| Elevator | Not Listed |
| Cooling | |
| Heating | None, See Remarks |
| Fireplaces | Not Listed (0) |
| Additional Parcels | No |
| Appliances | Disposal, Built-In Range, Counter Top, Dishwasher |
| Appliances | Yes |
| Assessments | No |
| Association | No |
| Association Fee 2 | 0 |
| Attached Garage | No |
| Below Grade Finished Area | 0 |
| Carport Spaces | 0 |
| Construction Materials | Stucco |
| Cooling | Yes |
| Heating | Yes |
| Land Lease | No |
| Laundry | Yes |
| Levels | One |
| Living Area Source | Assessor |
| Lot Size Source | Assessor |
| Main Level Bathrooms | 0 |
| Main Level Bedrooms | 0 |
| New Construction | No |
| Number Of Units Total | 0 |
| Number Remotes | 0 |
| Parking | Yes |
| Patio | No |
| Pool Private | No |
| Property Attached | No |
| Sprinklers | No |
| View | No |
| Well Depth | 0 |
| Well Gallons Per Minute | 0 |
| Well Pump Horsepower | 0 |
| Well Report | No |
| Platform | CRMLS |
| AOR | San Diego |
| MLS Number | 260016398SD |
| Courtesy of | Coldwell Banker West |
| Listing Agent | Mona Hermiz |
https://www.sandiegocondofinder.com/260016398SD