Commercial Property - 532 N 1St, El Cajon, CA
$5,950,000
532 N 1St, El Cajon, CA
MLS# 260009246SD
Commercial Sale
Nalren refreshed
Listing Agent
Farid Khayamian
DRE #: 01835318
Brokerage: Bluxen, Inc.
Ryan Khayamian
Co-Listing Agent
DRE #: 02226223
Brokerage: Bluxen, Inc.
Description
Pleased to present a rare high cap rate investment opportunity in San Diego County. This 20-unit multifamily property offers strong in-place income with significant upside potential. The property consists of approximately 12,000 square feet of rentable space situated on a 21,928 square foot lot, featuring twenty (20) spacious two-bedroom, one-bathroom units. This well-located asset benefits from its proximity to key amenities, including shopping, parks, schools, and major transportation corridors. Conveniently positioned less than one mile from major retail and community resources such as Town & Country Shopping Center El Cajon, Wells Park, Boys & Girls Club of East County, and El Cajon Valley High School, the property also offers excellent access to Interstate 8 and State Route 67, providing connectivity to major employment hubs throughout San Diego County. Several units have been upgraded with modernized kitchens, updated flooring (tile and carpet), and new bathroom vanities, enhancing tenant appeal and rental potential. Community amenities include gated entry, off-street parking, an on-site laundry facility, a community courtyard, and a swimming pool, contributing to a comfortable and attractive living environment. This is an exceptional opportunity for investors seeking a stabilized asset with value-add potential in a high-demand rental market. Pleased to present a rare high cap rate investment opportunity in San Diego County. This 20-unit multifamily property offers strong in-place income with significant upside potential. The property consists of approximately 12,000 square feet of rentable space situated on a 21,928 square foot lot, featuring twenty (20) spacious two-bedroom, one-bathroom units. This well-located asset benefits from its proximity to key amenities, including shopping, parks, schools, and major transportation corridors. Conveniently positioned less than one mile from major retail and community resources such as Town & Country Shopping Center El Cajon, Wells Park, Boys & Girls Club of East County, and El Cajon Valley High School, the property also offers excellent access to Interstate 8 and State Route 67, providing connectivity to major employment hubs throughout San Diego County. Several units have been upgraded with modernized kitchens, updated flooring (tile and carpet), and new bathroom vanities, enhancing tenant appeal and rental potential. Community amenities include gated entry, off-street parking, an on-site laundry facility, a community courtyard, and a swimming pool, contributing to a comfortable and attractive living environment. This is an exceptional opportunity for investors seeking a stabilized asset with value-add potential in a high-demand rental market.
Property details
Location
532 N 1St • El Cajon, CA 92021
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Recent commercial sales in El Cajon
Sold $5,900,000SOLD909 S Sunshine AvenueMulti Family · 17,978 sqft · 22 units · Aug 2026DP Properties | DRE #01273425Buyer's agent: Jennifer Badillo, Century 21 Masters | DRE #01496797
Sold $2,130,000SOLD359 N 1st StMixed Use · 10 units · Apr 2026Urban Dwellings | DRE #01435258Buyer's agent: Branden Yousif, LPT Realty | DRE #02124031
- Sold $4,375,000SOLD1386 Oakdale AveMixed Use · 17 units · Jan 2026NorthMarq Multifamily | DRE #01883437Buyer's agent: Sean Bascom, South Coast Commercial, Inc. | DRE #01862044
Sold $8,000,000SOLD310 S AnzaMixed Use · 35 units · Dec 2025Eric D. Comer, Broker | DRE #00842230Buyer's agent: Eric Comer, Eric D. Comer, Broker | DRE #00842230
Sold $1,150,000SOLD1349 E Main StreetMixed Use · 11 units · Dec 2025NorthMarq Multifamily | DRE #01883437Buyer's agent: Benn Vogelsang, NorthMarq Multifamily | DRE #01883437
Sold $906,000SOLD1277 N Cuyamaca St2 units · Nov 2025Real Broker | DRE #01783300Buyer's agent: Joyce Huynh, F3 Realty Group | DRE #01899101
Closed commercial sales reported, newest first.
Sale history for 532 N 1st St
- Sold $4,650,000 in February 2022 · MLS #210019909 · Source: CRMLS
CRMLS
MLS# 260009246SD
Listed: 4/17/2026 8:15 AM
© 2026 California Regional Multiple Listing Service, Inc.
Based on information from the California Regional Multiple Listing Service, Inc. as of 6/5/2026 10:22 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.
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Listed by: Bluxen, Inc.
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
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Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.