Property Type: Retail / Redevelopment Lot Size: 12,279 SF (0.28 acres) Existing Improvements: 6,752 SF retail (built 1942) Frontage: 123’ on El Cajon Blvd (1 curb cut) Zoning: Complete Communities Tier 3 Overlay (6.5 FAR, no parking requirement) Tenancy: About 40% occupied, all month-to-month leases Price: $3,500,000 ($285/SF land) Development Highlights Preliminary Plans Submitted: Concept for 78 multifamily units + 5,000 SF ground-floor commercial Parking Plan: 50 underground mechanical spaces with driveway-down design Entitlement Status: No affordable housing requirement; project can proceed directly to construction documents and building permits FAR Potential: 69,000 buildable SF Location Features Walk Score 93 – Walker’s Paradise Transit Score 56 – Good Transit Located in the heart of City Heights on a highly visible corridor with strong redevelopment momentum Close to major employers, retail, and transit connections Investment Opportunity 4228 El Cajon Blvd offers investors a rare covered land play in a rapidly evolving San Diego submarket. With all tenants on short-term leases, immediate income is coupled with a clear path to redevelopment. The site’s Complete Communities Tier 3 zoning and submitted plans make this a near-shovel-ready opportunity for multifamily developers.