5506 E University Avenue, San Diego, CA 92105

Local realty services provided by:Better Homes and Gardens Real Estate Town Center
5506 E University Avenue,San Diego, CA 92105
$2,795,000
Virtual Tour
  • - Beds
  • - Baths
  • 5,875 sq. ft.
  • Multi-family
  • Active
Listed by:eric von bluecher
Office:lee & associates
MLS#:NDP2508951
Source:CRMLS

Price summary

  • Price:$2,795,000
  • Price per sq. ft.:$475.74

About this home

Aztec Canyon Apartments is a turnkey 10-unit multifamily asset 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 12+ parking spaces, this fully 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, premium appliances, and updated kitchens and 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

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Home facts

  • Year built:1950
  • Listing ID #:NDP2508951
  • Added:4 day(s) ago
  • Updated:September 16, 2025 at 10:21 AM

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:$2,795,000
  • Price per sq. ft.:$475.74
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