$5,300,000
$4,825,000
9.8%For more information regarding the value of a property, please contact us for a free consultation.
315 Prospect Street La Jolla, CA 92037
7,840 Sqft Lot
Key Details
Sold Price $5,300,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 210027284
Sold Date 12/16/21
HOA Y/N No
Lot Size 7,840 Sqft
Acres 0.18
Property Description
The Browar Group is pleased to present this jewel of a value add opportunity in The Village of La Jolla, the Ocean View Apartments. The property is legally 8 units consisting of large (4) 2BR 1BA and (4) 1BR 1BA units. Currently, the property operates as (7) units, with the sellers converting a 2BR and a 1BR into a non-conforming 3BR 3BA unit with 2 kitchens and 2 front entrances. Those "2" units will be delivered vacant. The property also features 6 one car garages, laundry on-site, and a charming garden style courtyard. Two units have patios or decks as well as ocean views. Through heavy renovation of the property, there is large upside in the rents for an astute investor to capture. Lastly, with a Walk Score of 87 and first time to market in 50 years, the Ocean View Apartments encompasses all a legacy asset entails. CALL FOR OFFERS: Saturday October 2 at 5PM
Location
State CA
County San Diego
Area 92037 - La Jolla
Interior
Fireplace No
Exterior
Total Parking Spaces 6
Others
Tax ID 3504111000
Financing Cash to New Loan
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Bought with Florian Sighe • The Browar Group