5502 E University Avenue, San Diego, CA 92105

Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
5502 E University Avenue,San Diego, CA 92105
$2,799,999
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  • - Beds
  • - Baths
  • 5,875 sq. ft.
  • Multi-family
  • Active
Listed by: eric von bluecher
Office: lee & associates
MLS#:NDP2600656
Source:CRMLS

Price summary

  • Price:$2,799,999
  • Price per sq. ft.:$476.6

About this home

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 3.34% fixed rate through March 2027 adds financial appeal. Preliminary studies and conceptual plans for 20 additional 1BR units and new

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Home facts

  • Year built:1950
  • Listing ID #:NDP2600656
  • Added:1 day(s) ago
  • Updated:January 22, 2026 at 02:49 PM

Rooms and interior

  • Living area:5,875 sq. ft.

Structure and exterior

  • Year built:1950
  • Building area:5,875 sq. ft.
  • Lot area:0.49 Acres

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,799,999
  • Price per sq. ft.:$476.6
Based on information from California Regional Multiple Listing Service, Inc. as of January 22, 2026 . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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