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Listed by Nikhil Kuruvadi • Real Estate Source, Inc
$1,500,000
Est. payment /mo
1,706 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,706 sqft
Price per Sqft $879
Subdivision El Cajon
MLS Listing ID PT-26177397
Year Built 1947
Lot Size 0.590 Acres
Property Sub-Type Single Family Residence
Source California Regional Multiple Listing Service (CRMLS)
Property Description
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
State CA
County San Diego
Area 92021 - El Cajon
Interior
Fireplaces Type None
Laundry See Remarks
Exterior
Pool None
Community Features Curbs
Building
Lot Description Value In Land
Sewer Public Sewer
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900



