4228 El Cajon Blvd, San Diego, CA — $2,950,000

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About this home

PRICE DROPPED! Rare City Heights redevelopment site on busy El Cajon Blvd: 12,250 SF lot with 6,752 SF existing retail, all month-to-month. Complete Communities Tier 3 Overlay allows up to 6.5 FAR with no parking minimums. Preliminary plans submitted for 78 multifamily units over 5,000 SF of ground-floor commercial. Ready to move into construction drawings and permits. Excellent 123' frontage, Walk Score 93, Transit Score 56; strong covered-land play with income during planning. Asking $2,995,000 ($243/SF land). Do not disturb tenants.

🏠 HomeFax

Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk

🏷 Last sold$200,000 · Apr 2023

📋 Assessed value$1,172,842

💵 Annual tax$16,322

🏫 School districtSan Diego City Unified School District

MLS #250040445

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone

🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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VA loan (no PMI)

Estimated total monthly payment

$18,481

Principal & interest$14,917

Property tax$2,704

Home insurance$860

Down payment: $590,000Loan: $2,360,000

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.