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1037-1039 University Ave 4,050 SF 100% Leased Retail Building San Diego, CA 92103 $4,172,140 CAD ($1,030.16 CAD/SF) 5.75% Cap Rate
Executive Summary
Excellent opportunity to own a commercial condominium in the heart of Hillcrest, one of San Diego's most dynamic mixed-use neighborhoods. This well-located suite offers outstanding visibility, strong pedestrian and vehicle traffic, and convenient access to Interstate 163, Downtown San Diego, Balboa Park, Mission Hills, and North Park. Surrounded by popular restaurants, cafés, retail shops, medical offices, and entertainment venues, the property benefits from exceptional walkability and a thriving business environment. Ideal for an owner-user, professional office, boutique retail, or as an investment opportunity in one of San Diego's most sought-after commercial corridors.
- Prime Hillcrest location
- High pedestrian and vehicle exposure
- Minutes to Downtown San Diego and San Diego International Airport
- Easy access to Interstate 163 and Highway 5
- Walking distance to restaurants, coffee shops, shopping, and public transit
- Strong demographics and established commercial district
- Excellent owner-user or investment opportunity
- Long-term appreciation potential in a high-demand urban market
- Prime Hillcrest location
- High pedestrian and vehicle exposure
- Minutes to Downtown San Diego and San Diego International Airport
- Easy access to Interstate 163 and Highway 5
- Walking distance to restaurants, coffee shops, shopping, and public transit
- Strong demographics and established commercial district
- Excellent owner-user or investment opportunity
- Long-term appreciation potential in a high-demand urban market
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,050 SF
Building Class
C
Year Built
1925
Price
$4,172,140 CAD
Price Per SF
$1,030.16 CAD
Cap Rate
5.75%
NOI
$239,898 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.16
Lot Size
0.08 AC
Zoning
CC-3-8
Parking
3 Spaces (0.74 Spaces per 1,000 SF Leased)
Frontage
Very walkable
80/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 452-156-17 | Improvements Assessment | $1,521,142 CAD |
| Land Assessment | $1,064,797 CAD | Total Assessment | $2,585,939 CAD |
Property Taxes
Parcel Number
452-156-17
Land Assessment
$1,064,797 CAD
Improvements Assessment
$1,521,142 CAD
Total Assessment
$2,585,939 CAD
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1037-1039 University Ave
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