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    4604 University Ave San Diego, CA 92105

    For Sale
    $1,875,000

    Freestanding 6,438 SF commercial building in City Heights.

    Property size:
    6,438 SF
    Lot size:
    0.21 Acres

    Property Features for 4604 University Ave

    General Information

    Size
    6,438 SF
    Lot size
    0.21 Acres

    Source: South Coast Commercial, Inc Agent Brian Nelson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    City Heights Commercial Corner Building

    Located in a Complete Communities + Opportunity Zone in City Heights, this freestanding corner building at 4604 University Avenue offers 6,438 square feet of space on a 9,258 square foot parcel. Zoned for commercial use, the property is suitable for various purposes. Currently, a month-to-month tenant uses the space for retail/wholesale storage. The property includes six off-street gated parking spaces, plus two 30-minute street spaces. The current single net lease provides a 3.4% CAP rate, with rental upside potential by adjusting to the market rate of $1.60 per square foot. Over 23,000 vehicles pass by the property daily on University Avenue. The property is located in a Complete Communities Tier 3 Zone, allowing for 60+ apartment units to be built over retail with a FAR of 6.5. The current tenant has leased the property for the past 10 years and operates a nail/beauty supply warehouse business. Potential uses include: Complete Communities + opportunity zone redevelopment, owner/user opportunity, holding for redevelopment while generating cash flow, or subdividing into retail spaces. The owner is responsible for property taxes, insurance, and roof maintenance, while the tenant covers all other expenses.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.0952083
    Latitude
    32.7497624

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    FAQs

    What type of property is this?
    Retail space - Freestanding 6,438 SF commercial building in City Heights.
    Where is this retail space located?
    The property is located at 4604 University Ave San Diego, CA.
    What is the asking price?
    The asking price for this property is $1,875,000.
    What are key features of this property?
    This property features: - Located in a Complete Communities Tier 3 Zone and Opportunity Zone, offering potential for 60+ apartment units over retail and significant tax incentives.; - Freestanding corner building with 6,438 square feet on a 9,258 square foot parcel.; - Current 3.4% CAP rate with rental upside potential to achieve a 4.8% CAP rate.
    (858) 531-8226
    Request Owner's contact information
    4604 University Ave San Diego, CA 92105
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    San Diego, CA 92105
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4604 University Ave San Diego, CA 92105
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