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    3140-3148 University Ave

    San Diego, CA 92104
    • $5,250,000
    • STATUS: ACTIVE
    • ON SITE: 46 days
    • ID#: 210015900
    UPDATED: 42 min ago
    $5,250,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1947
    County:

    School Ratings & Info

    Description

    We are pleased to introduce an amazing opportunity to own one of the best, mixed use properties currently available. With 12,022 square feet,The Waldorf Building is rich in history but not deemed historic so the possibilities are endless with this property. Situated in a premier location on a prominent corner surrounded by numerous shops, restaurants, bars, nightlife and dozens of multifamily income properties. This is prime for re-development or keep as an income producing asset. The 7 apartment units are under market rents leaving room for additional units, additional amenities providing upside potential. Very versatile layout offers many possibilities for retail, restaurants or keep "as is." Current owners operate a very popular gym with approximately 7,482 square foot, corner parcel complete with significant upgrades including earthquake retrofitting, plumbing, electrical & gas service. The owners wanted the feel of a traditional New York City basement gym. Other features include a permitted juice bar, large rest room, his & her locker rooms, baths & shower facilities. Named the Waldorf Building after the Waldorf TV store that occupied the retail space from the 1950s to the 1980s.

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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/118076872
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    3140-3148 University Ave San Diego, CA 92104

    • Price: $5,250,000
    • Status: ACTIVE
    • Updated: 42 min ago
    • ID#: 210015900
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1947
    Built
    Neighborhood:
    North Park (92104)
    County:
    San Diego
    Area:
    North Park (92104)
    Property Description
    We are pleased to introduce an amazing opportunity to own one of the best, mixed use properties currently available. With 12,022 square feet,The Waldorf Building is rich in history but not deemed historic so the possibilities are endless with this property. Situated in a premier location on a prominent corner surrounded by numerous shops, restaurants, bars, nightlife and dozens of multifamily income properties. This is prime for re-development or keep as an income producing asset. The 7 apartment units are under market rents leaving room for additional units, additional amenities providing upside potential. Very versatile layout offers many possibilities for retail, restaurants or keep "as is." Current owners operate a very popular gym with approximately 7,482 square foot, corner parcel complete with significant upgrades including earthquake retrofitting, plumbing, electrical & gas service. The owners wanted the feel of a traditional New York City basement gym. Other features include a permitted juice bar, large rest room, his & her locker rooms, baths & shower facilities. Named the Waldorf Building after the Waldorf TV store that occupied the retail space from the 1950s to the 1980s.
    Interior Features

    Common Restrooms 2 Unit Size1 617 Unit Size2 596 Unit Size3 608 Unit Size4 365 Unit Size5 324 Unit Size6 371 Unit Size7 346 Unit Size8 7900

    Property Features

    Actual Gross Scheduled Income 314892.0 Actual Operating Expense 165892 Assumable Finance 0 Buildings 1 Commercial Property Type Office SaleRetail Sale Effective Age 2002 Lease Expires1 Mtm Lease Expires2 Mtm Lease Expires3 Mtm Lease Expires4 Mtm Lease Expires5 Mtm Lease Expires6 Mtm Lease Expires7 Mtm Lease Expires8 Mtm Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 26241 Monthly Rent1 1735 Monthly Rent2 1726 Monthly Rent3 1605 Monthly Rent4 1575 Monthly Rent5 1625 Monthly Rent6 1350 Monthly Rent7 1625 Monthly Rent8 15000 Motive Want Retirement Occupancy Percent 100 Sales Restrictions N/K Short Sale No Unit Number1 Apt 1 Unit Number2 Apt 2 Unit Number3 Apt 3 Unit Number4 Apt A Unit Number5 Apt B Unit Number6 Apt C Unit Number7 Apt D Unit Number8 Gym Zoning Commercial

    Listing provided courtesy of Compass. 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