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Sold on 11/17/2025
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538 S Johnson Ave, El Cajon, CA 92020

$1,500,000

Last sold 11/17/2025 after 47 Days

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    bed

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    bath

Multi-family not for sale

About 538 S Johnson Ave

Property type Multi-family
Year built 1979
HOA fee $0/month
Lot size 9,148 Sqft
Movoto estimate
Rental estimate
Property description
Great investment opportunity in this four-unit gated complex. Each unit offers a spacious three-bedroom, two-bathroom layout of approximately 1,200 square feet, with two units downstairs and two upstairs. The property includes eight parking spaces, two per unit, and a shared on-site laundry room for added tenant convenience. Each kitchen features a dishwasher, garbage disposal, refrigerator, and range, with some units upgraded with new carpet and vinyl flooring. All units have central air conditioning and heat, and the building exterior was fully repainted last year. Ideally situated just minutes from downtown El Cajon, Parkway Plaza shopping center, local restaurants, schools, and major freeways (I-8 and 67), this property offers consistent rental demand and convenience for tenants. Current total rents are $8,675 per month, providing stable income with potential for future growth through light updates and rent optimization.
Listed by
Listing Agent - Dustyn Evans
Listing Agent Contact: 619-322-0326
Listing Office - Coldwell Banker Realty
Source: CRMLS mls logo
MLS#PTP2507668 • last updated 11 months ago
Movoto checked CRMLS for data 5 minutes ago
Overview
Type Residential Income
SubType Quadruplex
Virtual Tour N/A
Status Closed
Lot Size (Acres) 0.21
Lot Size (SqFt) 9147.6
Year Built 1979
Interior
Laundry Community
Exterior
Building Area Square Feet, 4840
Parking Assigned, Driveway, Off Street, On Site
# Uncovered Spaces 8
# Parking Spaces 8
Lot Description Lawn
Amenities / Utilities
Sewer/ Septic Public Sewer
Pool None
Location
County San Diego
Community Features Curbs
Neighborhood El Cajon
Zoning R-3:RESTRICTED MULTIPLE
Directions USE GPS - Johnson Ave
APN 4875322300
Multifamily Details
Expense: Trash 300
Operating Expense 29279
Cap Rate 4.91
Expense: Insurance 3000
Total Expenses 20570
Expense: Water/ Sewer 300
Gross Income 104100
Expense: Electric 1500
Gross Scheduled Income 104100
Expense: Fuel 1500
$1.68M
Range: $1.51M-$1.85M
Last 30 days 
Rental est.: $1,497/month
Gross rent multiplier: 83.5
  • Nov 2025
    mls logo MLS # PTP2507668
  • Nov 17, 2025 Sold
    $1,500,000
  • Oct 15, 2025 Pending
    —
  • Oct 1, 2025 Listed
    $1,525,000
  • Nov 2025
    Public Records
  • Nov 17, 2025 Sold
    $1,500,000 (-1.6%)
  • Year Property taxes Tax assessment
  • 2024
    $8,872 -2.2%
    $523,050 +2.0%
  • 2023
    $9,076 +5.1%
    $512,795 +2.0%
  • 2022
    $8,638 -12.7%
    $502,741
  • 2021
    $9,896 +28.1%
    $502,741 +3.06%
  • 2020
    $7,724 +31.1%
    $487,831
  • 2019
    $5,891 +1.6%
    $487,831 +2.0%
  • 2018
    $5,796 +5.5%
    $478,266 +4.04%
  • 2016
    $5,493 +0.5%
    $459,696
  • 2015
    $5,465
    —
  • 538 S Johnson Ave
    $1.5M
  • —
  • 92020
    $630K -2% y/y
  • El Cajon
    $637K -1% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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