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Multifamily

5450 University Ave

5450 University Ave, San Diego, CA 92105

Listing Price: $3,200,000

Cap Rate
2.59%
Number of Units
11
Price/Unit
$290,909
Price/Gross SF
$358.02
Gross SF
8,938

Investment Overview

5450 University Avenue consists of 11 total rental units of both multifamily and retail, totaling 8,938 rentable square feet set on a 31,363 SF lot with ample of off-street parking and extra land for the potential addition of ADUs. The front structure has 4 commercial units with frontage to University Ave totaling ap-proximately 2,520 SF and maybe best converted to residential. The middle structure is an approximately 1,038 SF 2 Bed / 1 Bath single family house. The rear structure has six apartment units consisting of (4) large 1,100 SF 2 Bed / 2 Bath units and (2) 590 SF 1 Bed / 1 Bath units. Rents are extremely low and redevelopment potential for this property is high. While the units have been well-kept, there is significant value to add by going in and renovating with modern touches, adding ADUs and or redeveloping the site. This property is located a few hundred feet from the shopping and transit on El Cajon Blvd and blocks from the new retail center in Fairmount Village with El Super, Starbucks, Chase and Wells Fargo banks, as well as numerous restauĀ¬rants. The City Heights Library and new Police Station are nearby. Like other urban mesa neighborhoods north of Balboa Park, Central San Diego has a high rate of pedestrian activity, relative to the rest of San Diego. Central San Diego is located next to many of the major highways with close access to the coast, beaches, business districts, downtown, and Mexico.

Investment Highlights

  • 11 Mixed-Use Units
  • Heavy Value-Add
  • Redevelopment Potential

Exclusively Listed By

Financing By

Multifamily

5450 University Ave

Listing Price: $3,200,000

Cap Rate
2.59%
Number of Units
11
Price/Unit
$290,909
Price/Gross SF
$358.02
Gross SF
8,938

Investment Highlights

  • 11 Mixed-Use Units
  • Heavy Value-Add
  • Redevelopment Potential

Investment Overview

5450 University Avenue consists of 11 total rental units of both multifamily and retail, totaling 8,938 rentable square feet set on a 31,363 SF lot with ample of off-street parking and extra land for the potential addition of ADUs. The front structure has 4 commercial units with frontage to University Ave totaling ap-proximately 2,520 SF and maybe best converted to residential. The middle structure is an approximately 1,038 SF 2 Bed / 1 Bath single family house. The rear structure has six apartment units consisting of (4) large 1,100 SF 2 Bed / 2 Bath units and (2) 590 SF 1 Bed / 1 Bath units. Rents are extremely low and redevelopment potential for this property is high. While the units have been well-kept, there is significant value to add by going in and renovating with modern touches, adding ADUs and or redeveloping the site. This property is located a few hundred feet from the shopping and transit on El Cajon Blvd and blocks from the new retail center in Fairmount Village with El Super, Starbucks, Chase and Wells Fargo banks, as well as numerous restauĀ¬rants. The City Heights Library and new Police Station are nearby. Like other urban mesa neighborhoods north of Balboa Park, Central San Diego has a high rate of pedestrian activity, relative to the rest of San Diego. Central San Diego is located next to many of the major highways with close access to the coast, beaches, business districts, downtown, and Mexico.

Exclusively Listed By

Financing By

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