Active

5502 University

East San Diego CA, 92105

$3,570,000


Active

10 Beds

Commercial

Excellent incoming property with room to add additional units in rear. Seller is currently working on permits. Assumable financing available. Buyer can enjoy an updated investment with minimal involvement. Located near San Diego State University and dining/shopping establishments. This opportunity provides housing for students & residents in San Diego's bustling Chollas Creek/El Cerritos neighborhoods. There are also fully certified 40' containers at the back of the property used for storage that will convey. Tenants pay for all the utilities including water. The FAR of the property for future Development is 6.5 as part of the new complete communities housing solutions. All the units are fully renovated with new appliances, hoodfans/microwaves, and vinyl flooring. Several units are also updated with a brand new Kitchens. All the units are updated with split unit A/C units. Brand-new laundry room with new coin-operated machine. The laundry room currently has 2 washing machines and 2 dryers with no contract. Billboard conveys with sale.

230023079

MLS ID

November 29, 2023

Listed

February 15, 2024

Updated

Map

5502 University
East San Diego CA, 92105

Interior Features

Total Stories

2


Bedrooms

10 Beds


Appliances

Dishwasher, Range, Refrigerator, Disposal


Floor Description

Concrete, Vinyl


Fireplace

No


Cooling

Yes


Cooling Description

Other


Heating

Yes


Heating Description

Other/Remarks

Exterior/Building Features

Exterior Features

None


Roof

Other

Other Property Details

Area Name

Metro Uptown


Days on Market

1


Garage

No


Parking

Spaces


Parking Total

17


View

No


County

San Diego


Pool

No


Zoning

Commercial


Buyer Agency Compensation

2%

Listed by Keller Williams Realty, Ron Chaquica,
Listing Contact: 619-933-2349 

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