$2,480,000
$2,695,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
Address not disclosed La Jolla, CA 92037
Key Details
Sold Price $2,480,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NDP2102187
Sold Date 05/05/21
HOA Y/N No
Year Built 1977
Property Description
Incredible opportunity in the heart of La Jolla's village! * 6,998 SF lot with a ~ 3,000 SF medical building with single tenant * Zone 2 of the La Jolla Planning District * Max FAR is 1.7, but FAR is 1.3 if all residential * Min lot size is 2,500 SF * Uses include mixed use, community office and/or residential units only * Current tenant pays $10,697.63/mo * Rent increases by 3% annually on 6/30 * Tenant has exercised the option to extend the lease to 6/30/2024 and has 1 remaining 5-year extension option * Shown with accepted offer only
Location
State CA
County San Diego
Area 92037 - La Jolla
Zoning COMMERCIAL
Interior
Fireplace No
Building
Lot Description 0-1 Unit/Acre
Water Public
Others
Tax ID 3503322700
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Yvonne Oberle • Willis Allen Real Estate