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7441-43 La Jolla Blvd Blvd - La Jolla & Pearl 11 Unit Apartment Building Offered at $5,727,562 CAD at a 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 | $5,727,562 CAD | Lot Size | 0.17 AC |
| Price Per Unit | $520,687 CAD | Building Size | 4,572 SF |
| Sale Type | Investment | Average Occupancy | 90% |
| Cap Rate | 3.02% | No. Stories | 2 |
| Gross Rent Multiplier | 16 | Year Built | 1962 |
| No. Units | 11 | Parking Ratio | 0.66/1,000 SF |
| Property Type | Multifamily | Cross Streets | Pearl |
| Apartment Style | Garden |
| Price | $5,727,562 CAD |
| Price Per Unit | $520,687 CAD |
| Sale Type | Investment |
| Cap Rate | 3.02% |
| Gross Rent Multiplier | 16 |
| No. Units | 11 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.17 AC |
| Building Size | 4,572 SF |
| Average Occupancy | 90% |
| No. Stories | 2 |
| Year Built | 1962 |
| Parking Ratio | 0.66/1,000 SF |
| Cross Streets | Pearl |
AMENITIES
UNIT AMENITIES
- Patio
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | $2,770 CAD | 400 |
| 2+1 | 1 | $3,680 CAD | 650 |
1 1
Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 350-592-05 | Improvements Assessment | $197,571 CAD |
| Land Assessment | $262,059 CAD | Total Assessment | $459,630 CAD |
PROPERTY TAXES
Parcel Number
350-592-05
Land Assessment
$262,059 CAD
Improvements Assessment
$197,571 CAD
Total Assessment
$459,630 CAD
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7441-43 La Jolla Blvd Blvd - La Jolla & Pearl
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