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Jerrod Waller

jwaller@sdrealtyco.com +1(858) 822-8634

$4,500,000

Est. payment - /mo

4,330 Beds

9,227 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

MLS Listing ID 260008602

Bedrooms 4330

Full Baths 3464

Lot Size 9,227 Sqft

Lot Dimensions 100x94

Property Sub-Type Com-Res Income

Property Description

***PRICED TO SELL*** Value Add Upside Potential***Renovate Ready**Rent Reposition***Ay Carumba Stabilized Coastal Multifamily Asset Market Value $6,900,000***Mediterranean Coastal Affluent Community Highly Walkable Coastal Lifestyle With Proximity To Coastal Amenities & Employment Centers*** Year Round Mild Temperatures Ranging Mid-50s to Mid-70s***92037***La Jolla Driven By Education*Healthcare*Biotechnology*Research*Tourism*Professional Services*Provide A Strong Economic Base Which Support Upscale Single Family Homes*Luxury Condominiums*Apartment Buildings* A Local Commercial Corridor Offering Convenient Access To Retail, Dining, And Personal Services Within Walking Distance Sustaining Long Term Rental Desirability & Investment Stability***0.2 Miles To Neptune/ WINDNSEA Beach *Coastal Bluff With Pacific Ocean Views ***6 Units***Total 4,571Sq Ft Of Living Area***(4/6 renovation ready and vacant)***Two 2BR/2BA approx 900 Sq ft***Two 2BR/1BA approx 800 sq ft***Two 1BR/1BA approx 600 SqFt***On A Flat Level 9,227 (95 x100) Sq Ft Prominent Usable Corner Lot Providing Dual Street Frontage (Rosemont & Electric) With Alley Access Providing Enhanced Accessibility & 4 One Car Garages (10x24)***$29,800 Long Term Monthly Market Rent/ $357,600 YR***5.55% Cap Rate***GRM 12.6***Holy Schmoly Short Term/AIRBNB Monthly Rent $50,000/$600,000 YR*** Ability to Generate Additional $127K+ per Year Converting Four (10x24) 240 Sq Ft Garages into Studios Renting For $2,650 Mth*** Going Going Gon_!

Location

State CA

County San Diego

Area Coastal South

Zoning RM-1-1

Interior

Heating Wall

Flooring Other/Remarks

Fireplace No

Laundry Owned

Exterior

Parking Features Garages

View Y/N No

Roof Type Composition

Total Parking Spaces 4

Building

Dwelling Type Other/Remarks

Story 2

Others

Senior Community No

Tax ID 351-471-21-00

Acceptable Financing Cash, Exchange Up, Other/Remarks

Listing Terms Cash, Exchange Up, Other/Remarks

Virtual Tour https://www.propertypanorama.com/instaview/snd/260008602

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Listed by Robert Antoniadis, DRE#01727428 Robert Realty

NEARBY SCHOOL & BUSINESS

“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”

+1(858) 822-8634

jwaller@sdrealtyco.com

3555 5th Avenue 3rd Floor, San Diego, CA 92103

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428-38 Rosemont St La Jolla, CA 92037