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Sold for $1,500,000
  • Listing Provided by: Coldwell Banker Realty
    Bought with: Keller Williams Realty
    $1,500,000

    538 S Johnson Ave, El Cajon, CA 92020

    48beds
    32baths
    4,840sqft
    Quadruplex
    Built in 1979
    -- sqft lot
    $1,515,000 Zestimate®
    $310/sqft
    $2,603 Estimated rent

    Home value

    $1,515,000

    $1.39M - $1.65M

    $2,603/mo

    Zestimate® history
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    What's special

    Spacious three-bedroom two-bathroom layoutEight parking spaces
    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.

    Zillow last checked:

    Listing updated:

    Listing Provided by:

    Dustyn Evans DRE #02072664 619-322-0326,

    Coldwell Banker Realty,

    Robin Borrelli DRE #01207280 619-368-9373,

    Coldwell Banker Realty

    Bought with:

    Dalia Hirmez, DRE #01399412

    Keller Williams Realty

    Source: CRMLS,MLS#: PTP2507668MLS LogoOriginating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 48
    • Bathrooms: 32
    Cooling
    • Central Air
    Appliances
    • Laundry: Common Area
    Features
    • Has fireplace: No
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 4,840
    • Total interior livable area: 4,840 sqft

    Property

    Parking
    • Total spaces: 8
    • Parking features: Assigned, Driveway, On Site, Off Street
    • Uncovered spaces: 8
    Features
    • Entry location: two units on ground floor two units on upper
    • Pool features: None
    Lot
    • Size: 9,147 sqft
    • Features: Lawn
    Details
    • Parcel number: 4875322300
    • Zoning: R-3:RESTRICTED MULTIPLE
    • Special conditions: Trust

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1979

    Utilities & green energy

    • Sewer: Public Sewer

    Community & neighborhood

    Community
    • Community features: Curbs
    Location
    • Region: El Cajon

    HOA & financial

    Other financial information
    • Total actual rent: 8675

    Other

    Other facts
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    11/17/2025Sold$1,500,000-1.6%$310/sqft
    Source: CRMLS #PTP2507668 Report a problem
    10/15/2025Pending sale$1,525,000$315/sqft
    Source: CRMLS #PTP2507668 Report a problem
    10/8/2025Listed for sale$1,525,000$315/sqft
    Source: CRMLS #PTP2507668 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$8,709 -1.8%$533,510 +2%
    2024$8,872 -2.2%$523,050 +2%
    2023$9,076 +5.1%$512,795 +2%
    2022$8,638 -12.7%$502,741 +2%
    2021$9,896 +28.1%$492,884 +1%
    2020$7,724 +33%$487,831 +2%
    2019$5,809 +0.2%$478,266 +2%
    2018$5,796 +1.3%$468,889 +2%
    2017$5,721 +4.2%$459,696 +2%
    2016$5,493 +0.5%$450,683 +1.5%
    2015$5,465 +2%$443,914 +2%
    2014$5,360 $435,219 +0.5%
    2013-- $433,253 +2%
    2012-- $424,759 +2%
    2011-- $416,432 +0.8%
    2010-- $413,320 -0.2%
    2009-- $414,303 +2%
    2008-- $406,180 +2%
    2007-- $398,216 +2%
    2006-- $390,409 +2%
    2005-- $382,755 +2%
    2004-- $375,251 +1.9%
    2003-- $368,374 +2%
    2002-- $361,152 +2%
    2001-- $354,072

    Find assessor info on the county website

    Neighborhood: 92020

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,515,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,515,000