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#NDP2506319, Malena Shakoori, Listing office: LPT Realty
$2,995,000 List price
550206 E University Ave San Diego, CA 92105
0.5 acres
House
Property details
About 550206 E University Ave
The Aztec Canyon Apartments at 5502-06 University Avenue is a fully renovated 10-unit multifamily property totaling approximately 5,875 rentable square feet, situated on a large 21,344 SF lot with over 12 parking spaces. Built in 1950, the unit mix includes one 3 Bed / 1 Bath unit, three 2 Bed / 1 Bath units, and six 1 Bed / 1 Bath units. All units have been extensively upgraded with new windows, modern finishes, updated kitchens and bathrooms, vinyl flooring, high-end appliances, and in-unit A/C. Two units are designated affordable. The property includes on-site laundry (2 washers / 2 dryers), and tenants are billed back for select utilities. There is an income-generating billboard on-site with the current lease expiring January 2025, presenting an opportunity for increased passive income. The property falls within the Complete Communities Housing Plan, offering 6.5 FAR, no height restrictions, and parking relaxation incentives for potential future development. Additionally, the Community Plan designates the site under mixed-use zoning: Residential: 11–15 DU/AC Commercial/Mixed-Use: up to 29 DU/AC, with potential bonus density up to 43 DU/AC where residential is permitted. An assumable Chase loan at a 3.34% fixed rate through March 2027 is in place. Preliminary plans for 20 additional 1 Bed / 1 Bath units and new parking in the rear are available, along with a slope study, soil report, and topo survey.
Highlights
Home typeOther
StatusActive
Lot size0.491 Acres
Year built1950
MLS #NDP2506649
Virtual tour
Summary
- Private Pool: No
- List Price: $2,995,000
- HOA Amount: $0
- Directions: E on university ave, in front of burlington and northgate shopping center
- Year Built: 1950
- Stories: 2
- Lot Size: 0.491 Acres
- MLS Number: NDP2506649
- MLS Name: CRMLS
- Office Name: Lee & Associates
- Office Email: evb@lee-associates.com
- Listing Agent: Eric von Bluecher
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/15/2025, 4:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
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Nearby schools
8
Rolando Park Elementary School
Public District KG-5
0.6 mi
•6620 Marlowe Dr
4
Rolando Elementary School
Public District KG-5
0.6 mi
•6925 Tower St
5
Clay Elementary School
Public District KG-5
0.7 mi
•6506 Solita Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $60,345. The most common annual income of people living in San Diego, CA is between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
35%
<35k
39%
35k-100k
23%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
44%
Single, No Kids
5%
Single, with Kids
24%
Married, No Kids
27%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
7%
12-17 yrs old
24%
18-34 yrs old
43%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Men's Tennis- Tennis
Major League Soccer (MLS)
Where do the neighbors shop?
Nordstrom Rack
Crate & Barrel
Banana Republic
Where do the neighbors go to eat?
The Cheesecake Factory
Starbucks
Jack In The Box
What do the neighbors drive?
Volvo
BMW
Toyota
What do the neighbors listen to?
News
Jazz
Alternative
All data provided by Home Junction and Claritas
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Frequently asked questions
About 550206 E University Ave
The listing price of 550206 E University Ave property is $2,995,000.
The property 550206 E University Ave is a house located in San Diego, California, 92105.
Active Listing: 550206 E University Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 550206 E University Ave are: Rolando Park Elementary School (GreatSchools Rating 8/10), Rolando Elementary School (GreatSchools Rating 4/10), Clay Elementary School (GreatSchools Rating 5/10), Vista La Mesa Academy (GreatSchools Rating 5/10), Darnall Charter (GreatSchools Rating 4/10), Harriet Tubman Village Charter (GreatSchools Rating 4/10), Helix High School (GreatSchools Rating 9/10), Crawford High School (GreatSchools Rating 5/10), Diego Hills Central Public Charter (GreatSchools Rating 2/10).
The property at 550206 E University Ave has 0 bathroom.
The year of construction for 550206 E University Ave is 1950.
This home is located at 550206 E University Ave in San Diego, CA and zip code 92115 in the Redwood Village - Rolando Park neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 7, 2025 and is currently priced at $2,995,000.
In June 2025, from all listings sold in San Diego, CA there were more than 71 sold above asking price, over 102 sold below and more than 41 were sold right at the asked price. Between May and June 2025, San Diego, CA real estate market has seen increase in the number of listings by 5.4%. In June 2025 median list price was $876,062 and the average listing age was 28 days.
From Rocket Homes Real Estate and based on county public records data.