638 El Cajon Blvd.

Description

Outstanding opportunity to acquire The Boulevard, a 10 room multi-family property with an existing motel license for potential short-term rentals. The asset presents a rare opportunity to acquire a multi-family property in the center of the citys plan for "El Cajon Village. Work is already underway to give this corridor a "Main Street feeling with a highly walkable environment. Additionally, the property includes on-site parking and laundry facilities for the convenience of residents. This one-of-a-kind offering allows an investor to acquire an existing hospitality asset and reposition to add value or the potential to create value by adaptively reusing the improvements for an alternative use such as multi-family apartments, and more. Buyer should consult with their consultants and the City for permissible uses, permit and entitlement processes, related restrictions and density/affordability bonus.