7364 El Cajon Blvd
San Diego, CA 92115
Office & Multi-Family Mixed Use Building · Office Property For Sale

Marcus & Millichap is pleased to present for sale for the first time in 12 years 7364 El Cajon Boulevard. This two story mixed-use property is comprised of 17,000+ square feet of rentable building area, sits on over 30,000 square-feet of land, with frontage on El Cajon Boulevard and accommodates 44 parking spaces at a 2.53/1,000 ratio. The property has 28 office tenants and 10 residential units; 14 of which are currently month to month. The current owner recently completed major improvements to the property including new roof, HVAC, solar panels, and exterior paint. Furthermore, interior office suites and common area bathrooms were remodeled as well as all one bedroom apartments with new kitchens, bathrooms, flooring, and paint. The property has been professionally managed and maintained. The East County multi-family market vacancy is at a 10 year all time low at 3.2%. Asking rents per unit have been on a steady incline since 2007. All one bedroom units were remodeled 2008. Apartment rents are below market averages by 36%. Long term tenants in the market have kept the absorption rate and supply low in the area. Minimal new construction prevents oversaturation but supports the steady market incline.