2906 University Ave

San Diego , CA 92104

MLS#: 190046657

$6,500,000

Status: Closed
Listing number: 190046657
Listing provided by: Next Wave Commercial Real Estate, Inc.
Listing agent phone: None
Last update: 1 year, 8 months ago
On site: 6 years ago
Browse Properties
Main image without alt text

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Sq.Footage

N/A

Opportunities to acquire the most iconic buildings in the hottest neighborhoods do not come around often. The Newman / IOOF (International Order of Odd Fellows) building has only changed hands once in the past 90 years. This is a trophy asset on a prime corner less than one block from the main & main intersection in North Park. This is your chance to create a legacy in North Park for generations to come.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    N/A

  • Heating YN

    NO

  • Heating

    None

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $6,500,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Change time

Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

San Diego

Elementary School

Middle School

High School

Listing Courtesy of Nate Benedetto , Next Wave Commercial Real Estate, Inc.

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent LinaMirza

FOUNDER

LinaMirza

Call Lina today to schedule a private showing.

(818) 321-0175

Lina@theosrealty.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please click here to review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
Opportunities to acquire the most iconic buildings in the hottest neighborhoods do not come around often. The Newman / IOOF (International Order of Odd Fellows) building has only changed hands once in the past 90 years. This is a trophy asset on a prime corner less than one block from the main & main intersection in North Park. This is your chance to create a legacy in North Park for generations to come.

2906 University Ave

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

Related Properties

The Surf House is a trophy-quality 10-unit luxury apartment community ideally located at 1478 Hornblend Avenue in the heart of Pacific Beach, San Diego. This exceptional offering represents a rare opportunity to acquire a fully rebuilt, turnkey coastal asset in one of Southern California’s most supply-constrained and sought-after rental submarkets. Completed in June 2024, The Surf House underwent a comprehensive stripped-down-to-the-studs redevelopment under full City of San Diego permits, bringing the property to modern building code standards and ensuring long-term structural and operational durability. Major upgrades include a new 600-amp electrical system (100 amps per unit), all-new plumbing, a centralized hot water system, fire sprinklers, foundation, new roof, windows, smooth-finish stucco, custom gutters, and architectural steel staircases. Interiors of each residence feature premium designer-level finishes, such as quartz countertops, custom style cabinetry, designer tile, high-end stainless-steel appliances, luxury vinyl plank flooring, in-unit washer and dryer, and individual split HVAC systems. Every unit has been meticulously designed to complement a modern coastal lifestyle, offering private outdoor living areas—including exclusive patios or expansive roof decks—with many units capturing panoramic ocean and bay views. Centrally located just six blocks from the shoreline and steps from Garnet Avenue’s vibrant dining, retail, and entertainment corridor, The Surf House boasts a Walk Score of 96, driving strong resident demand and premium rents. With stric
#250042853SD

San Diego

1478 Hornblend Street

None Beds

None Baths

N/A

$6,350,000

MLS#: 250042853SD

3691 National Ave is a 22 unit multifamily property located on the corner of National and 37th St in San Diego's "Southcrest" neighborhood. Unique for San Diego, the property was built in 1990. It was originally a 15 unit complex that now has had seven brand new ADU's, with certificate of occupancy available. Due to the vintage and current condition, electrical/insurance/plumbing should not be problematic for any new owner. With strong in place rent and fundamentals currently, 3691 National will have low maintenance costs for the foreseeable future. The unit mix consists of twenty-one 1 bed/1 bath units and one studio. Ideally located between I-5 & I-805, the gated complex features nine garages as well as additional 11 off-street parking spaces for the tenants to utilize along with laundry on site.
#250042638SD

San Diego

3691 National

None Beds

None Baths

N/A

$5,720,000

MLS#: 250042638SD

Exceptional 20-unit apartment building in a prime Pacific Beach location at 2125 Reed Ave, featuring all 1-bedroom, 1-bathroom units. This well-maintained property offers tremendous upside in rental income with strong value-add potential. Conveniently located near the beach, Mission Bay, shopping, and dining. An ideal opportunity for investors seeking to capitalize on one of San Diego’s most desirable rental markets.
#250041965SD

San Diego

2125 Reed Avenue

None Beds

None Baths

N/A

$7,800,000

MLS#: 250041965SD

Seller will Carry with $1,250,000 Downpayment...VALUE ADD, Legacy Property, 'Marlborough Arms' is a Unique Vintage Style 11 Unit Rental Community Located in Kensington Heights, One of the Most Vibrant Rental Districts in Metro San Diego. A Once in a Lifetime Opportunity to Acquire the Landmark Income Property Consisting of (SIX) 1 Bed 1 Bath Apartments AND (FIVE) 2 Bed 1 Bath Apartments PLUS ADD (9) Studios Currently Under the City PERMIT PROCESS, Current YEARLY Income is Approximately $308,300, PLUS A Common Area Laundry, Situated on a 98x135 Corner Lot with an Alley.
#250041680SD

San Diego

5050 Marlborough Dr. (-70)

None Beds

None Baths

N/A

$6,750,000

MLS#: 250041680SD

CASH FLOW! CASH FLOW! CASH FLOW! Discover the pinnacle of real estate investment in the vibrant City Heights neighborhood of San Diego. Presenting 3845-55 Chamoune Avenue—a newly listed 22-unit apartment building that epitomizes stability, convenience, and unparalleled returns. Take advantage of an assumable Freddie Mac loan, featuring a loan balance of $3,240,000 and an attractive interest-only rate of only 3.03% through March 2029, further enhancing the property's affordability and profitability. Boasting twenty meticulously crafted one-bedroom, one-bathroom apartments, alongside a two-bedroom, two-bathroom unit, and a three-bedroom, one-bathroom apartment, this property caters to diverse tenant preferences, ensuring high occupancy rates and steady rental income streams. Benefit from recent capital investments, including newer roofs, fresh exterior paint, upgraded fencing, security systems, energy-efficient windows, and essential infrastructure enhancements such as rerouted water lines and interior unit upgrades—ensuring minimal maintenance costs and maximum tenant satisfaction. Experience the pinnacle of comfort and convenience with ample off-street parking and on-site laundry facilities, elevating the resident experience and fostering long-term tenant satisfaction. This investment gem promises exceptional cash flow from day one, boasting an impressive yield of approximately 7.4% (day 1!).
#250041714SD

San Diego

3845 Chamoune Avenue

None Beds

None Baths

N/A

$6,195,000

MLS#: 250041714SD

7447-7453 Hershel Avenue Apartments represents a unique value-add and location-driven opportunity in one of San Diego’s most desirable neighborhoods. Situated in La Jolla Village and walking distance to beaches, restaurants, and shopping, the property occupies an “A” location in an area that rarely trades. Originally constructed in 1953, the subject consists entirely of one-bedroom, one-bath units. With targeted interior renovations and exterior upgrades, there is potential to increase rents and overall property value, capturing additional upside in a strong market. Renovated properties with comparable locations are listing units for approximately $6.00/SF in rent. The surrounding market supports sustained demand for multifamily rentals, with a median home sale price of $2.325 million as of June 2025 keeping homeownership out of reach for many and reinforcing the attractiveness of rental housing.
#250041378SD

San Diego

7447 Herschel

None Beds

None Baths

N/A

$5,750,000

MLS#: 250041378SD

The Wilson Apartments represent a rare opportunity to acquire a prime development site in San Diego’s historic Cortez Hill District, one of Downtown’s most desirable residential neighborhoods. The offering consists of two parcels totaling 15,000 square feet at the top of Cortez Hill, located at 1560–1572 10th Avenue and 1561–1575 9th Avenue, San Diego, CA 92101. The existing improvements include five multifamily buildings constructed circa 1930, comprising 13 rental units with a total rentable square footage of 7,738. There are nine units across two apartment buildings on 9th Avenue (ten 1BR/1BA, one 2BR/1BA, and two studios/1BA), along with four units within three cottages along 10th Avenue, including one duplex cottage. The property also includes 12 parking spaces, with nine open stalls and three garages. These character-rich buildings generate immediate rental income and provide investors with flexibility — either to enhance the existing apartments as a value-add opportunity or to hold as a true covered land play while entitling and planning for future redevelopment. The property is zoned CCPD-R, which permits multifamily residential uses with a maximum FAR of 8.0. It is also located within the Complete Communities District, where FAR limits are effectively waived, further enhancing redevelopment potential. Recent trends in Uptown and Downtown San Diego have seen the razing of older improvements for high-rise apartment projects, reflecting strong demand for infill sites in this submarket.
#250040754SD

San Diego

1561 9th Ave

None Beds

None Baths

N/A

$7,125,000

MLS#: 250040754SD

This 12-unit apartment offering presents a rare opportunity in the heart of Hillcrest with its unique two-parcel configuration totaling 13,715 square feet. One parcel is improved with 16 dedicated on-site parking spaces, an exceptional feature in this high-demand urban neighborhood, while the second parcel includes three separate four-plex buildings with classic frame and stucco construction. All twelve units are thoughtfully laid out as two-bedroom, one-bath apartments, with eight units at 748 square feet and four units at 682 square feet. This balanced unit mix, coupled with their generous sizes, positions the property as an attractive option for long-term renters seeking space, comfort, and walkable access to Hillcrest’s vibrant lifestyle. This asset is ideally suited for an investor looking to capitalize on immediate stability while unlocking future upside through renovation, repositioning, or even long-term redevelopment. The combination of rare on-site parking, efficient two-bedroom layouts, and the two-parcel configuration makes this offering a standout opportunity in San Diego’s multifamily market.
#250040763SD

San Diego

3925 7th Avenue

None Beds

None Baths

N/A

$5,300,000

MLS#: 250040763SD

Price reduced
14 units with a great unit mix - 8 2br/1ba and 6 1br/1ba. Close to the beach and easy access to the 5 freeway. Most units have been renovated. Laundry is owned. Possible ADU potential. Pride of ownership. 2 Full parcels in Pacific Beach - 424-111-13-00 and 424-111-12-00 Please do not disturb tenants. Sellers are CA Licensed RE agents.
#250040338SD

San Diego

4470 Bond St

None Beds

None Baths

N/A

$5,950,000

MLS#: 250040338SD

3034-50 Canon Street is located just blocks from La Playa and Shelter Island. The 3 structures totaling 12,410 square feet built in 1947 are situated on a 10,108 square foot lot. There are seventeen spacious 1 Bedroom / 1 Bathroom units and one commercial unit. The units have all been remodeled with plank flooring, horizontal window coverings, and new ceiling fans which complement the tile countertops and existing built ins. There is assumable financing at 3.95% fixed until March of 2027 with Chase Bank with a current balance of approximately $2.4M. Solar Panels were recently installed as well as new windows and tankless hot water heaters. There are two laundry rooms with leased equipment. There are back and central patio areas with bike storage. The property is in a central location across the street from Cabrillo Elementary School and a few blocks from Liberty Station. Point Loma is a scenic peninsula with panoramic views of the Pacific Ocean, San Diego Bay, Coronado Island and Downtown San Diego. The picturesque coastline and is known for its sunsets and has created a desirable living environment, attracting residents and tourists alike. This natural beauty enhances the value of properties in the area. Point Loma boasts a rich history and a vibrant community. The neighborhood is home to the renowned Cabrillo National Monument, which commemorates the landing of Juan Rodriguez Cabrillo in 1542, making it a popular tourist destination. The area is also known for its military presence, with Naval Base Point Loma.
#250038524SD

San Diego

3034 Canon Street

None Beds

None Baths

N/A

$6,900,000

MLS#: 250038524SD

- property

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

Already have an account ? Login here