469 N 1st, El Cajon, CA 92021
Commercial property
Sold June 2025
Listing Agent: Eric Comer (DRE #00842230) · Listing Office: Eric D. Comer, Broker · Contact: 858-509-1200 · Bought with: Rod Ewdish · Realty Executives Dillon · MLS #250025212SD · Source: CRMLS
About this commercial property
469 North First Street Townhomes is a well maintained, high-demand multifamily community offering significant rental upside. The property comprises all 2-bedroom, 2.5-bathroom townhome-style units—each featuring private patios and balconies. Every unit is equipped with in-unit washer and dryer hookups, a highly valued amenity in the El Cajon rental market, where many competing properties do not offer this convenience. These features enhance tenant retention, as townhome living provides a quieter, more spacious residential experience. A Final Subdivision Map has been recorded for the property, offering a potential condominium conversion and individual unit sales. This presents a compelling alternative exit strategy for investors seeking long-term flexibility. Ideally situated adjacent to Wells Park, the property enjoys excellent walkability to grocery stores, dining, coffee shops, and essential neighborhood services—making it exceptionally attractive to renters who value convenience and lifestyle.
Listing description from the June 2025 sale, as reported to CRMLS.
Sale history