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Leased Mixed-Use Building
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412-414 University Ave, San Diego, CA 92101

Two-story mixed-use building with two ground-floor retail tenants and three upstairs residential units, fully leased.

Property Size7,687 SF
Days on Market119

Property Features for 412-414 University Ave

General Information

Standard status Active
Size 7,687 SF
Property subtype Retail, Multifamily
Occupancy 100%

Site & Location

Traffic Count 171,000 vehicles/day
Highway Access Yes

Additional Details

Multifamily Units 3

Building Details

Stories 2
Tenancy Multi
Listing Agency: Marcus & Millichap - Downtown San Diego
Listed By: Nick Totah · License #CA 01922255
Source: Crexi
Added: Apr 16 Changed: Aug 8 Last Checked: Jul 22 at 12:34AM

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 Marcus & Millichap - Downtown San Diego

Investment Insights

Based on property information with market context.

This 100% leased, two-story mixed-use building offers 7,687 square feet of income-producing space. The ground floor includes two retail tenants: The Asian Bistro and Subterranean Cafe. The second story comprises three residential units: two 2BR/1BA apartments and one 3BR/1BA apartment, for a project mix of 56% retail and 44% multifamily.

The property is located in the Hillcrest retail intersection of 5th Avenue and University Avenue under the Hillcrest sign. It is adjacent to the 163 Freeway (171,000 VPD) and within close proximity to Balboa Park, Little Italy, Downtown/Gaslamp District, Petco Park, and the San Diego International Airport.

Key Highlights

  • 100% leased 7,687 SF two‑story mixed‑use building in the Hillcrest community of San Diego
  • Ground‑floor retail tenants: The Asian Bistro and Subterranean Cafe
  • Second‑story apartments include two 2BR/1BA units and one 3BR/1BA unit

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Home Appliance Store (Bike/Boat/Book/etc) Store Daycare Center Carpet & Flooring Store HVAC Service Electronics & Wireless Store

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

3
Residential units
171,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

7,068
Businesses Nearby

Demographics for 92101, CA

47,505
Population
32,909
Households
1.4
Avg Household Size
39
Median Age
57%
College-Educated
92%
High-School Grad
5.4 sq mi
ZIP Area
8,797
Density / Sq Mi
$90,477
Median Household Income
$72,371
Median Earnings
$2,351
Median Rent
$740,500
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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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two-story mixed-use building with two ground-floor retail tenants and three upstairs residential units, fully leased.
Where is this mixed-use property located?
The property is located at 412-414 University Ave San Diego, CA.
What are key features of this property?
This property features: 100% leased 7,687 SF two‑story mixed‑use building in the Hillcrest community of San Diego; Ground‑floor retail tenants: The Asian Bistro and Subterranean Cafe; Second‑story apartments include two 2BR/1BA units and one 3BR/1BA unit
More about this property
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