3628 UNIVERSITY AVENUE for sale in San Diego, California

$1,100,000

The property includes Five retail/office units that have exceptional frontage on University Avenue along with Three Apartment Units found on the 2nd Floor (One 3br/1bath & & Two 2br/1bath systems). Presently the house units are 100 % Occupied with below market leas and the Retail/Office portion is Approximately 42 % vacant making the total tenancy at 70 %. This is a perfect financial investment for an owner/user to take control the vacant area while maintaining the steady income from the apartment units. The retail area adjacent to the 2 vacant spaces are on month to month leases which would enable an owner/user to occupy more than 50 % of the space thus possibly getting SBA Financing. Up up until the last 3 months the building was 100 % occupied with an Effective Gross Income of over $106,000. The home has a perfect retail in addition to multi-family area along the high traffic University Avenue. It is situated between and simply South of the 805 & & 15 & 8 Freeways enabling simple access to virtually every.

Information.
Property Class: Commercial-Off/Rtl/ind.
Noting Status: Active.
City: SAN DIEGO.
Area: NORTH PARK (92104).
County: San Diego.
State: CA.
Living Area (SqFt): 8388 sq. ft
. Lot Size Area Sq Feet: 8999.00.
Lot Size Area Acres: 0.20660.
Brief Sale: No
. Value Range Price (H/L):  $1,100,000.
Providing #: 8.
Parcel Number: 00.
List Date: 7/15/2013.
Class: Commercial.
Home Subtype: Retail Sale.
Approx Lot Size: 0.207.

Home Sub Type Descr: Retail Sale.
Home Type Descr: Mixed Usage.


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