1065 University Avenue – San Diego, CA

The subject property is located on the corner of University Avenue & Vermont Street in the urban neighborhood of Hillcrest, one of San Diego’s focal points for new developments and a top performing apartment rental market. The underlying zoning is CC-3-8, which allows one dwelling unit for each 600 square feet of lot area, a minimum FAR of 1.5, and a FAR mixed of 2.5.

The Hillcrest multifamily market has a vacancy of 2.9% [CoStar Analytics] with rents ranging from $2,095 – $4,695 per month for Studios to 2BR units. Just north of downtown San Diego and Balboa Park, this area is one of San Diego’s most populated neighborhoods, close to major public transportation, and quick access to all parts of San Diego with its proximity to State Route 163, Interstate 5, and Interstate 8.

Peter Wright
619.243.8450
pwright@qfcre.com
BRE #01846272

Emmitt Cahill
619.243.8457
ecahill@qfcre.com
BRE #02033604