8306 Highway 79 Highway,Descanso, CA 91916
Descanso, CA 91916
Description
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.
Details
| MLS # | NDP2603156 |
|---|---|
| Listing Type | For Sale |
| Style | Business |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 164 |
| Listing Provided By | Sandbar Realty Group | Bryan Gonzales |
Features
| SQ Feet | 6,158 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 4 |
| Zoning | C36 - see remarks |
| Acreage | 0.00 |
Interior
| Heating Yes / No | No |
|---|---|
| Cooling Yes / No | No |
Exterior
| Lot Features | Two To Five Units Acre |
|---|
Area Information
| State | CA |
|---|---|
| County | San Diego |
| City | Descanso |
| Zip Code | 91916 |
| Area | 91916 Descanso |
| Listing VS Median (in 91916) | |
Price: $2,250,000 low | high Med: $674,000 sqft: 6,158 low | high Med: 1,476 $ / sqft: $365 low | high Med: $459 On site: 164 low | high Med: 36.5 | |
Market Activity 91916
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | Descanso |
| Zip Code | 91916 |
| Area | 91916 Descanso |
| Listing VS Median (in 91916) | |
Price: $2,250,000 low | high Med: $674,000 sqft: 6,158 low | high Med: 1,476 $ / sqft: $365 low | high Med: $459 On site: 164 low | high Med: 36.5 | |