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3128 El Cajon Boulevard, San Diego, CA 92104

$998K2bd · 1ba · 1,497 sqft
Lot 5,249 sqft•Single Family Residence•
Active
•12d on market•MLS# 8N-2609188

Property Description

Welcome to one of the highest-density mixed-use development entitlements in North Park. This parcel is in the CC-3-9 zone on El Cajon Boulevard, with Complete Communities Housing Solutions Tier 3 eligibility at 6.5 FAR, plus Transit Area Overlay Zone, Transit Priority Area, and Mobility Zone 2 status. Two merged subdivision lots under one APN give it the scale many corridor sites lack. The attached feasibility study is a listing-stage analysis to support an informed valuation decision. Modeled are three development paths: a low-capital single-ADU activation, a mid-capital small mixed use stack under base CC-3-9 zoning, and a full CCHS Tier 3 mixed-use redevelopment. The analysis considers the El Cajon Boulevard Gateway Improvement District, SDIA Airport Influence Area Review Area 2, Moderate Paleontological Sensitivity, slopes 25%+ designation, no Coastal Overlay or Coastal Height Limit constraint. Together, these conditions create three clear legal development pathways under current 2026 City of San Diego entitlements. Office previously rented for $4,500/mo. Use for rental or construction trailer to build. Feasibility study in documents for review. The property is currently being utilized as office space and does not contain a shower or oven.

Features & Amenities

FeeBuilt 1950

Property Details

Land Type
Fee
Year Built
1950
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
0
Garage Spaces
0
Cooling
Central Air
City
San Diego
Zip Code
92104
County
San Diego
Listed byCompass, Katrina Butts

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$5,046.43
Principal & Interest
Loan Amount
$798,400
Total Interest
$1,018,315
Total Payment Over 30 Years
$1,816,715
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

3128 El Cajon Boulevard, San Diego, CA 92104

San Diego · Single Family Residence

$998K
Affordable Tier
Beds
2
Baths
1
Sqft
1,497
Lot
5,249 sqft
Year
1950
$/Sqft
$667
Pool: No✓
Spa: No✓

Listed 23.2% below the median closed sale of $1,299,888. Price per sqft ($667) is a 28% discount to closed comps ($925).

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $998K· $667/sqft
Total list price
Closed comps
vs closed median $1.30M
−$302K (−23.2%)
Active comps
vs active median $750K
+$248K (+33.1%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $627
+$40 (+6.4%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
7450 Jamacha RoadSan Diego1950321,3107,200$572$749,0005282
3935 GayleSan Diego1951321,2735,500$589$749,99914482
7121 Skyline DRSan Diego1960321,2745,100$597$760,000679
16433 Felice DriveSan Diego1964221,1977,200$602$720,0007979
1620 Glenwood DriveSan Diego2024221,2604,791$774$975,00014677
Total: 5 · Average2.62.01,262.85,958.2$626.8$790,799.885.4
Median1,273$749,999

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
1960 Emerald StreetSan Diego194909/21/2026221,3426,300$1.90M$1.95M$1,4531.032686
6321 Celia VistaSan Diego195010/07/2026311,39117,859$795,000$802,500$5771.016285
4985 Lucille DriveSan Diego195009/24/2026321,3255,800$1.30M$1.30M$9811.004283
4985 Lucille DriveSan Diego195009/24/2026321,3255,800$1.45M$1.30M$9810.906983
4852 Elsa RoadSan Diego195610/08/2026311,3549,147$859,000$860,000$6351.004181
Total: 5 · Average2.81.61,347.48,981.2$1.24M$1.24M$925.4—48
Median1,342$1.30M$1.30M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.