1037-1039 University Ave 4,050 SF 100% Leased Retail Building San Diego, CA 92103 $3,592,933 CAD ($887.14 CAD/SF) 6.47% Cap Rate

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 MIXED-USE INVESTMENT OPPORTUNITY
Located in the vibrant and highly walkable Hillcrest/University Heights area, 1037 University Ave #39 presents an exceptional opportunity for investors seeking a centrally located multifamily/mixed-use asset in one of San Diego’s most desirable urban neighborhoods.
The property offers approximately 4,050 square feet of building area on a 3,498-square-foot lot and is positioned along University Avenue, surrounded by an abundance of restaurants, retail, entertainment, services, and public transportation. Its central location provides convenient access to North Park, Mission Hills, Downtown San Diego, and major transportation corridors including SR-163.
Zoned CC-3-8 (Community Commercial), the property offers a compelling combination of existing income-producing potential and future development flexibility, subject to applicable City of San Diego regulations and site-specific requirements. The property is currently identified as a three-unit multifamily asset, making it an attractive option for investors looking for a low-maintenance urban property with potential upside. Downstairs there is a retail, upstairs has an retail and an apartement.
With its prime location, strong walkability, desirable neighborhood setting, and flexible commercial/residential zoning, 1037 University Ave represents a rare opportunity to acquire an income-producing property in the heart of one of San Diego’s most active and sought-after communities.