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313-319 Nautilus St
La Jolla, CA 92037
Multifamily Property For Sale
·
4 Units
PROPERTY FACTS
| No. Units | 4 | Lot Size | 0.15 AC |
| Property Type | Multifamily | Building Size | 2,320 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1951 |
| Building Class | C | ||
| Zoning | RM-1-1 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 2,320 SF |
| No. Stories | 1 |
| Year Built | 1951 |
| Zoning | RM-1-1 |
ABOUT 313-319 NAUTILUS ST , LA JOLLA, CA 92037
WINDANSEA BEACH LA JOLLA. This may be one of the best locations in the world to live. Windansea is a natural water/park where you can enjoy the tropical days of paradise (fish tide pool surf enjoy the golden sand and the warm Summer water) just a few steps from these 4 lovely homes all remodeled and ready to live in. Property has a recorded Condo Plan so each unit can be sold separately or all together with no HOA fees. We have 313 as a show room vacant which would rent for up to 6,000 per month furnished Regarding anticipated rental income and occupancy rates, I have attached a short term rental pro-forma for your review. The report comes from one of our sources for rental analysis that compares your Nautilus property to other like properties in or near Windansea. The report indicates the average one bedroom unit goes for $195 per night with 69% occupancy, resulting in gross income for all 4 units of approximately $197,432. Those numbers are based on your units being in the 50th percentile of comparable properties. Of course, the more “luxury” your units provide (including furnishings etc), the higher the nightly rate and occupancy. Currently lot has two separate duplexes. Seller has approved Condo Plan, 2 years in the making. Condo map will be finalized prior to the close of escrow. The front units have a fireplaces and patio area with ocean views
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 400 - 700 |
PROPERTY TAXES
| Parcel Number | 351-262-13 | Improvements Assessment | $300,751 |
| Land Assessment | $2,952,842 | Total Assessment | $3,253,593 |
PROPERTY TAXES
