619-990-4436
446–448 Claydelle Ave, El Cajon 92020
Acquired on May 30th, 2018 for $424,562 with $6,500 in credits.
This was a personal purchase, remodel, and sale. 5 months between acquisition and disposition. I personally managed the remodel.
(1) 2 bed 1 bath
(1) 1 bed 1 bath
(2) single car garage
446–448 Claydelle Ave, El Cajon 92020 – Two-Unit Multifamily Sale
Property Overview
The property at 446–448 Claydelle Ave consists of two standalone multifamily units situated in one of El Cajon’s high-demand rental corridors. This low-density, value-oriented asset type continues to attract steady investor interest due to its strong rentability and ease of management.
Deal Summary
Sold For: $492,500
Property Type: Duplex (2 Units)
Unit Mix:
(1) 2 Bed / 1 Bath
(1) 1 Bed / 1 Bath
Representation: Seller
This transaction reflects the continued strength of the small-unit multifamily segment within East County.
Investment Highlights
Located in a stable renter market with strong workforce housing demand
Each unit features functional layouts ideal for long-term tenancy
Below replacement cost pricing — appealing to both owner-users and investors
Located near public transit, shopping corridors, and local employment hubs
Strong rent growth potential due to El Cajon’s improving economic fundamentals
El Cajon Multifamily Market Insight
East County — and El Cajon in particular — remains one of San Diego’s most resilient markets for small multifamily assets.
Key trends influencing investor demand:
Consistent rental demand driven by affordability relative to central San Diego
Investors targeting 2–4 unit buildings for their financing flexibility
High interest from buyers exploring ADU additions for increased NOI
Increasing competition for duplex and triplex assets as inventory remains limited
Strong GRM and CAP rate performance compared to other San Diego submarkets
For owners considering selling, the current market continues to reward well-located small-unit properties like Claydelle Ave.
Advisory Strategy & Execution
Representing the seller, Arby focused on positioning the property to attract both first-time multifamily buyers and seasoned investors.
Strategic Actions Included:
Underwriting NOI and market rent upside
Highlighting location fundamentals and tenant demand
Evaluating ADU feasibility to showcase long-term growth potential
Positioning the asset competitively to maximize buyer pool interest
Managing negotiations to secure a clean and timely closing
The sale demonstrated Arby’s expertise in marketing smaller multifamily properties with strong rental potential.
Result
The property sold for $492,500, providing the seller with a successful exit while ensuring the buyer secured a reliable, income-producing asset in a highly sought-after submarket.
Thinking About Selling a Duplex or Small Apartment Building?
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