$550,000
For Sale

578 Millar Avenue

El Cajon, CA 92020
0.19 acres | #PTP2406200
Listing OfficeCompass
Type:Purchase
Structure:Land
Zone:Residential

Description

Discover a remarkable chance to invest in a strategically located parcel of land with plans for multi-unit development. This property offers the potential for five fully designed residential units, ideal for generating rental income or for resale opportunities. Positioned in the heart of El Cajon, it benefits from close proximity to major freeways and bustling shopping centers, providing unparalleled convenience for future tenants or buyers. The land is situated within an area with city-approved plans aimed at enhancing transit, housing, and public spaces. This forward-thinking development plan ensures a promising future for the neighborhood, making it a smart investment for both immediate returns and long-term growth. Whether you're looking to capitalize on rental income or take advantage of a high-demand real estate market, this property offers the ideal canvas for your next project. Seize this opportunity to be part of El Cajon's dynamic transformation!

  • Property Details
      • Lot DescriptionTwoToFiveUnitsAcre, NearPublicTransit
      • ViewNeighborhood
    • Measurements
      • Acres0.1928
  • Construction Details
      • Property TypePurchase
  • Community and Neighborhood Details
      • CountySan Diego
  • Financial Details
      • Original List Price$550,000
  • Other
      • MLS #PTP2406200

Location

Nicole StoberReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00