5502 E University Avenue, San Diego, CA 92105
Local realty services provided by:ERA North Orange County Real Estate
5502 E University Avenue,San Diego, CA 92105
$2,799,999
- 6 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: eric von bluecher
Office: lee & associates
MLS#:NDP2600656
Source:San Diego MLS via CRMLS
Price summary
- Price:$2,799,999
About this home
Aztec Canyon Apartments is a 10-unit apartment building located at 5502-06 University Avenue in the heart of San Diegos 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 mixone 3BR, three 2BRs, and six 1BRsall 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 2025creating 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 3.24% fixed rate through March 2027 adds financial appeal. Preliminary studies and conceptual plans for 20 additional 1BR units and new rear parking are available. Other perks include on-site laundry (2 washers / 2 dryers) and utility billbacks. Whether you're seeking stabilized income, development opportunity, or bothAztec Canyon checks all the boxes. Please contact listing agent for more information: Ivan Del Muro-Garcia 619.623.2132 or idmg@lee-associates.com #02169365...
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Home facts
- Listing ID #:NDP2600656
- Added:56 day(s) ago
- Updated:March 19, 2026 at 02:16 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
Finances and disclosures
- Price:$2,799,999
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