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4604 University Ave, City Heights

Sold for $1,138,000

Income Property

Days on Market

250

​

Total Units

—

Price Per Unit

—

Cap Rate at Sale

Represented Seller

Representation

Property Details

 

Case Study: 4604 University Ave, San Diego, CA 92105


City Heights Commercial Property Sale | Seller Representation


Property Overview


4604 University Avenue is a highly visible City Heights commercial building located on one of the most heavily trafficked retail corridors in San Diego.


The property consists of a single-tenant warehouse/showroom operating under a gross lease, making it an attractive, stable cash-flowing investment in a submarket known for strong demand and limited quality inventory.


Transaction Summary


  • Sale Price: $1,138,000

  • Asset Type: Commercial Warehouse / Retail

  • Tenant Type: Single-Tenant, Gross Lease

  • Cap Rate: 6%+

  • Building Size: 8,227 SF

  • Lot Size: 19,000 SF

  • Representation: Represented Seller

  • Submarket: City Heights, San Diego


Advisory Strategy


1. Targeting Local Investor Demand


City Heights attracts:


  • Owner-users

  • Small business operators

  • Local investors seeking stable, under-managed assets

  • 1031 exchange buyers looking for yield


Positioning the property as a 6%+ cap investment created strong response from investors priced out of prime corridors like North Park, Normal Heights, and University Heights.


2. Marketing the Strength of the University Avenue Corridor


University Avenue is one of San Diego’s most important commercial arteries.

Key value drivers included:


  • High traffic volume

  • Strong visibility

  • Diverse tenant demand

  • Long-term redevelopment upside

  • Proximity to new City Heights revitalization projects


These elements significantly supported buyer confidence and validated the pricing strategy.


3. Streamlined Sale Process for the Seller


Services included:


  • Value positioning

  • Lease review and income verification

  • Buyer vetting

  • Negotiation and due diligence management

  • Clear communication with an out-of-area buyer pool


The result was a smooth closing at a cap rate aligned with market expectations for City Heights commercial assets.


Thinking About Selling?


If you own a commercial or multifamily property in:


  • City Heights

  • North Park

  • El Cajon Blvd Corridor

  • San Diego urban core


I provide confidential valuations and strategic recommendations tailored to today’s market.


Request a free valuation




See more case studies



4604 University Ave, City Heights — apartment building sold by Arby Eivazian, San Diego

Narrative

Single-tenant City Heights warehouse/showroom on a gross lease: 8,227 SF building, 19,000 SF lot, sold for $1,138,000 at a 6%+ cap. Seller representation.

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