San Diego, CA 92105,5502 E University Avenue
San Diego, CA 92105,5502 E University Avenue
San Diego, CA 92105,5502 E University Avenue
San Diego, CA 92105,5502 E University Avenue
San Diego, CA 92105,5502 E University Avenue
San Diego, CA 92105,5502 E University Avenue
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Paul LeJoy

Paul LeJoy

+1(510) 299-0093
Listed by Eric von Bluecher • Lee & Associates
$ 2,799,999
Est. payment | /mo

5,875 SqFt

Save Video Tour
$ 2,799,999
Est. payment | /mo
Save Video Tour

5,875 SqFt

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 5,875 sqft

Price per Sqft $476

MLS Listing ID CRNDP2600656

HOA Y/N No

Year Built 1950

Lot Size 0.491 Acres

Property Sub-Type Other

Source Datashare California Regional

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 619.623.213

Location

State CA

County San Diego

Interior

Fireplace No

Laundry Other

Bay East Association of Realtors
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

Nearby Locations

SCHOOLSPROPERTIES
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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Paul LeJoy
Paul LeJoy

Broker-Owner | Lic# 01467744

+1(510) 299-0093

34906 Newark Blvd, Newark, CA

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5502 E University Avenue