231-289 UNIVERSITY AVE
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Location
231-289 UNIVERSITY AVE
Mblu
37/ 017/ / /
Acct#
LOT C2
Owner
SVF UNIVERSITY WESTWOOD LLC
Assessment
$44,509,700
PID
4629
Building Count
2
Current Value
Assessment
Valuation YearImprovementsLandTotal
2026$29,411,100$15,098,600$44,509,700

Owner of Record
OwnerSVF UNIVERSITY WESTWOOD LLC
Co-OwnerC/O AMERICAN REALTY ADVISORS
AddressP O BOX 847
CARLSBAD, CA 92018
Sale Price$205,710,627
Certificate
Book & Page 34372/0246
Sale Date08/17/2016
Instrument1V

Building Information
Building 1 : Section 1
Year Built: 2014
Living Area: 81,796
Replacement Cost: $22,170,644
Building Percent Good: 77
Replacement Cost
Less Depreciation:
$17,071,400
Building Attributes
FieldDescription
Style:Shop Center RETAIL
ModelCommercial
GradeLuxurious
Stories:1
Occupancy7.00
Exterior Wall 1Clapboard
Exterior Wall 2Precast Panel
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Concr-Finished
Interior Floor 2Vinyl/Asphalt
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseRETAIL > 10,000 SF
Total Rooms 
Total Bedrms0
Total Baths7
1st Floor Use: 
Heat/ACHEAT/AC PKGS
Frame TypeSTEEL
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsAVERAGE
Wall Height10.00
% Comn Wall30.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 81,796 81,796
CANCanopy 548 0
   82,344 81,796
Building 2 : Section 1
Year Built: 2014
Living Area: 72,769
Replacement Cost: $15,347,085
Building Percent Good: 78
Replacement Cost
Less Depreciation:
$11,970,700
Building Attributes : Bldg 2 of 2
FieldDescription
Style:Shop Center RETAIL
ModelCommercial
GradeAverage to Goo
Stories:1
Occupancy3.00
Exterior Wall 1Clapboard
Exterior Wall 2Precast Panel
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Concr-Finished
Interior Floor 2Vinyl/Asphalt
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Struct Class 
Bldg UseRETAIL > 10,000 SF
Total Rooms 
Total Bedrms0
Total Baths3
1st Floor Use: 
Heat/ACHEAT/AC PKGS
Frame TypeSTEEL
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height26.00
% Comn Wall30.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 72,769 72,769
CANCanopy 1,170 0
   73,939 72,769

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
MEZ1MEZZANINE-UNF1480.00 S.F.$9,2002
SPR1SPRINKLERS-WET72769.00 S.F.$45,4002
LDL1LOAD LEVELERS1.00 UNITS$2,2001
SPR1SPRINKLERS-WET82160.00 S.F.$50,6001

Land
Land Use
Use Code3250
DescriptionRETAIL < 10,000 SF  
ZoneM1
Neighborhood440
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)11.87
Frontage
Depth
Assessed Value$15,098,600

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1PAVING-ASPHALT  200000.00 S.F.$190,0001
LT5MERC VAP/FLU  3.00 UNITS$3,2001
LT6W/DOUBLE LIGHT  27.00 UNITS$42,5001
LT1LIGHTS-IN W/PL  28.00 UNITS$20,3001
PLT1PLTRY HSE 1 ST  64.00 S.F.$4001
SGN3W/INT LIGHTS  64.00 S.F.&HGT$5,2001
Valuation History
Assessment
Valuation YearImprovementsLandTotal
2025$29,397,500$15,098,600$44,496,100
2024$29,169,900$15,098,600$44,268,500
2023$28,874,400$13,727,200$42,601,600

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