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3381-3387 El Cajon Blvd 2,640 SF 100% Leased Retail Building San Diego, CA 92104 $1,199,999 ($454.55/SF) 5.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Four (4) retail storefronts with strong street visibility
- Rooftop billboard with consistent monthly income
- Located in the heart of North Park along busy El Cajon Blvd
- Rear 1BR / 2BA residential unit (possible duplex conversion)
- Zoning allows for additional residential units or vertical expansion
- Surrounded by new development and established local businesses
EXECUTIVE SUMMARY
Prime Mixed-Use Investment | North Park, San Diego
Exceptional opportunity to own a high-visibility mixed-use property in the heart of North Park.
3381–3387 El Cajon Blvd features four retail storefronts plus a 1-bedroom / 2-bath residential unit at the rear, with potential to convert into two separate units (subject to City of San Diego approval).
A rooftop billboard provides additional monthly income, and current zoning allows for vertical expansion or additional residential units, offering strong value-add potential.
Located along a major corridor surrounded by new developments, restaurants, and thriving local businesses, this property presents an outstanding opportunity for investors or developers seeking a versatile, income-producing asset in one of San Diego’s most desirable urban markets.
Please do NOT disturb tenants. Contact LA for more details. Property can be shown with accepted offer or LOI.
Exceptional opportunity to own a high-visibility mixed-use property in the heart of North Park.
3381–3387 El Cajon Blvd features four retail storefronts plus a 1-bedroom / 2-bath residential unit at the rear, with potential to convert into two separate units (subject to City of San Diego approval).
A rooftop billboard provides additional monthly income, and current zoning allows for vertical expansion or additional residential units, offering strong value-add potential.
Located along a major corridor surrounded by new developments, restaurants, and thriving local businesses, this property presents an outstanding opportunity for investors or developers seeking a versatile, income-producing asset in one of San Diego’s most desirable urban markets.
Please do NOT disturb tenants. Contact LA for more details. Property can be shown with accepted offer or LOI.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Sale Conditions
Property Type
Building Size
2,640 SF
Building Class
C
Year Built
1950
Price
$1,199,999
Price Per SF
$454.55
Cap Rate
5.85%
NOI
$70,241
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.87
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
C - Retail & Residential
Frontage
AMENITIES
- Bus Line
- Signage
Walk Score®
Walker's Paradise (90)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 447-562-27 | Improvements Assessment | $134,632 (2025) |
| Land Assessment | $260,325 (2025) | Total Assessment | $394,957 (2025) |
PROPERTY TAXES
Parcel Number
447-562-27
Land Assessment
$260,325 (2025)
Improvements Assessment
$134,632 (2025)
Total Assessment
$394,957 (2025)
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3381-3387 El Cajon Blvd
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