4228 El Cajon Blvd – City Heights Redevelopment Opportunity

Highlights:

• 4228 El Cajon Blvd offers investors and developers a rare infill redevelopment opportunity in the heart of San Diego’s City Heights neighborhood. The property features ±12,250 SF of land with ±6,752 SF of existing retail improvements, all leased to tenants on month-to-month terms. With 123 feet of frontage on one of San Diego’s busiest commercial corridors, the site delivers both immediate cash flow and long-term development potential. The property is located within the Complete Communities Tier 3 Overlay, which provides up to 6.5 FAR with no minimum parking requirement. Preliminary plans have already been submitted for a mixed-use project with 78 multifamily units over ±5,000 SF of ground-floor retail, supported by ±50 underground mechanical parking stalls. Because of the site’s zoning and entitlement framework, the project may proceed directly to construction documents and building permits without substantive delays. This location benefits from exceptional walkability (Walk Score® 93 – “Walker’s Paradise”) and transit access (Transit Score® 56), making it ideal for higher-density residential and retail uses. City Heights is one of San Diego’s most dynamic and evolving communities, supported by strong rental demand, diverse demographics, and major nonprofit and private redevelopment efforts along El Cajon Blvd. Investment Summary Lot Size: ±12,250 SF Existing Improvements: ±6,752 SF retail (built 1942) Zoning: Complete Communities Tier 3 Overlay (6.5 FAR, no parking minimums) Frontage: 123 feet on El Cajon Blvd Occupancy: 100% occupied, all tenants month-to-month Development Potential: 78 units + ±5,000 SF commercial, plans submitted Asking Price: $3,500,000 ($285/SF land) This is a near-shovel-ready development site in a rapidly redeveloping submarket of San Diego. The combination of current income, Tier 3 zoning, and submitted plans makes 4228 El Cajon Blvd a compelling covered land play for multifamily and mixed-use developers. Do not disturb tenants. Contact listing broker for Offering Memorandum and plan set.
• Preliminary plans submitted for 78 multifamily units + ±5,000 SF retail
• Large parcel: ±12,250 SF with 123’ of frontage on El Cajon Blvd
• Covered land play – ±6,752 SF existing retail w/ tenants on month-to-month
• Covered land play – ±6,752 SF existing retail w/ tenants on month-to-month
• High-visibility corridor with Walk Score® 93 & Transit Score® 56
• Rapidly redeveloping City Heights / Mid-City San Diego location

Description:

4228 El Cajon Blvd offers investors and developers a rare infill redevelopment opportunity in the heart of San Diego’s City Heights neighborhood. The property features ±12,250 SF of land with ±6,752 SF of existing retail improvements, all leased to tenants on month-to-month terms. With 123 feet of frontage on one of San Diego’s busiest commercial corridors, the site delivers both immediate cash flow and long-term development potential.
The property is located within the Complete Communities Tier 3 Overlay, which provides up to 6.5 FAR with no minimum parking requirement. Preliminary plans have already been submitted for a mixed-use project with 78 multifamily units over ±5,000 SF of ground-floor retail, supported by ±50 underground mechanical parking stalls. Because of the site’s zoning and entitlement framework, the project may proceed directly to construction documents and building permits without substantive delays.
This location benefits from exceptional walkability (Walk Score® 93 – “Walker’s Paradise”) and transit access (Transit Score® 56), making it ideal for higher-density residential and retail uses. City Heights is one of San Diego’s most dynamic and evolving communities, supported by strong rental demand, diverse demographics, and major nonprofit and private redevelopment efforts along El Cajon Blvd.
Investment Summary
Lot Size: ±12,250 SF
Existing Improvements: ±6,752 SF retail (built 1942)
Zoning: Complete Communities Tier 3 Overlay (6.5 FAR, no parking minimums)
Frontage: 123 feet on El Cajon Blvd
Occupancy: 100% occupied, all tenants month-to-month
Development Potential: 78 units + ±5,000 SF commercial, plans submitted
Asking Price: $3,500,000 ($285/SF land)
This is a near-shovel-ready development site in a rapidly redeveloping submarket of San Diego. The combination of current income, Tier 3 zoning, and submitted plans makes 4228 El Cajon Blvd a compelling covered land play for multifamily and mixed-use developers.
Do not disturb tenants. Contact listing broker for Offering Memorandum and plan set.

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