Mixed-Use Property With Retail
New
For Sale
$1,135,000
2140 Alpine Blvd, Alpine, CA 91901
Commercial Sale, Alpine, CA
Property Size4,972 SF
Lot Size0.44 Acres
Price / SF$228.28
Days on Market2
Property Features for 2140 Alpine Blvd
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMERCIAL
Lot features
Strip Center, Remarks
Subdivision
ALPINE (91901)
Standard status
Active
APN
403-250-08-00
Size
4,972 SF
Lot size
0.44 Acres
Utilities
Heating system
Electric (Heating), Forced Air, Central
Cooling system
Electric, Central Air
Building Details
Year built
1966
Floors in Building
2
Number of units
6
Listing Agency:
eXp Realty of California, Inc.
(888) 584-9427
Listed By:
Chris Townson · License #01033710
(888) 584-9427 x119
Added: Oct 26
Last Checked: Oct 27 at 12:06AM
MLS# 260025733
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 2140 Alpine Blvd, this mixed-use property contains 4,972 square feet across three retail units and three residential units. The retail spaces measure 741 square feet each for two units and 840 square feet for the third; each has a bathroom, and one suite has a second entrance. Residential space consists of two one-bedroom, one-bath apartments and a three-bedroom, two-bath house. The property was built in 1966 and has central air conditioning and heating.
The site covers 0.4426 acres at the intersection of Arnold Way and Alpine Blvd. Tavern Road, providing access to the I-8 freeway, is 1.2 miles west. Parking includes 10 open spaces and one accessible space on site, additional parking reserved for residential tenants, and public parking in front of the retail storefronts. Zoning is commercial.
The site covers 0.4426 acres at the intersection of Arnold Way and Alpine Blvd. Tavern Road, providing access to the I-8 freeway, is 1.2 miles west. Parking includes 10 open spaces and one accessible space on site, additional parking reserved for residential tenants, and public parking in front of the retail storefronts. Zoning is commercial.
Key Highlights
- Three retail units measure 741 ft.2, 741 ft.2, and 840 ft.2
- Residential mix: two 1 bedroom/1 bath apartments and one 3 bedroom/2 bath house
- 4,972 square feet on 0.4426 acres; built in 1966
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,612
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,652,240
$1.7M
Cap Rate 7%
$1,180,171
$1.2M
Cap Rate 9%
$917,911
$917.9K
Market Conditions
NOI Build-Up for 4,972 SF
Gross rent
$158.1K $31.80/SF
− Vacancy
−$7.9K −$1.59/SF
EGI
$150.2K $30.21/SF
− OpEx
−$67.6K −$13.59/SF
NOI
$82.6K $16.62/SF
Area
San Diego County, CA
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,652,240
Cap Rate 7%
$1,180,171
Cap Rate 9%
$917,911
Alternative Uses
Best Use
Mixed Use
$1.53M
$1.34M – $1.79M
NOI $107,377 @ 7.0% cap · market cap 9.46%
Second Best
Apartment 5plus
$1.18M
$1.03M – $1.38M
NOI $82,612 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$2.28M
$1.99M – $2.66M
NOI $159,460 @ 7.0% cap · market cap 14.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
635
Businesses Nearby
Explore this area
Business Placement
Demographics for 91901, CA
17,688
Population
6,593
Households
2.7
Avg Household Size
43
Median Age
30%
College-Educated
95%
High-School Grad
77.9 sq mi
ZIP Area
227
Density / Sq Mi
$116,600
Median Household Income
$52,848
Median Earnings
$2,064
Median Rent
$804,000
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines three street-facing commercial suites with three residential units behind them.
Where is this mixed-use property located?
The property is located at 2140 Alpine Blvd Alpine, CA.
What is the asking price?
The asking price for this property is $1,135,000.
What are key features of this property?
This property features: Three retail units measure 741 ft.2, 741 ft.2, and 840 ft.2; Residential mix: two 1 bedroom/1 bath apartments and one 3 bedroom/2 bath house; 4,972 square feet on 0.4426 acres; built in 1966
