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Mixed-Use Building with Gym Space
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3140 University Ave, San Diego, CA 92104

The Waldorf Building combines 7 apartment units with an operating gym space and permitted juice bar.

Property Size12,022 SF
Days on Market124

Property Features for 3140 University Ave

General Information

Standard status Active
Size 12,022 SF
Class Trophy
Property subtype Mixed Use, Multifamily, Retail

Additional Details

Multifamily Units 7

Amenities

juice bar
rest room
locker rooms
shower facilities
Listing Agency: Compass San Diego
Listed By: Todd Armstrong · License #01256537
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 21 at 8:46PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass San Diego

Investment Insights

Based on property information with market context.

The Waldorf Building is a mixed-use property totaling 12,022 square feet, featuring seven apartment units and an approximately 7,482 square foot gym space. The gym includes large rest room areas, his and her locker rooms, baths and shower facilities, and a permitted juice bar. The property also benefits from significant upgrades, including earthquake retrofitting, plumbing, electrical, and gas service, and was designed to capture a traditional New York City basement gym feel.

Located at 3140 University Ave in San Diego, the building sits on a corner parcel with a prominent corner presence and is surrounded by numerous shops, restaurants, bars, nightlife, and dozens of multifamily income properties.

The apartment units are described as being under market rents, and the overall layout is described as versatile for a range of retail or restaurant configurations, or to keep the property as currently operated.

Key Highlights

  • 12,022 SF Waldorf Building with 7 apartment units plus an operating gym space and permitted juice bar
  • Gym space is approximately 7,482 SF on a corner parcel with significant upgrades including earthquake retrofitting
  • Includes plumbing, electrical, and gas service upgrades for the gym facility

Property Analytics

Current Use

Fitness centers & gyms

Suggested Use

Top Pick Law Firm Electrical Service (Bike/Boat/Book/etc) Store Accounting Firm Carpet & Flooring Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

2,667
Businesses Nearby
Well-served
Demand for This Use

Demographics for 92104, CA

44,265
Population
24,580
Households
1.8
Avg Household Size
36
Median Age
55%
College-Educated
94%
High-School Grad
3.7 sq mi
ZIP Area
11,964
Density / Sq Mi
$92,862
Median Household Income
$60,195
Median Earnings
$1,925
Median Rent
$861,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Similar Off Market Nearby

  • San Diego Core Fitness North Park Boot Camp 2601 jacaranda pl, san diego, ca 92104
  • San Diego District Tennis Association 2221 Morley Field Dr, San Diego, CA 92104
  • Petanquedrome, San Diego Club de Petanque San Diego, CA 92104
  • San Diego Core Fitness 3350 Jacaranda Dr, San Diego, CA 92104
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Frequently Asked Questions

What type of property is this?
Fitness center & gym - The Waldorf Building combines 7 apartment units with an operating gym space and permitted juice bar.
Where is this fitness center & gym located?
The property is located at 3140 University Ave San Diego, CA.
What are key features of this property?
This property features: 12,022 SF Waldorf Building with 7 apartment units plus an operating gym space and permitted juice bar; Gym space is approximately 7,482 SF on a corner parcel with significant upgrades including earthquake retrofitting; Includes plumbing, electrical, and gas service upgrades for the gym facility
(858) 229-8752 Call to check price and availability
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