1367 E Madison Ave, El Cajon, CA 92021

Description

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.