Listing ID: 210015900
Price: $5,250,000
Status: ACTIVE
Address: 3140-3148 University Ave
City: San Diego
State: California
Postal Code: 92104
Acres: 0.170
County: San Diego
San Diego
CA
92104
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.

Primary Features

County: San Diego
Property Type: Commercial-Office/Rental/Industrial
Year Built: 1947
Zoning: COMMERCIAL

Interior

Common Restrooms: 2
Number of Stories: 2
Unit Number (1): Apt 1
Unit Number (2): Apt 2
Unit Number (3): Apt 3
Unit Number (4): Apt A
Unit Number (5): Apt B
Unit Number (6): Apt C
Unit Number (7): Apt D
Unit Number (8): GYM
Unit Size (1): 617
Unit Size (2): 596
Unit Size (3): 608
Unit Size (4): 365
Unit Size (5): 324
Unit Size (6): 371
Unit Size (7): 346
Unit Size (8): 7900

External

Entry Only: no
Lot SqFt Approximate: 7483
Number of Buildings: 1
Number of Units: 8

Location

Country: United States
Market Area: Metro Uptown
Zip/Area: NORTH PARK (92104)

Additional

Class: COMMERCIAL-OFF/RTL/IND
Commercial Property Type: Office Sale, Retail Sale
Effective Age: 2002

Financial

Actual Gross Scheduled Income: 314892
Actual Operating Expense: 165892
Lease Expires (1): MTM
Lease Expires (2): MTM
Lease Expires (3): MTM
Lease Expires (4): MTM
Lease Expires (5): MTM
Lease Expires (6): MTM
Lease Expires (7): MTM
Lease Expires (8): MTM
Monthly Rent (1): 1825
Monthly Rent (2): 1726.50
Monthly Rent (3): 1605
Monthly Rent (4): 1625
Monthly Rent (5): 1625
Monthly Rent (6): 1350
Monthly Rent (7): 1625
Monthly Rent (8): 15000
Monthly Rent Total: 26381
Price per SqFt of Improvement: 115
Sale/Rent: For Sale
Sales Restrictions: N/K
Short Sale: no

Zoning Info


Area Info


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, noncommercial 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 MLS. 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 © 2019 San Diego MLS. Data updated on Tuesday, October 19th, 2021 03:11:08 PM.
#IDX-detailsPropertyPhoto, #IDX-modernMain, #IDX-detailsHead, .IDX-detailsshowcaseSlides, #IDX-detailsHead, .IDX-detailsshowcaseSlides
Listing courtesy of Compass

Request More Information - Listing ID 210015900

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Data services provided by IDX Broker
{"page":"listing","idxID":"c010","listingID":"210015900","extra":"3140-3148-University-Ave-San-Diego-CA-92104","type":"moreinfo"}
https://www.century21award.com
details.php
https://search.century21award.com
details
http://century21award.idxbroker.com/idx/results/listings?pt=sfr