College Plaza

Commercial Asset Advisors is pleased to present the opportunity to purchase 7149-7151 El Cajon Blvd., a 1.14 acre investment or redevelopment site located in the heart of the rapidly growing college area neighborhood. The offering consists of five adjacent parcels totaling, 49,848 square feet. This property falls into Tier 3 of Complete Communities; this allows a developer to take advantage of a possible density bonus to a FAR of 6.5. The site offers the Buyer an opportunity to construct a multi-family development in one of the highest demand locations for housing in all of San Diego. Residents and students alike would be located in close proximity to the expanding San Diego State University (SDSU) campus. At the convergence where La Mesa meets College Area, investors will experience the benefits of both rapidly growing submarkets with several new developments in the La Mesa area, SDSU expanding their campus in the SDSU Mission Valley project at an incredibly in-demand university, and the gentrification of El Cajon Blvd. in the heart of the path of redevelopment via Complete Communities. It goes without saying that the immediate area will be completely transformed in the coming years. The submarket is home to SDSU and its staff of more than 3,000. It also has a student population of est. 35,000, which provides an inelastic source of demand for rentals—only about 5,300 students live in college-owned or -operated housing, with fewer than 7,000 purpose-built student housing.