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
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


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


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


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


Commercial Property Type: Office Sale, Retail Sale
Effective Age: 2002


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

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