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The Boulevard | 8-Unit Value-Add with Existing Short Term Rental Motel License in Place

Market Price

638 El Cajon Boulevard, El Cajon, CA 92020

Active
Last Updated: 03/13/2025

4,792 sqft

Lot Area

8

Details:
Lot Area:    4,792 sqft
:    8
Year Built:    1938
Year Last Renovated:    2024
Description:

Commercial Asset Advisors, as the exclusive marketing advisor to the Seller, is pleased to present to qualified investors, the outstanding opportunity to acquire The Boulevard, a 8 -unit multi-family property with an existing motel license for potential short-term rentals.

The asset presents a rare opportunity to acquire a multi-family property in the center of the city’s plan for “El Cajon Village”. Work is already underway to give this corridor a “Main Street” feeling with a highly walkable environment.

Additionally, the property includes on-site parking (gated) and solar for the convenience of residents.


This exceptional offering presents investors with the opportunity to acquire a well-maintained hospitality asset. Ownership has recently completed extensive upgrades, including a full interior remodel, fresh exterior paint, installation of 64 solar panels, and secured gated onsite parking. Additional improvements enhance the property’s appeal and efficiency, making it a strong investment in a high-demand market.

Buyers should consult with their advisors and the City regarding permissible uses, permit and entitlement processes, and any applicable regulations.

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