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    5502 University Ave San Diego, CA 92105

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    For Sale
    $2,795,000

    Multifamily property with development potential in central San Diego.

    Property size:
    5,875 SF

    Property Features for 5502 University Ave

    General Information

    Size
    5,875 SF

    Building Details

    Year built
    1950

    Source: Eric von Bluecher Agent Eric von Bluecher

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

    Overview

    San Diego Development Opportunity

    Located in central San Diego, this property offers a high cash on cash return with assumable financing. The property is situated on a lot with an area of approximately 21,344 square feet, with a building size of approximately 5,875 rentable square feet, allowing for residential development. It benefits from Complete Communities Tier 3 zoning, with a 6.5 FAR and no height limit. The assumable loan has a fixed rate of 3.34% through 2027. The property also generates income from a billboard. Development plans are in place for 20 additional units. The location provides strong walkability and close access to Interstates 8 and 15, offering convenient connectivity to Downtown San Diego, the beach, major employment centers, and the U.S.-Mexico border. The neighborhood is experiencing ongoing revitalization, driven by infill housing demand, infrastructure investment, and city-led smart growth initiatives.
    Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -117.0769342
    Latitude
    32.7485163

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property with development potential in central San Diego.
    Where is this apartment building located?
    The property is located at 5502 University Ave San Diego, CA.
    What is the asking price?
    The asking price for this property is $2,795,000.
    What are key features of this property?
    This property features: - Assumable Loan at 3.34% Fixed Through 2027; - High Cash on Cash Return; - Residential Development Potential with **6.5 FAR and No Height Limit**
    (760) 929-7846
    Request Owner's contact information
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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
    5502 University Ave San Diego, CA 92105
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