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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

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**
More about this property
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