Search
10-Unit Apartment Building
For Sale
$2,000,000

359 North 1st Street, El Cajon, CA 92021

Two-story community with private storage, on-site laundry, and dedicated off-street parking for residents.

Property Size5,000 SF
Lot Size0.35 Acres
Price / SF$400
Days on Market186

Property Features for 359 North 1st Street

General Information

Standard status Active
Size 5,000 SF
Total Parking Spaces 10
Lot size 0.35 Acres
Property subtype Commercial-Res Income / Com-Res Income

Units

Unit Mix 10 x 1BR/1BA
Multifamily Units 10

Additional Details

Highway Access Yes

Amenities

on-site laundry
private storage lockers
workshop/storage area
2 Story
2
10.0
10
Apartment, Free Standing
1
Listing Agency: Urban Dwellings
Listed By: Tami J McCraw · License #01435258
Source: Compass
Added: Feb 26 Changed: Aug 30 Last Checked: Aug 30 at 1:26PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Urban Dwellings

Investment Insights

Based on property information with market context.

This two-story apartment property contains 10 one-bedroom, one-bath residences, each measuring approximately 500 square feet, for roughly 5,000 square feet of building area. Individual units feature mini-split heating and cooling along with gas wall furnaces. Select residences include vinyl plank flooring, refreshed bathrooms, and newer countertops.

The property sits on a 0.35-acre lot and includes on-site laundry, 10 private storage lockers, 10 uncovered off-street parking spaces, and a workshop or storage area for owner use. A grassy portion of the site may support additional improvements or tenant amenities, subject to buyer verification. The address is near downtown El Cajon, Parkway Plaza, Wells Park, dining, schools, Interstate 8, and State Route 67.

Key Highlights

  • 10 one‑bedroom, one‑bath apartments, each approximately 500 square feet
  • Approximately 5,000 SF of building area on a 0.35‑acre lot
  • 10 private storage lockers and 10 uncovered off‑street parking spaces

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Travel Agency (Bike/Boat/Book/etc) Store Florist Tanning Salon Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

10
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,206
Businesses Nearby

Demographics for 92021, CA

70,584
Population
23,360
Households
3
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
28.0 sq mi
ZIP Area
2,521
Density / Sq Mi
$69,979
Median Household Income
$37,739
Median Earnings
$1,818
Median Rent
$572,000
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Two-story community with private storage, on-site laundry, and dedicated off-street parking for residents.
Where is this apartment building located?
The property is located at 359 North 1st Street El Cajon, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 10 one‑bedroom, one‑bath apartments, each approximately 500 square feet; Approximately 5,000 SF of building area on a 0.35‑acre lot; 10 private storage lockers and 10 uncovered off‑street parking spaces
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message