5502 06 E University Avenue, San Diego, CA 92105 (MLS # NDP2506649)

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PRICE $2,995,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE 5,875 sqft
LOT SIZE 21,388 sqft

Aztec Canyon Apartments is a turnkey 10-unit multifamily asset located at 5502-06 University Avenue in the heart of San Diego's Complete Communities zone. Situated on a generous 21,344 SF lot with 12+ parking spaces, this fully renovated 5,875 SF property features a strong unit mix"”one 3BR, three 2BRs, and six 1BRs"”all upgraded with new windows, sleek modern finishes, A/C, vinyl plank flooring, premium appliances, and updated kitchens and 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 2025"”creating 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 3.34% 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 both"”Aztec Canyon checks all the boxes.

DAYS ON MARKET 39 LAST UPDATED 7/7/2025
YEAR BUILT 1950 COMMUNITY 92105 - East San Diego
COUNTY San Diego STATUS Active
PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AREA 92105 - East San Diego
HEAT None
LOT 0.491 acre(s)
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
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CONTACT US ABOUT 5502 06 E UNIVERSITY AVENUE
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Listed with Lee & Associates

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 8/5/25 8:24 AM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

This IDX solution is (c) Diverse Solutions 2025.

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