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Executive Summary

Excellent opportunity to own a commercial condominium in the heart of Hillcrest, one of San Diego's most dynamic mixed-use neighborhoods. This well-located suite offers outstanding visibility, strong pedestrian and vehicle traffic, and convenient access to Interstate 163, Downtown San Diego, Balboa Park, Mission Hills, and North Park. Surrounded by popular restaurants, cafés, retail shops, medical offices, and entertainment venues, the property benefits from exceptional walkability and a thriving business environment. Ideal for an owner-user, professional office, boutique retail, or as an investment opportunity in one of San Diego's most sought-after commercial corridors.
- Prime Hillcrest location
- High pedestrian and vehicle exposure
- Minutes to Downtown San Diego and San Diego International Airport
- Easy access to Interstate 163 and Highway 5
- Walking distance to restaurants, coffee shops, shopping, and public transit
- Strong demographics and established commercial district
- Excellent owner-user or investment opportunity
- Long-term appreciation potential in a high-demand urban market

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,050 SF
Building Class
C
Year Built
1925
Price
$2,975,000
Price Per SF
$734.57
Cap Rate
5.75%
NOI
$171,063
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.16
Lot Size
0.08 AC
Zoning
CC-3-8
Parking
3 Spaces (0.74 Spaces per 1,000 SF Leased)
Frontage
25’ on University
Very walkable
80/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
70/100

Nearby Major Retailers

F45 Training, Inc.
CrossFit
StretchLab
CycleBar
Barry's
Corepower Yoga
Starbucks
Ralphs Fresh Fare
Trader Joe's
California Coast Credit Union

Property Taxes

Property Taxes

Parcel Number
452-156-17
Land Assessment
$757,701
Improvements Assessment
$1,082,432
Total Assessment
$1,840,133
  • Listing ID: 41325415

  • Date on Market: 7/16/2026

  • Last Updated:

  • Address: 1037-1039 University Ave, San Diego, CA 92103

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