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5502-5506 University Ave
San Diego, CA 92105
4 Vacant Units + 3.24% Assumable Debt · Multifamily Property For Sale
·
10 Units
Investment Highlights
- Fully Renovated Units interiors including new kitchens, windows, flooring, appliances, and A/C.
- Billboard Income Opportunity On-site billboard with lease expired January 2025—option to lease at higher market rate
- Large Lot with Parking Situated on a 21,388 SF lot with over 12 off-street parking spaces
- Attractive Unit Mix Diverse mix of (1) 3BD/1BA, (3) 2BD/1BA, and (6) 1BD/1BA units with strong rental demand.
- Development Potential Complete Communities Tier 4: 6.5 FAR, no height limit, parking incentives + plans for 20-unit addition in rear
- Assumable loan balance of $1.4M and fixed interest rate of 3.24%
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Ceiling Fans
- Hardwood Floors
- Porch
- Vinyl Flooring
Site Amenities
- Fenced Lot
- Laundry Facilities
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | 550 |
| 2+1 | 3 | - | 600 |
| 3+1 | 1 | - | - |
Property Taxes
| Parcel Number | 472-410-01 | Improvements Assessment | $1,246,919 |
| Land Assessment | $1,485,691 | Total Assessment | $2,732,610 |
Property Taxes
Parcel Number
472-410-01
Land Assessment
$1,485,691
Improvements Assessment
$1,246,919
Total Assessment
$2,732,610
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