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    2002-2004 University Avenue

    San Diego, CA 92104
    • $2,695,000
    • STATUS: ACTIVE
    • ON SITE: 52 days
    • ID#: 210006857
    Price Reduced
    UPDATED: 36 min ago
    $2,695,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 8,288
      SQFT
    • $325
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Pacific Coast Commercial is pleased to present this mixed-use commercial building with income located in central San Diego between two exclusive communities, North Park and Hillcrest. It provides an opportunity for a creative office or retail business to occupy up to 2,538 SF of the building with additional income to offset it’s expenses and longer term redevelopment upside. An investor has the potential to capture a 6.1% cap rate through lease up or residential conversion. Both of these San Diego communities cater to a locals and tourist crowd and streets are lined with coffee shops, boutiques, art galleries, diverse restaurants and craft beer pubs. This colorful unique building was painted by world renowned graffiti legend and contemporary artist Kelly “RISK” Graval, (www.riskrock.com), who’s work has been shown in top galleries in LA, San Francisco, Toronto, New York, Miami and London.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/115188831
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    2002-2004 University Avenue San Diego, CA 92104

    • Price: $2,695,000
    • Status: ACTIVE
    • Updated: 36 min ago
    • ID#: 210006857
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    8,288
    SQFT
    $325
    $/SQFT
    Neighborhood:
    North Park (92104)
    County:
    San Diego
    Area:
    North Park (92104)
    Property Description
    Pacific Coast Commercial is pleased to present this mixed-use commercial building with income located in central San Diego between two exclusive communities, North Park and Hillcrest. It provides an opportunity for a creative office or retail business to occupy up to 2,538 SF of the building with additional income to offset it’s expenses and longer term redevelopment upside. An investor has the potential to capture a 6.1% cap rate through lease up or residential conversion. Both of these San Diego communities cater to a locals and tourist crowd and streets are lined with coffee shops, boutiques, art galleries, diverse restaurants and craft beer pubs. This colorful unique building was painted by world renowned graffiti legend and contemporary artist Kelly “RISK” Graval, (www.riskrock.com), who’s work has been shown in top galleries in LA, San Francisco, Toronto, New York, Miami and London.
    Exterior Features

    Cars Per Day 21385 Location CornerFree Standing Neighboring Business Type1 Restaurants Neighboring Business Type2 Retail Neighboring Business Type3 Business Service Providers Neighboring Business Type4 Beer Pubs Neighboring Business Type5 Boutiques Neighboring Business Type6 Art Galleries Parking On SiteStreet

    Interior Features

    Max Contiguous Sq Ft Available 2538 Minimum Sq Ft Available 1000 Stories 2 Story Unit Size1 2450 Unit Size2 1500 Unit Size3 1038 Unit Size4 350 Unit Size5 475 Unit Size6 475

    Property Features

    Actual Gross Scheduled Income 136128.0 Actual Operating Expense 53947 Assumable Finance 0 Building Amenities Onsite & Street Qoz (North Park Opportunity Zone) Buildings 1 Commercial Property Type Office LeaseOffice SaleRetail LeaseRetail Sale Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 11344 Monthly Rent1 7444 Monthly Rent2 0 Monthly Rent3 0 Monthly Rent4 1000 Monthly Rent5 1400 Monthly Rent6 1500 Motive Want Owner/User Or Investment Projected Cap Rate 6.1 Projected Gross Scheduled Inc 233729 Projected Net Income 164433 Projected Operating Expense 69296 Property Type Mixed UsageOfficeRetail Sale Includes Other/Remarks Short Sale No Sq Ft Source Buyer To Verify Unit Number1 100 Unit Number2 100 Unit Number3 200 Unit Number4 1 Unit Number5 2 Unit Number6 3 Zoning Cn-1-5

    Listing provided courtesy of Pacific Coast Commercial. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101