7509 - 7513 Herschel Ave - Apartments FOR SALE


La Jolla, CA 92037- Village
$3,750,000 USD
858-232-7680
7509 - 7513 Herschel Ave, La Jolla, CA for Sale
$3,750,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

7509 - 7513 Herschel Ave
La Jolla, CA 92037
Village


OVERVIEW

This unique residential offering is located at 7509-7513 Herschel Avenue, within the prestigious community of La Jolla. The property is situated on a substantial lot of 6,300 square feet, featuring a building area of 3,800 square feet that is thoughtfully designed and well-maintained. This investment opportunity includes six studio apartments and one two-bedroom, one-bathroom house, offering a variety of living arrangements for potential tenants or redevelopment opportunities, given its R-3 zoning under the La Jolla Planned District Ordinance (PDO). This zoning supports multiple dwelling units and could be ideal for a developer looking to expand or enhance the property. The studios are efficiently laid out, maximizing the use of space and promoting a comfortable living environment. The property includes shared, onsite laundry facilities, providing convenience for all residents in the building. The stand-alone house offers more space and privacy, featuring two bedrooms and one bathroom, perfect for small families or couples. Additional property features include onsite parking and dedicated storage areas, which are highly desirable in the bustling La Jolla area. These facilities ensure ease of living and add significant value to the property.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$1,158 USD /SF

# OF UNITS

7

PRICE/UNIT

$535,714

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Studios Six Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R3

APN/PARCEL ID

350-622-08

ASK ABOUT THIS PROPERTY

Todd LawCapital Growth PropertiesMore Info
858-232-7680

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Todd LawCapital Growth PropertiesMore Info
858-232-7680

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