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About the Listing 15478 - 107679
Acquisition of this multi-unit commercial property requires the simultaneous purchase of the on-site restaurant, as both assets are held under common ownership. The property currently generates $59,000 in annual rent from three tenants. The restaurant — the fourth occupant — operates rent-free under current ownership, but carries an estimated market rent of $42,000 per year, placing potential Gross Scheduled Income at $101,000 annually. Since 2022, the owners have invested $152,000 in targeted capital improvements: $82,000 into the restaurant's outdoor party area, $24,000 upgrading tenant spaces, $18,000 renovating the on-site residence, and $28,000 enhancing parking (65 spots with plans to expand to 88, ADA in process). The property is predominantly zoned C36, with a minor boundary adjustment currently pending. The adjustment will exchange a small residential strip with the adjacent property for a comparable commercial parcel, resulting in uniform C36 zoning across the entire site. No existing structures or tenants are affected by the change. Strategically positioned along a high-traffic corridor serving popular destinations including Julian, Lake Cuyamaca, and Mount Laguna, the property benefits from consistent year-round visibility and limited direct competition in the immediate trade area. The restaurant draws a loyal, repeat clientele further supported by steady destination traffic passing through the region.
Listing Highlights
Status
Active
Days on Site
0
Property Type
Commercial Sale
MLS ®
NDP2603156
Year Built
1925
Total Square Footage
6,158
Lot/Acreage
N/A
County
San Diego
Area
91916 - Descanso
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
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- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
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Exterior Details
- Lot Description: 2-5 Units/Acre,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: C36 - see remarks
- Roof:
- Others: 2+ Total Units
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4090210300
- Tax Year: N/A
Payment Calculator
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Questions About..
8306 Highway 79 Hwy Descanso, CA 91916
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