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    4604 University Ave.

    San Diego, CA 92105
    • $1,495,000
    • STATUS: ACTIVE
    • ON SITE: 70 days
    • ID#: 200045769
    UPDATED: 81 min ago
    $1,495,000
    • 0
      BEDS
    • 0.21
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,438
      SQFT
    • $232
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1960
    County:

    School Ratings & Info

    Description

    6,438 sf retail building zoned CC-5-4 is perfect for an owner/user as the current tenant is month-to-month. Located in an Opportunity Zone with 23,500+ vehicles per day driving by. Solid Central San Diego location. Tenant pays utilities, repairs, and maintenance. Owner pays taxes, roof, and insurance. Corner location. Stand alone building. 6 on-site gated parking spaces + free street parking in front. High 18+ foot ceilings. Current tenant is paying only $1.17 psf per month and is using the property as a warehouse for his beauty supply distribution business. Huge upside potential here. Redevelop, split into multiple storefronts, renovate, self-storage, etc....

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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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/110241931
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    4604 University Ave. San Diego, CA 92105

    • Price: $1,495,000
    • Status: ACTIVE
    • Updated: 81 min ago
    • ID#: 200045769
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.21
    Acres
    6,438
    SQFT
    $232
    $/SQFT
    1960
    Built
    Neighborhood:
    East San Diego (92105)
    County:
    San Diego
    Area:
    East San Diego (92105)
    Property Description
    6,438 sf retail building zoned CC-5-4 is perfect for an owner/user as the current tenant is month-to-month. Located in an Opportunity Zone with 23,500+ vehicles per day driving by. Solid Central San Diego location. Tenant pays utilities, repairs, and maintenance. Owner pays taxes, roof, and insurance. Corner location. Stand alone building. 6 on-site gated parking spaces + free street parking in front. High 18+ foot ceilings. Current tenant is paying only $1.17 psf per month and is using the property as a warehouse for his beauty supply distribution business. Huge upside potential here. Redevelop, split into multiple storefronts, renovate, self-storage, etc....
    Exterior Features

    Alley Access None Cars Per Day 23500 Construction BlockBrickConcreteStucco Docks 1 Ground Level Doors University Ave Loading Doors 1 Location CornerFree Standing Neighboring Business Type1 Retail Neighboring Business Type2 Coffee Shop Parking On SiteStreet Roof Composition Truck Dock 1 Truck Doors 1

    Interior Features

    Ceiling Height 18 Common Restrooms 1 Estimated Square Feet 6438 Floors Slab Max Contiguous Sq Ft Available 6438 Minimum Sq Ft Available 6438 Restrooms 1 Sq Ft Of Improvement 6438 Sq Ft Per Floor1 6438 Stories 1 Story Vacant Sq Ft 0

    Property Features

    Actual Cap Rate 4.8 Actual Gross Scheduled Income 90468.0 Actual Ins Fl Expense 3000 Actual Operating Expense 19445 Actual Taxes Expense 16445 Actual Total Expense 19445 Actual Total Pi Pay 49844 Assumable Finance 0 Building Amenities 6 Gated Open Parking Spaces Buildings 1 Commercial Property Type Industrial SaleOffice SaleRetail Sale Common Area Maintenance Tenant Existing Financing Conventional Financial Information Source Owner Fiscal Year From 19 Have 6400+ Sf Retail Building Lease Expires1 Month To Month Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 7539 Monthly Rent1 7539 Motive Want Sale Occupancy Percent 100 Overall Percent Vacant 0 Projected Annual Pi Expense 49844 Projected Cap Rate 6.2 Projected Cash Flow 42731 Projected Cash On Cash 7.5 Projected Fl Ins Expense 3000 Projected Gross Multiplier 13.3 Projected Gross Scheduled Inc 112020 Projected Net Income 92575 Projected Operating Expense 19445 Projected Taxes Expense 16445 Projected Total Expense 19445 Property Type Light MfgOfficeRetailWarehouse Sale Includes BuildingLand Sales Restrictions N/K Short Sale No Special None Sq Ft Source Buyer To VerifyTax Record Tenant Pays ElectricGasJanitorMaint/RepairsTrashWater Terms Cash To New Loan Unit Number1 1 Zoning Cc-5-4

    Listing provided courtesy of Apartment Consultants, Inc.. Listing information © 2020 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 © 2020 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