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3451-3465 El Cajon Blvd 19,953 SF Sports & Entertainment Building Offered at $7,766,437 CAD at a 3% Cap Rate in San Diego, CA 92104
Executive Summary
This offering presents a rare opportunity to acquire a two-building retail and office property in the vibrant North Park neighborhood of San Diego. Spanning approximately 19,953 square feet on a 13,383-square-foot lot, the property is positioned along El Cajon Boulevard, one of the city’s most active commercial corridors. The asset features a mix of ground-floor retail and upper-level creative space, with recent renovations enhancing its appeal for a variety of uses.
The property is currently income-producing with multiple tenants in place, generating stable cash flow and offering upside through lease-up of available space. Zoned CT-2-3 and CU-2-3, the site also benefits from inclusion in a Transit Area Overlay Zone and Sustainable Development Area, providing potential for future mixed-use redevelopment. With a proforma cap rate of 7.05% and an asking price of $5,625,000, this property offers investors a compelling combination of current income and long-term value in one of San Diego’s most desirable urban submarkets.
The property is currently income-producing with multiple tenants in place, generating stable cash flow and offering upside through lease-up of available space. Zoned CT-2-3 and CU-2-3, the site also benefits from inclusion in a Transit Area Overlay Zone and Sustainable Development Area, providing potential for future mixed-use redevelopment. With a proforma cap rate of 7.05% and an asking price of $5,625,000, this property offers investors a compelling combination of current income and long-term value in one of San Diego’s most desirable urban submarkets.
Property Facts
| Price | $7,766,437 CAD | Lot Size | 0.31 AC |
| Price Per SF | $389.24 CAD | Building Size | 19,953 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 3% | Year Built | 1982 |
| Property Type | Sports & Entertainment | Parking Ratio | 0.1/1,000 SF |
| Property Subtype | Theater/Concert Hall | Opportunity Zone |
Yes
|
| Building Class | B | ||
| Zoning | CT-2-3 & CU-2-3 - Commercial | ||
| Price | $7,766,437 CAD |
| Price Per SF | $389.24 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 3% |
| Property Type | Sports & Entertainment |
| Property Subtype | Theater/Concert Hall |
| Building Class | B |
| Lot Size | 0.31 AC |
| Building Size | 19,953 SF |
| No. Stories | 2 |
| Year Built | 1982 |
| Parking Ratio | 0.1/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | CT-2-3 & CU-2-3 - Commercial |
Amenities
- Bus Line
1 1
Walk Score®
Walker's Paradise (90)
Property Taxes
| Parcel Number | 447-232-01 | Improvements Assessment | $1,408,314 CAD |
| Land Assessment | $2,253,302 CAD | Total Assessment | $3,661,616 CAD |
Property Taxes
Parcel Number
447-232-01
Land Assessment
$2,253,302 CAD
Improvements Assessment
$1,408,314 CAD
Total Assessment
$3,661,616 CAD
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3451-3465 El Cajon Blvd
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