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3750 University Ave.

San Diego, CA 92105
  • $1,599,000
  • STATUS: ACTIVE
  • ON SITE: 31 Days
  • ID#: 230000603
UPDATED: 204 min ago
$1,599,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,600
    SQFT
  • $167
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1964
County:

School Ratings & Info

Description

Rare investment opportunity to own a small shopping center with 3 retail units, and a large onsite billboard (income producing) ON A CORNER, and in the very heart of City Heights! Incredible car and foot traffic! Located off of University ave, one of the busiest roads in the city. Own plaza OR tear down and rebuild multu-unit apartments/condos! All 3 units are currently rented out to a Mechanic Shop, a small Church and a Print shop. NOTE: All tenants are currently on month-to-month leases, all pay rent on time and have been renting here for many years. TENANT NAMES: Haig's Complete Auto Repair, Gentil de Cristo Church, and Print Shop.

Monthly Payment Calculator

San Diego MLS logo 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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/135863514
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3750 University Ave. San Diego, CA 92105

  • Price: $1,599,000
  • Status: ACTIVE
  • On Site: 31 Days
  • Updated: 204 min ago
  • ID#: 230000603
0
Beds
0
Baths
0
½ Baths
0.22
Acres
9,600
SQFT
$167
$/SQFT
1964
Built
Neighborhood:
East San Diego (92105)
County:
San Diego
Area:
East San Diego (92105)
Property Description
Rare investment opportunity to own a small shopping center with 3 retail units, and a large onsite billboard (income producing) ON A CORNER, and in the very heart of City Heights! Incredible car and foot traffic! Located off of University ave, one of the busiest roads in the city. Own plaza OR tear down and rebuild multu-unit apartments/condos! All 3 units are currently rented out to a Mechanic Shop, a small Church and a Print shop. NOTE: All tenants are currently on month-to-month leases, all pay rent on time and have been renting here for many years. TENANT NAMES: Haig's Complete Auto Repair, Gentil de Cristo Church, and Print Shop.
Exterior Features

Construction BrickStucco Location Neighborhood Shopping Ctr Parking Street

Interior Features

Common Restrooms 3 Cooling Other Floors Slab Heating Other/Remarks Max Contiguous Sq Ft Available 9600 Minimum Sq Ft Available 3214 Private Restrooms 1 Restrooms 4 Stories 1 Story Unit Size1 1200 Unit Size2 1200 Unit Size3 7200 Vacant Sq Ft 0

Property Features

Actual Cap Rate 4.5 Actual Gross Scheduled Income 80544.0 Actual Operating Expense 10500 Assumable Finance 0 Buildings 3 Lease Expires1 Month To Month Lease Expires2 Month To Month Lease Expires3 Month To Month Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 6400 Monthly Rent1 950 Monthly Rent2 950 Monthly Rent3 4500 Motive Want Owner Will Be Doing A 1031 Exchange. Occupancy Percent 100 Overall Percent Vacant 0 Projected Cap Rate 5.86 Projected Gross Multiplier 16.86 Projected Gross Operating Inc 94800 Projected Gross Scheduled Inc 94800 Projected Net Income 84300 Projected Operating Expense 10500 Property Type Retail Sale Includes BuildingLandLeases Sales Restrictions Other/Remarks Short Sale No Sq Ft Source Buyer To Verify Tenant Pays ElectricGasWater Unit Number1 3736 Unit Number2 3749 Unit Number3 3750 Zoning X

San Diego MLS logo Listing provided courtesy of Big Block Realty, Inc.: [IDXCONTACTINFORMATION]. Listing information © 2023 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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The Neuman Team Real Estate Inc.
516 5th Avenue
San Diego CA, 92101