5502 University Avenue San Diego, CA 92105
Multifamily property with development potential in central San Diego.
Property Features for 5502 University Avenue
General Information
- Standard status
- Active
- Size
- 5,875 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1950
Listing office Lee & Associates San Diego - Carlsbad (760) 929-9700
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
Investment Insights
Based on property information with market context.
Key Highlights
- Assumable Loan at 3.34% Fixed Through 2027
- High Cash on Cash Return
- Residential Development Potential with 6.5 FAR and No Height Limit
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $211.5k | $36.00 |
| − Vacancy | −$11.6k | −$1.98 |
| EGI | $199.9k | $34.02 |
| − OpEx | −$89.9k | −$15.31 |
| NOI | $109.9k | $18.71 |
