773 N Mollison Ave, El Cajon, CA 92021

$1,195,000 Asking Price

4 beds
2 baths
2,500  sqft
Built in 1950

Attention Developers and Builders! This is a must see opportunity! This property is being marketed for its highest and best use which is Condos, Apartments plus possible additional ADUs. Current zoning is Residential Multi Family R3 / RM2500. Lot size is approximately 15,689. El Cajon City Zoning says 6 units plus perhaps 2 additional. Buyer to verify all at El Cajon City Building Department. This area of Mollison in El Cajon has a high number of multi residential properties. This lot has a high walk score and is adjacent to Dennys, Starbucks, convenience stores and gas stations. It is within walking distance to Wendys, Seven Eleven, and other grocery and fast food stores. Easy access to all with Interstate 8 so close. And, there are elementary, middle and high schools near-by. House that is on property is in good shape. It has nearly 2500 square feet. At some point the patio was enclosed and garage converted, adding considerable living area to the square footage listed on the tax rolls. House now has 4 bedrooms, 2 baths with a really big family room and inside laundry. Property is held in a family trust, permits are unknown. Property is long term tenant occupied. The Tenant is willing to stay on. The terms of which can be negotiated with new buyer. This could help bring in income while development gets under way. Please do not disturb occupant. Drive by showing only for now. Although the information provided herein is thought to be reliable, the buyer and buyers agent MUST satisfy themselves by performing their own due diligence to research and verify all information perta

Features & Amenities

Interior

Laundry:
Laundry Room,Inside
A/C:
Other/Remarks
Fireplace:
Other/Remarks

Exterior

Pool:
None
Parking:
Parking spaces: 20

Construction

General:
1 Story

Location

HOA Amenities:
0.0
Originating MLS:
CR Paragon
County:
San Diego

Lot

Zoning:
Multi Fami, 4843220800
View:
N/K

Financial

Source:
CR Paragon

This listing courtesy of:
Karen Hubbard, Broker, Karen Hubbard

About El Cajon, CA

Housing

Number of Units
62,970
Median Home Value
$514,323
Median Rent
$1,416

46.89% of housing units are renter occupied.

3.22% are vacant.

Commute

Car
69.52%
Public Transportation
2.28%
Walk to Work
1.37%
Work from Home
25.71%
Other
0.70%

The median travel time to work is 22 minutes.

People

Population
176,798
Median Age
37.10
Median Household Size
3.06

Education

High School
26.22%
Associate’s Degree
8.51%
Bachelor’s Degree
17.10%
Graduate Degree
8.87%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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