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Off Market
1/3

El Cajon Blvd & Georgia St.
San Diego, CA 92103


HIGHLIGHTS

  • INFILL TRANSIT ORIENTED DEVELOPMENT SITE
  • BY RIGHT DEVELOPMENT
  • PREMIRE RESIDENTIAL COMMUNITY (Walk Score of 94)
  • EPICENTER OF EMPLOYMENT OPPORTUNITIES
  • EASY FREEWAY ACCESS
  • EXTREAMLY LOW VACANCY RATE

OVERVIEW

INFILL TRANSIT-ORIENTED DEVELOPMENT SITE – The property benefits from easy freeway access, central location to major employment centers, proximity to San Diego’s finest beaches and world-class amenities. PREMIER RESIDENTIAL COMMUNITY – With a walk score of 94 (walker’s paradise), the location offers future residents the walkability of the vibrant North Park/Hillcrest neighborhoods. Residents will benefit from being a short walk to an array of local restaurants, grocery, coffee shops, entertainment, shopping and nearby parks. EPICENTER OF EMPLOYMENT OPPORTUNITIES – The central location offers convenient access to every major employment hub in San Diego County. Downtown, with its firmly established companies and new tech start-ups, is due south. Mission Valley, which is comprised of over 7M square feet of office space is less than three miles to the north. University Towne Center (UTC / Sorrento Valley), home to San Diego’s medical and biotech industries to the northwest. BY-RIGHT DEVELOPMENT – the alley/public right-of-way between the two subject parcels was unanimously approved by city council on February 28th, 2023 to be vacated/closed creating two contiguous parcels. In addition, Historical clearance has been received on subject properties, neither are eligible for designation under HRB Criteria and no further review by Plan-Historic Staff is required. EXCEPTIONAL DEMOGRAPHICS – Approximately 254,000 residents live within a 3-mile radius with an average household income exceeding $103,000. Additionally, approximately 50% of the population in a 3-mile radius is under the age of 35 indicating the desire for young professionals to live in the area. EXTREMELY LOW VACANCY RATE – With approximately 124,000 housing units within a 3-mile radius, the immediate trade area boasts a 3% vacancy rate in a 1-mile radius and 5% in a 3-mile radius. SUPPLY CONSTRAINED MARKET – San Diego is bound by Camp Pendleton to the North, the US / Mexico border to the South, the Pacific Ocean to the West, and the Laguna Mountains to the East. With a population increase of 35,000 per year, San Diego cannot keep pace with the demand for multifamily units.

FOR SALE DETAILS

PRICE

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# OF LOTS

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LAND DETAILS

PROPERTY NAME

El Cajon Blvd & Georgia St. | Land

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family

LAND ACRES

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LAND SF

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OFFSITE IMPROVEMENTS

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ZONING

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APN/PARCEL ID

445-321-01-00,445-321-02-00