San Diego, CA 92105,5502 E University AVE
San Diego, CA 92105,5502 E University AVE
San Diego, CA 92105,5502 E University AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,799,999
Est. payment /mo
0.49 Acres Lot
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID NDP2600656

HOA Y/N No

Year Built 1950

Lot Size 0.491 Acres

Property Description

Aztec Canyon Apartments is a 10-unit apartment building located at 5502-06 University Avenue in the heart of San Diego's Complete Communities zone. Situated on a generous 21,344 SF lot with 15+ parking spaces, this mildly renovated 5,875 SF property features a strong unit mix—one 3BR, three 2BRs, and six 1BRs—all upgraded with new windows, sleek modern finishes, A/C, vinyl plank flooring,and updated kitchens/baths. Two units are designated affordable. The site offers multiple income streams and future upside. An on-site billboard generates passive income, with its lease expiring in January 2025—creating potential for renegotiation or redevelopment. Zoned for mixed-use with 6.5 FAR, no height limits, and parking incentives under Complete Communities, the property is well-positioned for density bonus and infill expansion. An assumable Chase loan at a 3.24% fixed rate through March 2027 adds financial appeal. Preliminary studies and conceptual plans for 20 additional 1BR units and new rear parking are available. Other perks include on-site laundry (2 washers / 2 dryers) and utility billbacks. Whether you're seeking stabilized income, development opportunity, or both—Aztec Canyon checks all the boxes. Please contact listing agent for more information: Ivan Del Muro-Garcia 619.623.2132 or idmg@lee-associates.com #02169365

Location

State CA

County San Diego

Area 92105 - East San Diego

Zoning CC-5-3

Interior

Fireplace No

Laundry Common Area, Outside

Exterior

Pool None

Community Features Biking, Curbs, Dog Park, Fishing, Golf, Hiking, Lake, Park, Sidewalks

View Y/N No

Private Pool No

Building

Lot Description 36-40 Units/Acre

Story 2

Sewer Public Sewer

Others

Senior Community No

Tax ID 4724100100

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2508951

Read Less Info
CRMLS – RECore
Listed by Eric von Bluecher Lee & Associates 760-929-7846

NEARBY SCHOOL & BUSINESS

SCHOOLS PROPERTIES
Elementary Schools 20
  • 10

    Hearst Elementary School

    Public | KG - 5

  • 9

    McKinley Elementary School

    Public | KG - 5

  • 9

    Hardy Elementary School

    Public | KG - 5

  • 8

    Edison Elementary School

    Public | PK - 5

  • 8

    Rolando Park Elementary School

    Public | PK - 5

  • 7

    San Diego Global Vision Academy

    Public | KG - 5

  • 7

    Oak Park Elementary School

    Public | KG - 5

  • 6

    Normal Heights Elementary School

    Public | PK - 5

  • 6

    Rowan Elementary School

    Public | KG - 5

  • 6

    Marshall Elementary School

    Public | PK - 5

  • 6

    Language Academy

    Public | KG - 8

  • 6

    Clay Elementary School

    Public | KG - 5

  • 6

    San Altos Elementary School

    Public | PK - 6

  • 6

    La Mesa Dale Elementary School

    Public | PK - 6

  • 5

    Adams Elementary School

    Public | PK - 5

  • 5

    America's Finest Charter

    Public | KG - 8

  • 5

    Hamilton Elementary School

    Public | PK - 5

  • 5

    Rosa Parks Elementary School

    Public | PK - 5

  • 5

    Chollas/Mead Elementary School

    Public | PK - 5

  • 5

    Webster Elementary School

    Public | PK - 5

Middle Schools 13
  • 6

    Gompers Preparatory Academy

    Public | 6 - 12

  • 4

    Health Sciences Middle School

    Public | 6 - 9

  • 4

    Clark Middle School

    Public | 6 - 8

  • 3

    Wilson Middle School

    Public | 6 - 8

  • 3

    Mann Middle School

    Public | 6 - 8

  • 2

    Millennial Tech Middle School

    Public | 6 - 8

  • 0

    San Diego Global Vision Academy Middle School

    Public | 6 - 8

  • 0

    Academy of Arts and Sciences: del Mar Middle & Hig

    Public | 6 - 12

  • 0

    Academy of Arts and Scis: el Cajon Middle and High (6

    Public | 6 - 12

  • 0

    City Heights Preparatory Charter

    Public | 6 - 12

  • 0

    Nativity Preparatory Academy

    Private | 6 - 8

  • 0

    Lemon Grove Academy Middle School

    Public | 7 - 8

  • 0

    Palm Middle School

    Public | 7 - 8

High Schools 7
  • 9

    Helix High School

    Public | 9 - 12

  • 6

    Health Sciences High School

    Public | 9 - 12

  • 5

    Lincoln High School

    Public | 9 - 12

  • 4

    Crawford High School

    Public | 9 - 12

  • 3

    Hoover High School

    Public | 9 - 12

  • 1

    Arroyo Paseo Charter High School

    Public | 9 - 12

  • 0

    Iftin University Preparatory High School

    Public | 9 - 12

School and business data provided by Attom Data.

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