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773 N Mollison Ave, El Cajon, CA 92021

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For Sale

$1,120,000

2,500 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $448.00
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

HUGE PRICE REDUCTION. Seller motivated, submit all offers. 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 ADU s. 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 Wendy s, 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 pertaining to this property prior to the removal of contingencies.
MLS# PTP2403716

Courtesy Of Karen M Hubbard

(619) 977-0473

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other

Map and Directions

Directions to 773 N Mollison Ave, El Cajon, CA 92021

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Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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