Aztec Canyon Apartments is a turnkey 10 unit multifamily asset located at 5502 06 University Avenue in the heart of San Diegos Complete Communities zone. Situated on a generous 21,344 SF lot with 12+ parking spaces, this fully renovated 5,875 SF property features a strong unit mixone 3BR, three 2BRs, and six 1BRsall upgraded with new windows, sleek modern finishes, A/C, vinyl plank flooring, premium appliances, and updated kitchens and baths. Two units are designated affordable. The site offers multiple income streams and future upside. An on site billboard generates passive income, with its lease expiring in January 2025creating potential for renegotiation or redevelopment. Zoned for mixed use with 6.5 FAR, no height limits, and parking incentives under Complete Communities, the property is well positioned for density bonus and infill expansion. An assumable Chase loan at a 3.34% fixed rate through March 2027 adds financial appeal. Preliminary studies and conceptual plans for 20 additional 1BR units and new rear parking are available. Other perks include on site laundry (2 washers / 2 dryers) and utility billbacks. Whether you're seeking stabilized income, development opportunity, or bothAztec Canyon checks all the boxes.