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4604 University Ave., San Diego, CA 92105
$1,710,000
4604 University Ave., San Diego, CA 92105View this property at 4604 University Ave., San Diego, CA 92105
4604 University Ave.San DiegoCA92105
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Property Description
Reduced! Delivered vacant. Perfect for owner/user or redevelopment. Located in a Complete Communities Tier 3 + Opportunity Zone at the heart of City Heights is 4604 University Avenue. This is a rare opportunity to acquire freestanding corner building consisting of 6,438 square feet and located on a 9,258 square foot parcel. Perfect for the owner/user the property is zoned for commercial and can be used for various purposes. Current tenant ($8,000 mo) is vacating and was using it as storage for his retail/wholesale business. 6 off street gated parking spaces plus two 30-minute street spaces ensure customers easy access should the property be used for retail in the future. This asset provides a solid current 3.4% CAP rate with the current month to month tenant. Rental upside here as the property was currently rented well below market at $1.24 per square foot. A market CAP rate of 5.2% can be achieved simply by bringing the rent up to the surrounding market rate of $1.60 per square foot. Over 23,000 vehicles drive by the property every day on University Avenue giving any future business plenty of exposure.....
Full Property Details
Full Property Details for 4604 University Ave
General
- Sold For: $1,710,000
- Status: Closed
- Type: Office
- MLS ID: 230003366
- Added to Site: 462 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 1
Additional Information
- Business Amenities: Loading dock, gated parking
Parking
- Parking Features: On-Site Parking
Location
- Area: EAST SAN DIEGO (92105)
- County: San Diego
- Neighboring Bus.: general retail, Coffee Shop, automotive
Structural Information
- # Buildings: 1
- Construction: Block, Concrete, Frame, Steel
- Square Feet: 6,438
- Year Built: 1959
Lot Features
- Lot Size (Acres): 0.21
- Lot Size (Sq. Ft.): 9,258
- Zoning: CC-5-4
- Lot Description: Corner, Free Standing
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Apartment Consultants Incorporated
Sold by Out Of Area
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Schools
Schools serving 4604 University Ave
School District:San Diego Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
4166 Euclid Ave, San Diego, CA 92105 | K-5 | 0.2 mi | |
4345 54th St, San Diego, CA 92115 | 6-8 | 1 mi | |
4191 Colts Way, San Diego, CA 92115 | 9-12 | 1.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4604 University Ave
Date
Details
Price
Change
Source
1/05/2024
Sold
$1,710,000
-8.8%
MLS
9/29/2023
Price Reduced
$1,875,000
-6.2%
MLS
2/21/2023
Listed
$1,999,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4604 University Ave., San Diego, CA 92105 (MLS# 230003366) is a Office property that was sold at $1,710,000 on January 05, 2024. Want to learn more about 4604 University Ave.? Do you have questions about finding other Office 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.