4224-4228 El Cajon Blvd 6 752 pi² 100% Loué Commerce de détail Immeuble San Diego, CA 92105 4 323 094 $ CAD (640,27 $ CAD/pi²) 2,60% Taux de capitalisation

Property Type: Retail / Redevelopment
Lot Size: 12,279 SF (0.28 acres)
Existing Improvements: 6,752 SF retail (built 1942)
Frontage: 123’ on El Cajon Blvd
Zoning: Complete Communities Tier 3 Overlay (6.5 FAR, no parking requirement)
Tenancy: About 70% occupied, all month-to-month leases
Price: $3,125,000 ($254/SF land, $463/SF building)
Development Highlights
Preliminary Plans Submitted: Concept for 78 multifamily units + 5,000 SF ground-floor commercial
Parking Plan: 50 underground mechanical spaces with driveway-down design
Entitlement Status: No affordable housing requirement; project can proceed directly to construction documents and building permits
FAR Potential: 69,000 buildable SF
Location Features
Walk Score 93 – Walker’s Paradise
Transit Score 56 – Good Transit
Located in the heart of City Heights on a highly visible corridor with strong redevelopment momentum
Close to major employers, retail, and transit connections
Investment Opportunity
4228 El Cajon Blvd offers investors a rare covered land play in a rapidly evolving San Diego submarket. With all tenants on short-term leases, immediate income is coupled with a clear path to redevelopment. The site’s Complete Communities Tier 3 zoning and submitted plans make this a near-shovel-ready opportunity for multifamily developers.