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La Jolla & Pearl 7441-43 La Jolla Blvd Blvd 11 Unit Apartment Building $4,125,000 ($375,000/Unit) 3.02% Cap Rate La Jolla, CA 92037
INVESTMENT HIGHLIGHTS
- VILLAGE OF LA JOLLA VALUE-ADD
- RECENT UPGRADES
- LARGE PRIVATE PATIOS
- STEPS FROM THE BEACH
EXECUTIVE SUMMARY
This exceptional opportunity is located steps from the beach in the Village of La Jolla and walking distance from San Diego's most coveted amenities. The property consists of an SFR/retail/residential flex space and ten studio units, three one-car garages to the rear of the property with alley access and four surface parking spots off La Jolla Blvd, new roofing over the garages and front house sections, new garage doors, recently replaced wood fencing on the first level.
Each unit boasts large enclosed patios, new interior electrical subpanels, upgraded windows in select units.
Each unit boasts large enclosed patios, new interior electrical subpanels, upgraded windows in select units.
PROPERTY FACTS
| Price | $4,125,000 | Building Class | B |
| Price Per Unit | $375,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 4,572 SF |
| Cap Rate | 3.02% | Average Occupancy | 90% |
| Gross Rent Multiplier | 16 | No. Stories | 2 |
| No. Units | 11 | Year Built | 1962 |
| Property Type | Multifamily | Parking Ratio | 0.64/1,000 SF |
| Property Subtype | Apartment | Cross Streets | Pearl |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 - Multi-Family | ||
| Price | $4,125,000 |
| Price Per Unit | $375,000 |
| Sale Type | Investment |
| Cap Rate | 3.02% |
| Gross Rent Multiplier | 16 |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 4,572 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 0.64/1,000 SF |
| Cross Streets | Pearl |
| Zoning | R-3 - Multi-Family |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Microwave
- Freezer
- Patio
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Storage Space
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | $1,995 | 400 |
| 2+1 | 1 | $2,650 | 650 |
1 1
Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 350-592-05 | Improvements Assessment | $142,291 |
| Land Assessment | $188,735 | Total Assessment | $331,026 |
PROPERTY TAXES
Parcel Number
350-592-05
Land Assessment
$188,735
Improvements Assessment
$142,291
Total Assessment
$331,026
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La Jolla & Pearl | 7441-43 La Jolla Blvd Blvd
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