Kaiwa Auto Repair 4335 Euclid Ave 1,225 SF Retail Building San Diego, CA 92115 $889,000 ($725.71/SF) 4.60% Cap Rate

This 6,413 square foot lot features a 1,225 square foot structure currently leased for $4,200 per month and operating as an auto body repair shop. Located within the CUPD-CU-2-3 zone and part of the Complete Communities Overlay area, this property presents a rare opportunity for both immediate cash flow and long-term development upside. The current zoning permits continued use as a commercial or personal vehicle repair and maintenance business, allowing the existing operation to remain in place. However, the site also holds significant development potential.
By right, a developer can build up to 11 residential units based on a 1-unit-per-600-square-foot lot area density, with the ability to add 2 accessory dwelling units. For those seeking greater density, the Complete Communities Ordinance—passed in response to the ongoing housing shortage—opens the door to even more ambitious opportunities. A developer can provide 2 affordable units and receive a 50% density bonus, allowing for the construction of up to 17 total units. Alternatively, by incorporating micro-units and 2 affordable units, a 100% density bonus is available, enabling development of up to 22 units.
Sellers have already completed both Phase I and Phase II environmental reports, with no mitigation required, saving time and cost for a future project. With existing income, flexible zoning, and multiple high-density residential development paths available, this property is a developer’s dream with options ranging from infill multifamily to urban micro-housing.