About The Property

748 N. 3rd St is a 17-unit townhouse-style complex located in the suburban family-focused east county region of San Diego. Built in 1982, this sprawling townhouse complex is 30 minutes from downtown San Diego and consists of (17) 2-bdrm. and 1.5-bath townhomes that are approx. 1,045 SF. Each bright and spacious unit includes a back patio, washer, and dryer. 748 N. 3rd St presents approx. 56% rental upside compared to renovated townhomes in the area.


Price $5,300,000

Year Built 1982

City El Cajon

Units 17

Current CAP 3.72%

Price p/ Sq. ft. $299

Price P/ Unit $311,765

Detail shot of 748 3rd


Located 30 minutes from Downtown San Diego, this townhouse-style complex featured (17) 2-bdrm. units offering approx. 56% rental upside. A Del Mar Compass residential agent, having an established relationship with the property’s fiduciary, contacted our team to help the beneficiaries cash out. The fiduciary represented a trust whose beneficiaries were having difficulties agreeing on the disposition of the property. Given high expectations, we approached this transaction with great care, tact, and communication to achieve top dollar.

Drone photo of 748 3rd


Despite heavy economic uncertainty and the continual uptick of interest rates, we hit the ground running. 2 weeks after signing the listing, we generated 20 offers and toured 15+ qualified buyers, leading to a competitive round of best-and-final offers. Ultimately, our Sellers accepted an offer $800,000 over the asking price, with minimal credit requests, which closed 60 days later. With a drastic reduction in market activity this year, our Sellers were thrilled with an over-asking sale in 90 days, results unheard of in today’s market.

Speaking for myself and everyone involved, you were absolutely the best broker we could have selected to market our portfolio. You found an incredible buyer and were able to guide us through so many challenges, including a global pandemic, and secured us a price beyond our expectations.

- Seller (60 Units by The Grove)

“I cannot say enough great things about KST. They take care of you, they have the connections needed, and they get the job done! We were amazed at how quickly our sale went through during the COVID pandemic.”

- Seller (4 Units in Beverly Grove)

“It was truly a pleasure working with Kenny. He is professional, honest, hardworking and most importantly did what he said he would. Kenny sold the property at list price in less than 60 days from start to finish.”

- Seller (Beachfront Generational Asset in Playa del Rey)