2525-43 University Avenue, San Diego, CA 92104
Price
$6,350,000
Price Per Square Foot
$322.83
Year 1 CAP Rate
$322.83
CAP Rate
5.05%
Number of Units
17 Units
Building Square Feet
19,670 SF
Lot Size
12,452 SF
Year Renovated
1925
APN
453-071-10-00
2525-43 University Avenue in San Diego presents a compelling value-add investment opportunity in the heart of North Park, one of the city’s most vibrant and rapidly appreciating submarkets. Priced at $6,350,000, this mixed-use property consists of 12 residential units and 5 commercial spaces, totaling 19,670 square feet on a 12,452-square-foot lot. Originally built in 1925, the asset blends charm with significant upside potential through strategic renovations and lease-up strategies.
The residential component includes a diverse unit mix of one studio, nine one-bedroom units, and two two-bedroom units, catering to North Park’s strong rental demand. The commercial spaces benefit from high visibility along University Avenue, a bustling corridor known for its eclectic mix of restaurants, boutiques, and entertainment venues. With a well-trafficked location and a strong tenant base, the property offers immediate cash flow while providing investors the opportunity to enhance returns through interior and exterior upgrades, improved management, and market-rate leasing.
Given its irreplaceable location, substantial square footage, and mix of residential and commercial tenants, 2525-43 University Avenue is well-positioned for long-term appreciation.
Listed By:
Aaron Bove
Senior Managing Director, Investments
aaron.bove@marcusmillichap.com
(858) 945-7094