5502 University Avenue San Diego, CA 92105
Multifamily property with development potential in central San Diego.
Type:Multifamily
Property size:
5,875 SF- Added:
- Nov 26, 2025
- Days on Market:
- 126
- Last Refresh:
- Mar 29 at 9:21 pm
Property Features for 5502 University Avenue
General Information
- Standard status
- Active
- Size
- 5,875 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1950
Listing agent Eric von Bluecher License #CalDRE #01926201 (760) 929-7846
Listing office Lee & Associates San Diego - Carlsbad (760) 929-7846
Listing date Nov 26, 2025
Source Lee-associates
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 Lee & Associates San Diego - Carlsbad
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.077
- Latitude
- 32.7485
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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 Avenue 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**
