7059
El Cajon Blvd,
San Diego,
California
CA
92115
Sold For: $725,000
Listing ID: 190052174
Status:
Closed
Sold Date:
4/29/2021
Transit Zone development opportunity. Located near the 70th & El Cajon Blvd intersection and bus service within 3 blocks. CUPD-CU-2-3 Zoning. With BONUSES, there is potential to build 14 units of 15,633 square feet total residential area. Additional area for commercial can be obtained on the ground floor. With inclusion of affordable housing, the parking requirement is zero (3 of 14 units would be affordable). 50 foot maximum height. Currently a Hookah Lounge. 3,200 SF of retail space. Parking on street and 12 parking spaces in rear off alley. El Cajon Blvd offers ample traffic both vehicle and pedestrian. This property was formerly a restaurant and contains improvements for restaurant use. (Income and costs are an estimate.)
Primary Features
County:
San Diego
Price Reduction Date:
2020-08-07T03:20:30+00:00
Property Sub Type:
Industrial
Property Type:
Commercial Sale
Location
Country:
US
MLS Area Major:
92115 - San Diego
Additional
List Agent State License:
00694258
List Office State License:
00616212
Number Of Units Total:
1
Parcel Number:
4690500800
Financial
Gross Scheduled Income:
48000
Net Operating Income:
34000
Operating Expense:
14000
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Listed by: MikeHabib, DRE #00694258 from Coldwell Banker Realty 619-460-6600
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