tomo logo

$3,250,000

Beds
Unknown
sq ft
Unknown

5502 University Ave, San Diego, CA 92105

5502 University Ave

San Diego, CA 92105

  • 46 days on market
The Aztec Canyon Apartments at 5502-06 University Avenue is a 10-unit apartment complex that consists of 5,866 rentable square feet built in 1950 situated on a 21,344 square foot lot with over 12 parking spaces. The unit mix consists of one 3 Bed / 1 Bath unit, three 2 Bed / 1 Bath units, and six 1 Bed / 1 Bath units as well as a billboard that generates income. All the units are completely renovated with brand-new windows, interior finishings, kitchens, vanities, high-end appliances, AC units, vinyl flooring and new appliances. Two units are affordable. There are two washers and two dryers in an on-site laundry room and tenants are billed back for some utilities. There is an assumable Chase loan with a balance of $1,449,000 fixed at 3.34% maturing in March of 2027. There are plans to build twenty 1 Bed / 1 Bath units and additional parking in the rear of the property. The contract for the billboard is up for renewal in January 2025. Soil report, slope study and full topo survey are also available. The property is in the Complete Communities Housing Plan which allows for 6.5 FAR with parking relaxation incentives and no height limits.

Details

Property type

Lot size

0.49 acres

Price per sq ft

Unknown

Year built

Unknown

Price History

11/07/2024
SanDiego

SanDiego #240026674

Listed
$3,250,000
-11.68%
10/01/2024
SanDiego

SanDiego #240013922

Removed
$3,680,000
06/18/2024
SanDiego

SanDiego #240013922

Listed
$3,680,000
+42.91%

Schools & Community

Neighborhood: 

El Cerrito

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Active

Tomo last checked: 12/22/2024 at 4:35 PM

Listing updated: 11/13/2024 at 10:37 AM

Listed by: Benn Vogelsang, NorthMarq Multifamily Phone #: (858) 675-7865

MLS: SanDiego #240026674

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