1405 University Ave San Diego, CA 92103
Property Lookup
Property profile & analytics
1405 University Ave San Diego, CA 92103
- Retail space
- 1,834 SF
- 0.08 lot acres
Property ID
US09-6727622
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 1405 University Ave
- Lot size
- 0.08 lot acres
- Property size
- 1,834 SF
- Zone code
- COMMERCIAL
- Property type
- Retail space
- APN
- 452-152-02-00
- APU
- 4521520200
Description
This San Diego retail property at 1405 University Avenue offers a compelling investment opportunity. The 1,834 square foot building is currently 100% leased under a Net Lease agreement with a tenant in place since October 1, 2008, with a remaining lease term of approximately 6.5 years expiring May 31, 2031. The lease includes CPI rental increases, providing built-in rent growth. The property boasts a strong net operating income (NOI) of $86,164, resulting in a 4.36% cap rate. Located in the vibrant Hillcrest neighborhood, the property benefits from high visibility on University Avenue, a major thoroughfare with over 20,000 vehicles passing daily. Its proximity to the 163 freeway, Balboa Park, Fashion Valley Mall, and San Diego International Airport enhances its appeal. A recent lease modification separated a 1,600 square foot rear storage area, offering potential for additional income generation for the new owner. The asking price is $1,975,000, translating to a price per square foot of $1,076.88. The building was renovated in 1985. This property presents a stable, income-producing asset with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $420,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $740,000
- 6.5%
- $680,000
- 7%
- $630,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $397,000
Market price range: $155k - $668k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.151
- Latitude
- 32.7482
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$9,916
$441,851
$294,566
$736,417
-
$0.00
$0.00
$0.00
