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$ 4,395,000
Est. payment /mo
Price Dropped by $455K
7409 Eads Ave La Jolla, CA 92037
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260008673SD
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
Major Price Reduction. Do not miss this opportunity to own this La Jolla Village Gem. Please do not disturb the tenants and please do not walk on the property!! Shown with accepted offer. 7409-7415 Eads Ave offers an investor the opportunity to own an income producing property in one of the most desirable cities in the United States. Available are 5 very well maintained units located in the Village of La Jolla. The property offers immediate upside in rents as well as the possibility to increase NOI by charging for garages and utility reimbursement. The site includes multiple structures spread out on a large lot including a 2BR/1Bath House, a Studio Cottage, a 1BR/1Bath cottage and 2 1BR/1Bath apartment units situated above 4 garages. The property sits on a .24 ACRE lot so there is development potential to add more units (4 new construction) and convert the 4 garages into dwelling units. This would increase the unit count from the current 5, up to to 9 or 11 total units. Buyer/Developer responsible for their own feasibility study.
Location
State CA
County San Diego
Area 92037 - La Jolla
Zoning R-2
Interior
Fireplace No
Exterior
Total Parking Spaces 7
Others
Tax ID 3510610100
Virtual Tour https://www.propertypanorama.com/instaview/snd/260008673
Listed by Thomas McCartin Marcus & Millichap #01427348
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