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5502 University

San Diego, CA 92105
  • $3,680,000
  • STATUS: Active
  • ON SITE: 87 Days
  • ID#: 240013922SD
UPDATED: 54 min ago
$3,680,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing Agent(s): Ron Chaquica of Keller Williams Realty (858-720-1900)


Description

All the units are fully renovated with new appliances, hoodfans/microwaves, and vinyl flooring. Several units are updated with a brand-new Kitchen. All the units are updated with split unit A/C units. Unit mix; One 3bed/1 bath, Three 2bed/1bath, Six 1bed/1bath). Out of these units, one 2 bedroom and a one-bedroom unit are under the rent control agreement with current monthly rent capped at $1,900 and $1,600. Brand-new laundry room with new coin-operated machine. The laundry room currently has 2 washing machines and 2 dryers with no contract. Also, we have an assumable loan available at $1.5M loan at 3.3% rate. The addition plan includes 20 identical 480 sq ft 1 bed/1 bath units. We've successfully cleared a single disciplinary review with the Fire Department and are currently in the process of scheduling the Geotech report. Engineering plans are slated for final submission by the end of February. The architectural plan will be provided upon accepting an offer. Billboard on site for additional income.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-09-14T18:35:09.617. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
www.bestsocalhomesearch.com/homes/151771904
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5502 University San Diego, CA 92105

  • Price: $3,680,000
  • Status: Active
  • On Site: 87 Days
  • Updated: 54 min ago
  • ID#: 240013922SD
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
92105 - East San Diego
County:
San Diego
Area:
92105 - East San Diego
Property Description
All the units are fully renovated with new appliances, hoodfans/microwaves, and vinyl flooring. Several units are updated with a brand-new Kitchen. All the units are updated with split unit A/C units. Unit mix; One 3bed/1 bath, Three 2bed/1bath, Six 1bed/1bath). Out of these units, one 2 bedroom and a one-bedroom unit are under the rent control agreement with current monthly rent capped at $1,900 and $1,600. Brand-new laundry room with new coin-operated machine. The laundry room currently has 2 washing machines and 2 dryers with no contract. Also, we have an assumable loan available at $1.5M loan at 3.3% rate. The addition plan includes 20 identical 480 sq ft 1 bed/1 bath units. We've successfully cleared a single disciplinary review with the Fire Department and are currently in the process of scheduling the Geotech report. Engineering plans are slated for final submission by the end of February. The architectural plan will be provided upon accepting an offer. Billboard on site for additional income.
Exterior Features

Parking Total 0

Interior Features

Cooling YN Yes Heating YN No

Property Features

Association Fee 0 Gross Scheduled Income 20166 Listing Agreement Seller Reserved Listing Service Entry Only Operating Expense 3000 Property Sub Type Mixed Use



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-09-14T18:35:09.617. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
 
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Realty ONE Group Empire
13330 Ranchero Rd. Ste 12
Oak Hills CA, 92344
Listing Agent(s): Ron Chaquica of Keller Williams Realty (858-720-1900)