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4604 University Ave, San Diego, CA 92105

$1,175,000

  • For Sale
  • Active
  • Commercial
4604 University Ave, San Diego, CA 92105 View this property at 4604 University Ave, San Diego, CA 92105
4604 University Ave San Diego CA 92105

Property Description

Subject property is a stand alone corner building with 5 parking spaces plus one handicap space. Numerous 30 minute parking spaces also available in front of the building on University Ave. Current tenant owns his own business and is using this property as storage space for his two locations that are also located in City Heights. Tenant is on a single net lease with 3% annual rent increases. There is a 5 year option at end of the lease at 2020, to renew at market rents which is roughly $1.50 to $1.75/sqft. It puts this properties market rent potential to $9,250 to $10,000/month. Subject property sold for $1,350,000 in 2006. Former Union Bank building sold for $2,612,000 in 2016, similar sqft but more parking and few blocks west.

Full Property Details for 4604 University Ave

  • Price: $1,175,000
  • Status: Active
  • Type: Commercial
  • MLS ID: 170013857
  • Updated: 4/7/2017
  • Added: 38 day(s) ago

Property History

  • 4604 University Ave, San Diego, CA
  • Listed at $1,175,000 on 3/20/17

Rooms

Bathrooms

  • Total Bathrooms: 1

Parking

  • Parking Features: On-Site Parking

Location

  • Area: EAST SAN DIEGO (92105)
  • County: San Diego

Structural Information

  • # Buildings: 1
  • Construction: Block, Concrete, Frame
  • Year Built: 1959

Lot Features

  • Lot Size (Sq. Ft.): 9,258
  • Lot Description: Free Standing

Listed by Apartment Consultants, Inc.

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4604 University Ave will cost you if you:

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In the Community

Nearby Schools

4604 University Ave, San Diego, CA 92105 (MLS# 170013857) is a Commercial property. 4604 University Ave is currently listed for $1,175,000 and was received on March 20, 2017. Want to learn more about 4604 University Ave? Do you have questions about finding other Commercial real estate for sale in South San Diego? You can browse all South San Diego real estate or contact a Coldwell Banker agent to request more information.

Listed by Apartment Consultants, Inc.