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5502-5506 University Ave
San Diego, CA 92105 El Cerrito

$2,799,999 USD

Apartments For Sale  •  5,875 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,875 SF
  • Lot Size 0.49 AC
  • Building Class C
  • Year Built 1950
  • Zoning MF
54 Transit Score
74 Walk Score

Highlights

Fully Renovated Units interiors including new kitchens, windows, flooring, appliances, and A/C.
Attractive Unit Mix Diverse mix of (1) 3BD/1BA, (3) 2BD/1BA, and (6) 1BD/1BA units with strong rental demand.
Assumable Financing Chase loan at 3.34% fixed rate through March 2027— High cash on cash potential
Billboard Income Opportunity On-site billboard with lease expired January 2025—option to lease at higher market rate
Development Potential Complete Communities Tier 4: 6.5 FAR, no height limit, parking incentives + plans for 20-unit addition in rear
Large Lot with Parking Situated on a 21,388 SF lot with over 12 off-street parking spaces

Amenities

  • Air Conditioning
  • Fenced Lot
  • Laundry Facilities
  • Washer/Dryer
  • Ceiling Fans
  • Hardwood Floors
  • Porch
  • Vinyl Flooring
  • Public Transportation

Public Transportation

Commuter RailDriveWalkDistance
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 14 min - 7.8 mi
AirportDriveWalkDistance
San Diego International 16 min - 10.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 17
Type: Surface
Included in Rent: Yes
Ivan Del Muro-Garcia 619-623-2132 Lee & Associates
Ivan Del Muro-Garcia 619-623-2132 Lee & Associates