OUR AGENTS' LISTINGS

3140-3148 University Ave
Metro Uptown San Diego 92104

$5,250,000
Com-Off/Rtl/Ind 7,483 sq. ft. built: 1947

Main Photo: Property for sale: 3140-3148 University Ave in San Diego
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Status:
Active
Prop. Type:
Com-Off/Rtl/Ind
MLS® Num:
210015900
We are pleased to introduce an amazing opportunity to own one of the best, mixed use properties currently available. With 12,022 square feet,The Waldorf Building is rich in history but not deemed historic so the possibilities are endless with this property. Situated in a premier location on a prominent corner surrounded by numerous shops, restaurants, bars, nightlife and dozens of multifamily income properties. This is prime for re-development or keep as an income producing asset. The 7 apartment units are under market rents leaving room for additional units, additional amenities providing upside potential. Very versatile layout offers many possibilities for retail, restaurants or keep "as is." Current owners operate a very popular gym with approximately 7,482 square foot, corner parcel complete with significant upgrades including earthquake retrofitting, plumbing, electrical & gas service. The owners wanted the feel of a traditional New York City basement gym. Other features include a permitted juice bar, large rest room, his & her locker rooms, baths & shower facilities. Named the Waldorf Building after the Waldorf TV store that occupied the retail space from the 1950s to the 1980s.
Rental Amount:
26381
Price Per SqFt:
115.0
Total Floor Area:
7,483 sq. ft.
Lot Size:
7,405.2 sq. ft.
Num Stories:
2
County:
San Diego
Market Area:
Metro Uptown
Unit Number for Unit 1:
Apt 1
Finished Area for Unit 1:
617 sq. ft.
Unit 1 Lease Expires:
MTM
Total Rent for Unit 1:
1825.0
Unit Number for Unit 2:
Apt 2
Finished Area for Unit 2:
596 sq. ft.
Unit 2 Lease Expires:
MTM
Total Rent for Unit 2:
1726.5
Unit Number for Unit 3:
Apt 3
Finished Area for Unit 3:
608 sq. ft.
Unit 3 Lease Expires:
MTM
Total Rent for Unit 3:
1605.0
Unit Number for Unit 4:
Apt A
Finished Area for Unit 4:
365 sq. ft.
Unit 4 Lease Expires:
MTM
Total Rent for Unit 4:
1625.0
Unit Number for Unit 5:
Apt B
Finished Area for Unit 5:
324 sq. ft.
Unit 5 Lease Expires:
MTM
Total Rent for Unit 5:
1625.0
Unit Number for Unit 6:
Apt C
Finished Area for Unit 6:
371 sq. ft.
Unit 6 Lease Expires:
MTM
Total Rent for Unit 6:
1350.0
Unit Number for Unit 7:
Apt D
Finished Area for Unit 7:
346 sq. ft.
Unit 7 Lease Expires:
MTM
Total Rent for Unit 7:
1625.0
Unit Number for Unit 8:
GYM
Finished Area for Unit 8:
7,900 sq. ft.
Unit 8 Lease Expires:
MTM
Total Rent for Unit 8:
15000.0
Short Sale:
No
Listing Type:
Exclusive Agency (A)
Zoning:
COMMERCIAL
Number of Buildings:
1
Number of Units:
8
Sales Restrictions:
N/K
Parcel Number:
446-431-20-00
Gross scheduled income:
314892.0
Operating expense:
165892
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    Living Room
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    Living Room
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    Bedroom
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    Bathroom
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    Kitchen
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    Kitchen

Virtual Tour

Data was last updated September 17, 2021 at 11:10 AM (UTC)
Area Statistics
Listings on market:
17
Avg list price:
$575,000
Min list price:
$975
Max list price:
$6,500,000
Avg days on market:
184
Min days on market:
18
Max days on market:
1,515
Avg price per sq.ft.:
$241.75
These statistics are generated based on the current listing's property type and located in Metro Uptown. Average values are derived using median calculations.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego Multiple Listing Service, Inc.