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5502 University Ave #61 / 26 · Click to zoom

About this home

Excellent incoming property with room to add additional units in rear. Seller is currently working on permits. Assumable financing available. Buyer can enjoy an updated investment with minimal involvement. Located near San Diego State University and dining/shopping establishments. This opportunity provides housing for students & residents in San Diego's bustling Chollas Creek/El Cerritos neighborhoods. There are also fully certified 40' containers at the back of the property used for storage that will convey. Tenants pay for all the utilities including water. The FAR of the property for future Development is 6.5 as part of the new complete communities housing solutions. All the units are fully renovated with new appliances, hoodfans/microwaves, and vinyl flooring. Several units are also updated with a brand new Kitchens. All the units are updated with split unit A/C units. Brand-new laundry room with new coin-operated machine. The laundry room currently has 2 washing machines and 2 dryers with no contract. Billboard conveys with sale.

🏠 HomeFax

Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk
🏷 Last sold$2,575,000 · Jan 2022
📋 Assessed value$2,787,261
💵 Annual tax$34,253
🏫 School districtSan Diego City Unified School District

MLS #230023079SD

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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Down payment %
Interest rate %
Loan term (yrs)
Property tax %/yr
Home insurance %/yr
Estimated total monthly payment
$22,366
Principal & interest$18,052
Property tax$3,273
Home insurance$1,041
Down payment: $714,000Loan: $2,856,000

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.