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About the Listing 11958 - 109465
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.
Listing Highlights for 5502 06 E University Ave
Status
Active
Days on Site
61
Property Type
Multi-Family
MLS ®
NDP2506649
Year Built
1950
Total Square Footage
5,875
Lot/Acreage
0.49
County
San Diego
Interior Details
- Bedrooms: 9
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating:
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- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: 36-40 Units/Acre,Lot 20000-39999 Sqft,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 15
- Zoning: CC-5-3
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4724100100
- Tax Year: N/A
Payment Calculator
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Listing Location
Questions About..
5502 06 E University Ave San Diego, CA 92105
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