5502 University Ave, San Diego, CA 92105

All the units are fully renovated with new appliances, hoodfans/microwaves, and vinyl flooring. Several units are updated with a brand-new Kitchen. All the units are updated with split unit A/C units. Unit mix; One 3bed/1 bath, Three 2bed/1bath, Six 1bed/1bath). Out of these units, one 2 bedroom and a one-bedroom unit are under the rent control agreement with current monthly rent capped at $1,900 and $1,600. Brand-new laundry room with new coin-operated machine. The laundry room currently has 2 washing machines and 2 dryers with no contract. Also, we have an assumable loan available at $1.5M loan at 3.3% rate. The addition plan includes 20 identical 480 sq ft 1 bed/1 bath units. We've successfully cleared a single disciplinary review with the Fire Department and are currently in the process of scheduling the Geotech report. Engineering plans are slated for final submission by the end of February. The architectural plan will be provided upon accepting an offer. Billboard on site for additional income.