Highlights

• Excellent Unit Mix - Over 50% Two-Bedrooms
• Priced Below Replacement Cost
• Newer Property - Built in 1987

• Great Central Location

Description

University Terrace is a newer, 27-unit apartment community situated on University Avenue in the City Heights area of San Diego. The property is located in a very strong rental submarket, and is conveniently located just minutes from the I-15 and I-805 Freeways within close proximity to El Cajon Boulevard. The property was built in approximately 1987 and is comprised of two functional floor plans consisting of 12 one-bedroom, one-bathroom units of approximately 550 square feet, and 15 two-bedroom, one-bathroom units of approximately 850 square feet. The interior amenities include: spacious floor plans and standard appliances. The exterior amenities include: 29 open parking spaces and an on-site laundry facility. Located in the heart of City Heights in a private and quiet setting, University Terrace is the perfect opportunity to offer quality housing in one of San Diego' s most up-and-coming neighborhoods.

One of the most diverse communities in San Diego, City Heights continues to be one of the city's true redevelopment success stories. A business and residential area in the heart of Mid-City, this densely populated series of neighborhoods is situated east of Golden Hill and North Park along the north side of the Martin Luther King Freeway (State Highway 94). The area is currently undergoing a renaissance of sorts with new commercial and residential projects going up at a rapid pace. More than $550 million has been invested in the area in an effort to bring it back to life.