NOT LISTED FOR SALE
2 Beds
2 Baths
6,572 Sq Ft
0.35 Acre Lot

Sale Details

Date Sold: June 16, 2025

Last sale price $2,215,000 $337 Per Sq Ft

8 Days on Market

About This Home

As of June 2025

469 North First Street Townhomes is a well maintained, high-demand multifamily community offering significant rental upside. The property comprises all 2-bedroom, 2.5-bathroom townhome-style units—each featuring private patios and balconies. Every unit is equipped with in-unit washer and dryer hookups, a highly valued amenity in the El Cajon rental market, where many competing properties do not offer this convenience. These features enhance tenant retention, as townhome living provides a quieter, more spacious residential experience. A Final Subdivision Map has been recorded for the property, offering a potential condominium conversion and individual unit sales. This presents a compelling alternative exit strategy for investors seeking long-term flexibility. Ideally situated adjacent to Wells Park, the property enjoys excellent walkability to grocery stores, dining, coffee shops, and essential neighborhood services—making it exceptionally attractive to renters who value convenience and lifestyle.

Last Agent to Sell the Property

Eric Comer

Eric D. Comer, Broker License #00842230 Listed on: 04/23/2025

Last Buyer's Agent

Rod Ewdish

Realty Executives Dillon License #02088018

Realty Executives Dillon
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Townhouse Details

Home Type

  • Townhome

Lot Details

  • 0.35

Home Design

  • Frame Construction
  • Stucco

Interior Spaces

  • 2 Bedrooms
  • 6,572 Sq Ft Home
  • 2-Story Property

Additional Features

  • Number of ADU Units: 7
  • Central Heating and Cooling System

Community Details

  • 7 Units
  • Operating Expense $83,683

Townhouse Details

Home Type

Townhome

Lot Details

0.35 Acres

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • CapRate: 3.89
  • Co List Office Mls Id: 8042
  • Living Area: 6572.0
  • Structure Type: Apartment, Condo, Townhouse
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-06-17T16:56:59Z
  • FullAddress: 469 N 1st
  • ShortSale: No
  • SDMLS_NumofADUUnits: 7.0
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 2

Exterior Features

  • Construction Type: Frame, Stucco

Utilities

  • Cooling: Central Forced Air Gas
  • Heating: Central Forced Air Gas

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 7
  • Annual Operating Expense: 83683.0

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2025
Closed on
Aug 7, 2025
Sold by
Bought by
Seller's Agent
Eric Comer
Eric D. Comer, Broker
Buyer's Agent
Rod Ewdish
Realty Executives Dillon
List Price
$2,500,000
Sold Price
$2,215,000
Premium/Discount to List
-$285,000
-11.4%

Purchase Details

Listed on
Apr 23, 2025
Closed on
Jun 12, 2025
Sold by
Bought by
Seller's Agent
Eric Comer
Eric D. Comer, Broker
Buyer's Agent
Rod Ewdish
Realty Executives Dillon
List Price
$2,500,000
Sold Price
$2,215,000
Premium/Discount to List
-$285,000
-11.4%

Purchase Details

Closed on
Nov 13, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,880
Interest Rate
3.33%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 25, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,600
Interest Rate
5.08%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 20, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$499,600
Interest Rate
5.08%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 30, 2005
Sold by
Bought by

Purchase Details

Closed on
Jul 20, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$795,000
Interest Rate
5.95%
Mortgage Type
Commercial
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$2,215,000 First American Title Insurance
$472,500 Chicago Title Company
-- Chicago
$1,405,884 Stewart Title
-- Fatco
$1,095,000 Commonwealth Land Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $550,000
Previous Owner $637,880
Previous Owner $500,000
Previous Owner $499,600
Previous Owner $94,000
Previous Owner $1,278,000
Previous Owner $795,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/16/2025 06/16/25 Sold $2,215,000 -11.4% $337 / Sq Ft
04/23/2025 04/23/25 For Sale $2,500,000 -- $380 / Sq Ft
Source: San Diego MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $19,968 $2,259,300 $867,000 $1,392,300
2025 $19,968 $1,151,373 $270,907 $880,466
2024 $21,025 $1,128,798 $265,596 $863,202
2023 $19,260 $1,106,666 $260,389 $846,277
2022 $18,616 $1,084,968 $255,284 $829,684
2021 $18,902 $1,063,695 $250,279 $813,416
2020 $17,846 $1,052,789 $247,713 $805,076
2019 $12,654 $1,032,147 $242,856 $789,291
2018 $12,450 $1,011,910 $238,095 $773,815
2017 $30 $992,070 $233,427 $758,643
2016 $11,801 $972,618 $228,850 $743,768
2015 $11,742 $958,009 $225,413 $732,596
2014 $11,514 $939,244 $220,998 $718,246
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 250025212

San Diego MLS

APN: 489-140-86-00

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