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$1,300,000
Est. payment /mo
0.28 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision El Cajon
MLS Listing ID 250024581SD
HOA Y/N No
Year Built 1949
Lot Size 0.275 Acres
Property Description
Prime Investment with Upside Potential in a Coveted Location! Welcome to 1176-80 Flamingo Ave, a rare and exceptional multi-unit investment opportunity situated on a generous 12,000+ SF lot in a desirable neighborhood. With two fully independent homes and ample space to expand, this property offers versatility, long-term upside, and multiple income streams. The main residence spans over 1,900 SF and has been thoughtfully updated, featuring 3 spacious bedrooms, 2.5 modern baths, and an open-concept layout ideal for entertaining or family living. Enjoy the benefits of a recent solar installation, enhancing energy efficiency and lowering utility costs. Perched just above the sparkling pool, the second home boasts approximately 1,000 SF, with 3 bedrooms and 2 full baths, currently generating over $3,600/month in rental income. This setup is perfect for those seeking a strategic mortgage offset, multigenerational living, or a high-performing income property. The expansive lot offers incredible development potential—add additional units, create outdoor amenities, or simply enjoy the extra space. Whether you're looking to grow your portfolio or secure a home with built-in income, this property delivers location, lifestyle, and lasting value.
Location
State CA
County San Diego
Area 92021 - El Cajon
Zoning Res Multi
Interior
Cooling Central Air
Fireplace No
Exterior
View Y/N Yes
Roof Type Composition
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 4840232700
Acceptable Financing Cash, Conventional, Cal Vet Loan, VA Loan
Listing Terms Cash, Conventional, Cal Vet Loan, VA Loan
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Listed by Sam Powell • Regal Properties