5502 E University Avenue, San Diego, CA 92105 (MLS # NDP2600656)
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Aztec Canyon Apartments is a 10-unit apartment building 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 15+ parking spaces, this mildly 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,and updated kitchens/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. Please contact listing agent for more information: Ivan Del Muro-Garcia 619.623.2132 or [email protected] #02169365
| DAYS ON MARKET | 1 | LAST UPDATED | 1/21/2026 |
|---|---|---|---|
| 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) |
| LOT DIMENSIONS | 21388 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATERFRONT DESCRIPTION | Lake |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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