The Browar Group is pleased to present a rare 5-unit apartment investment opportunity in La Jolla, California. Located less than half a block to Windansea Beach, the property currently sits fully vacant ready for an investor to create a dream property. Consisting of 5 legal units, the property boasts four 1br/1ba apartments each approximately 525 square feet as well as a detached 1br/1ba cottage which is approximately 450 square feet. Select units have ocean views and each unit contains a private outdoor patio or balcony. The property offers four off-street parking spaces but, with light modifications, additional parking can be easily added. The current owner inherited the property a few years ago and since taking ownership have upgraded the electrical service panel as well as installed new sub panels in each unit. Minor foundation issues were also addressed in the back four unit building (certificates of completion available as part of a due diligence package). The property needs extensive rehabbing in order to obtain market rents and an interior walkthrough must occur in order for the Seller to consider any offer. The lot is 4,503 square feet and is zoned RM 3-7.
La Jolla is one of the top beach destinations in the world. With a dramatic coastline boasting incredible views, it's no surprise that La Jolla is one of the most popular beach destinations in California. Surrounded on three sides by the sea and backed by the steep slopes of Mt. Soledad, La Jolla's natural beauty, abundance of activities and upscale village lifestyle ensure that it lives up to its nickname as "the jewel" of San Diego.
****OPEN HOUSE TO SHOW ENTIRE PROPERTY TUESDAY 7/18 FROM 10AM-1PM ---- CALL FOR OFFERS 1PM JULY 21ST****
