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5685-5693 La Jolla Blvd
La Jolla, CA 92037
La Jolla Seaview - Fully Renovated 2018/19 · Multifamily Property For Sale
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12 Units
PROPERTY FACTS
| No. Units | 12 | Building Size | 16,375 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1986/2019 |
| Building Class | B | Parking Ratio | 2.13/1,000 SF |
| Lot Size | 0.30 AC | ||
| Zoning | LJPD-4 - La Jolla Planned District | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.30 AC |
| Building Size | 16,375 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1986/2019 |
| Parking Ratio | 2.13/1,000 SF |
| Zoning | LJPD-4 - La Jolla Planned District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
ABOUT 5685-5693 LA JOLLA BLVD , LA JOLLA, CA 92037
CBRE is pleased to offer for sale 100% fee interest in the newly renovated La Jolla Seaview, an exceptional investment opportunity comprised of 12 spacious condominium quality residential units with ocean views, and 7 prime street front retail units, located in the heart of the Bird Rock neighborhood of La Jolla, one of Southern California’s premier coastal communities. La Jolla Seaview was built in 1986 and completely renovated in 2018/2019. The property has consistently operated at 100% occupancy and enjoys a full complement of luxury amenities including secured access with 30 subterranean gated parking spaces (plus 5 street level spaces). The property also includes a recorded Final Map for Condominium Conversion for all 17 units. La Jolla Seaview is perfectly positioned for future growth and offers immediate opportunities to increase returns through lease renewal, rental increases, and shortterm rentals. Located on the main artery running through the Bird Rock community of La Jolla, and connecting Pacific Beach to the La Jolla Village, La Jolla Boulevard services approximately 22,000 vehicles per day. In 2008 the city added 5 pedestrian friendly street roundabouts to slow traffic creating the ideal live-walk environment. As a result, La Jolla Boulevard is now safer, quieter, healthier, and wealthier. Noise levels were reduced 77 percent, and retailers have reported a 35% increase in sales. This stretch of residential living and retail shops is now considered one of the best live-walk corridors in Southern California.
PROPERTY TAXES
| Parcel Number | 357-432-36 | Improvements Assessment | $9,982,801 |
| Land Assessment | $4,921,407 | Total Assessment | $14,904,208 |
PROPERTY TAXES
