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23841867
23841868

514 S Magnolia Ave, El Cajon, CA 92020

AV
CA 01980677
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego
$2,200,000
364 days on market
Updated 7 days ago
Opportunity zone

504–514 S Magnolia Ave, El Cajon, CA 92020

Details
APN 488-272-12-00 | Block 5
Property Type Office
Sub Type Executive Office, Medical Office (+1)
Square Footage 5,520
Net Rentable (SqFt) 5,520
Units 5
Occupancy 44%
Year Built 1958
Year Renovated 2022
Lot Size (SqFt) 16,988
Zoning OP - Office Professional
Investment Type Owner/User
Occupancy Date 11/25/2025

Medical Office | Owner-User | 5,520 SqFt

Marketing description

504–514 S Magnolia Ave now presents a prime owner-user opportunity in the heart of East County. The ±5,520 SF medical office building is currently 66% vacant, making it ideal for an owner-user to occupy the majority of the space and leverage SBA financing.

Situated on a ±0.39-acre lot within a designated Opportunity Zone, the property provides meaningful long-term upside through lease-up, rent growth, or potential future redevelopment. With limited in-place income and substantial available space, this asset offers a rare chance to secure immediate occupancy while creating significant value over time.

Investment highlights

  • 66% Vacant — Ideal for Owner-User Occupancy

  • SBA Financing Potential (51%+ Owner-User Requirement Easily Met)

  • Located in a Designated Opportunity Zone

  • Flexible Floor Plan for Medical or Professional Office Use

  • Strong Visibility and Access Along S Magnolia Ave

  • Upside Through Lease-Up, Rent Growth, or Redevelopment Potential

Listing Contacts

AV
CA 01980677
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego

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