685 El Cajon BlvdEl Cajon, CA 92020

Property Details for 685 El Cajon Blvd

Year built

1975

Lot size

0.23 AC

Property size (Sq ft)

5,956 SF

Zone code

COMMERCIAL

Property type

Retail space

APN

487-511-02-00

APU

4875110200

Description

This exceptional 5,956 square foot freestanding retail property, situated on a 0.21-acre lot (10,008 sq ft) in El Cajon, CA, presents a compelling value-add investment opportunity. Built in 1975 and renovated in 2021, the single-story building features three units currently generating income via net-lease agreements. The property boasts excellent visibility from El Cajon Boulevard and convenient access to Interstate 8, ensuring high traffic and exposure. Features include a dedicated fenced and secured rear parking area, plus street parking in front, minimizing management responsibilities. The property is divisible, equipped with five separate electricity meters and gas service, and benefits from a recently updated roof and fresh paint. Zoned C-G General Commercial, this well-maintained asset offers potential for increased income through additional leasing or property improvements. The property's location within an Opportunity Zone adds further investment appeal. This is an ideal opportunity for owner-users seeking existing income or investors looking for a strong return. The asking price is $2,295,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,944,381

  6.5%

  $1,794,813

  7%

  $1,666,612

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,469,922

  Geo Method

  $5,282,760

• Alternative Use

  Use

  Valuation

  Residential

  $1,513,992

  Hospitality

  $1,386,809

  Educational

  $1,153,808

  Medical

  $1,193,490

  Retail

  $1,794,813

Location Insight

City

El Cajon

County

San Diego

State

California

Latitude

32.7881

Longitude

-116.974

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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