5502 University, East San Diego, CA 92105

$3,570,000
List Price
$3,570,000
Status
ACTIVE
MLS#
230023079
Lot Size(Range)
.25 through .50 Acres
Lot Size(apprx.)
21,388
Property Type
Multifamily

Property Description

Excellent incoming property with room to add additional units in rear. Seller is currently working on permits. Assumable financing available. Buyer can enjoy an updated investment with minimal involvement. Located near San Diego State University and dining/shopping establishments. This opportunity provides housing for students & residents in San Diego's bustling Chollas Creek/El Cerritos neighborhoods. There are also fully certified 40' containers at the back of the property used for storage that will convey. Tenants pay for all the utilities including water. The FAR of the property for future Development is 6.5 as part of the new complete communities housing solutions. All the units are fully renovated with new appliances, hoodfans/microwaves, and vinyl flooring. Several units are also updated with a brand new Kitchens. All the units are updated with split unit A/C units. Brand-new laundry room with new coin-operated machine. The laundry room currently has 2 washing machines and 2 dryers with no contract. Billboard conveys with sale.

Additional Information

Lot Size
21,388
Lot Size Range
.25 through .50 Acres
Style
Com-Res Income

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Ron Chaquica (619-933-2349) from Listing Office: Keller Williams Realty.

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