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La Jolla & Pearl 7441-43 La Jolla Blvd Blvd 11 Unit Apartment Building $5,651,250 CAD ($513,750 CAD/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 | $5,651,250 CAD | Building Class | B |
| Price Per Unit | $513,750 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 9,192 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 | $5,651,250 CAD |
| Price Per Unit | $513,750 CAD |
| 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 | 9,192 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 | $2,733 CAD | 400 |
| 2+1 | 1 | $3,631 CAD | 650 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 350-592-05 | Improvements Assessment | $197,867 CAD |
| Land Assessment | $262,451 CAD | Total Assessment | $460,318 CAD |
Property Taxes
Parcel Number
350-592-05
Land Assessment
$262,451 CAD
Improvements Assessment
$197,867 CAD
Total Assessment
$460,318 CAD
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La Jolla & Pearl | 7441-43 La Jolla Blvd Blvd
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