Homes for sale - 5502 E University AVE, San Diego, CA 92105

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Rene Ramirez

findmycastle@castrarealty.com +1(951) 384-0656

$2,799,999

Est. payment - /mo

0.49 Acres Lot

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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 3.34% 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

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Listed by Eric von Bluecher Lee & Associates 760-929-7846

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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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Rene Ramirez

+1(951) 384-0656

Broker | License ID: 02038829

Broker License ID: 02038829

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5502 E University AVE San Diego, CA 92105

Rene Ramirez

Key Details

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Interior

Exterior

Building

Others

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NEARBY SCHOOL & BUSINESS

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5502 E University AVE