1270 72 Marline Avenue, El Cajon, CA 92021

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List Price
$899,000
Status
ACTIVE
MLS#
PTP2607468
Year Built
1951
Lot Size
19,427
Acres
0.45
Lot Location
Level, Yard
Days on Market
4
Property Type
Multifamily

Property Description

TWO DETACHED HOMES + ROOM FOR MORE! A rare opportunity for an owner-occupant, investor, or buyer looking for future upside. 1270–1272 Marline Ave features two separate 2-bedroom, 1-bath homes situated on one large approximately 0.45-acre parcel in El Cajon. Live in one and rent the other to help offset your monthly housing expense, create a multi-generational living arrangement, or enjoy the privacy and flexibility of two detached residences on one property. Both homes are currently tenant occupied. The tenants would like to remain, but continued tenancy is not a condition of the sale, giving the new owner added flexibility. And there may be more opportunity ahead. The generous lot size may provide potential for a strategically located third residence, ADU, additional development, or a future property configuration designed to preserve the existing homes while maximizing the use and value of the land, subject to City approval. This is the kind of property that can work today while offering possibilities for tomorrow—two existing homes, rental income potential, owner-occupancy options, a large parcel, and potential development upside all in one package. VA, FHA and Conventional financing welcome, subject to buyer and property qualification. Convenient El Cajon location near shopping, schools, transportation and freeway access. Buyer to independently verify zoning, allowable density, ADU/additional dwelling potential, subdivision or lot-split possibilities, setbacks, parking, utilities, financing requirements and all proposed uses with the City of El Cajon, lender and appropriate agencies.

Additional Information

Pool Description
None
Cooling
Yes
Cooling Description
Central Air
Garage Spaces Total
3
Sewer
Public Sewer
Water
See Remarks, Well
Attached Structure
Detached
Number Of Units Total
2
Gross Scheduled Income
$38,400
Operating Expense
4000

Listing courtesy of Listing Agent: Allan Arthur (allan@allansrealproperty.com) from Listing Office: Todd Mitchel Broker.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.