344 Prospect St - Apartments FOR SALE


La Jolla, CA 92037
$4,400,000 USD
858-232-0945
344 Prospect St, La Jolla, CA for Sale
$4,400,000 USD
Apartments - FOR SALE
1/2
null | 2.69% Cap Rate

344 Prospect St
La Jolla, CA 92037


HIGHLIGHTS

  • The property has central heating and individual hot water heaters.
  • The building has secure access, storage, and private deck patios.
  • Some units have westerly ocean facing windows.

OVERVIEW

344 Prospect is a once in a lifetime opportunity to purchase a true A+ location with significant value add opportunity at below $1000 / sq. ft (based on list price). The asset has significant upside in rental income thru more proactive management and modernizing interiors. The property may also lend nicely to an owner occupant who chooses to personally enjoy the penthouse while renting the remaining 4 units to subsidize the mortgage and expenses.

FOR SALE DETAILS

PRICE

$4,400,000 USD

PRICE/SF

$949 USD /SF

# OF UNITS

5

PRICE/UNIT

$880,000

CAP RATE

2.69%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R3

APN/PARCEL ID

350-400-28

ASK ABOUT THIS PROPERTY

Christopher RobinsonMango Tree Real Estate Corp.More Info
858-232-0945

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Christopher RobinsonMango Tree Real Estate Corp.More Info
858-232-0945

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.