Address
5502 - 5508 University Ave San Diego, CA
Price
$ 2,349,605
Property Attributes
  • MLS#200055014
  • TypeIncome
  • CountySAN DIEGO
  • CitySan Diego
  • AreaMetro Uptown
  • NeighborhoodMetro Uptown
  • Zip92105
  • Style
  • Price$ 2,349,605
  • Bedrooms14
  • Full Bathrooms10
  • Half Bathrooms0
  • Sqr Footage5866
  • Lot Size0.49 Acres
Listing Provided Courtesy Of:
Aperture Real Estate Services
Property Description

Motivated sellers! True value add deal, large lot may have further dev opp & zoning incentives. Clear Phase 1 environmental report & recent survey available for review. Owners received zoning deviation from the current commercial zoning, and the property is now permitted as ALL multi family. 2 of units have monthly rent limits in place under affordable housing agreement for 65% AMI (for zoning deviation); this rent cap is well above market @ $1503-1 BR, $1690-2 BR. Rent cap adjusted for median income annually by HUD. Owner is in process of instituting Water/Sewer RUBS program with tenants. Buyer will be able to reap benefits of completing this. Laundry facility on site, potential for additional income. Add’l exterior improvements include, new roof, new stucco, security lighting, asphalt reseal, fascia repair, new paint, perimeter fencing with automatic entry gate and keypad, underground water/sewer replaced.

Price History
1/4/2021 Listed $2,349,605

General Features

# Of Units (1) 1
# Of Units (10) 1
# Of Units (2) 1
# Of Units (3) 1
# Of Units (4) 1
# Of Units (5) 1
# Of Units (6) 1
# Of Units (7) 1
# Of Units (8) 1
# Of Units (9) 1
Heating Other/Remarks, Wall
Laundry Owned
Parking Spaces
Sale/rent For Sale
Stories 2 Story
Tenant Pays Electric 6
Tenant Pays Gas 6
Terms Assumable 1st, Cash, Submit, Other/Remarks
Total Units 10
Unit Type Apartment
Zoning MF

Interior Features

# Of Units W/ranges 10
# Of Units W/refrigerator 10
Baths in Unit 1 1.0
Baths in Unit 10 1.0
Baths in Unit 2 1.0
Baths in Unit 3 1.0
Baths in Unit 4 1.0
Baths in Unit 5 1.0
Baths in Unit 6 1.0
Baths in Unit 7 1.0
Baths in Unit 8 1.0
Baths in Unit 9 1.0
Bedrooms in Unit 1 1
Bedrooms in Unit 10 2
Bedrooms in Unit 2 1
Bedrooms in Unit 3 1
Bedrooms in Unit 4 1
Bedrooms in Unit 5 2
Bedrooms in Unit 6 2
Bedrooms in Unit 7 1
Bedrooms in Unit 8 2
Bedrooms in Unit 9 1
Floor Covering Hardwood, Other/Remarks

Exterior Features

Lot Size Area .5 through .75 Acres
Number of Buildings 2
Total Parking 17

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92105

Price
AVG $1.88M
$2.35M
Visits
AVG 41
50

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover