428 Rosemont St,La Jolla, CA 92037
La Jolla, CA 92037
Description
***PRICED TO SELL*** Value Add Upside Potential***Renovate Ready**Rent Reposition***Ay Carumba Stabilized Coastal Multifamily Asset Market Value $6,900,000***Mediterranean Coastal Affluent Community Highly Walkable Coastal Lifestyle With Proximity To Coastal Amenities & Employment Centers*** Year Round Mild Temperatures Ranging Mid-50s to Mid-70s***92037***La Jolla Driven By Education*Healthcare*Biotechnology*Research*Tourism*Professional Services*Provide A Strong Economic Base Which Support Upscale Single Family Homes*Luxury Condominiums*Apartment Buildings* A Local Commercial Corridor Offering Convenient Access To Retail, Dining, And Personal Services Within Walking Distance Sustaining Long Term Rental Desirability & Investment Stability***0.2 Miles To Neptune/ WINDNSEA Beach *Coastal Bluff With Pacific Ocean Views ***6 Units***Total 4,571Sq Ft Of Living Area***(4/6 renovation ready and vacant)***Two 2BR/2BA approx 900 Sq ft***Two 2BR/1BA approx 800 sq ft***Two 1BR/1BA approx 600 SqFt***On A Flat Level 9,227 (95 x100) Sq Ft Prominent Usable Corner Lot Providing Dual Street Frontage (Rosemont & Electric) With Alley Access Providing Enhanced Accessibility & 4 One Car Garages (10x24)***$29,800 Long Term Monthly Market Rent/ $357,600 YR***5.55% Cap Rate***GRM 12.6***Holy Schmoly Short Term/AIRBNB Monthly Rent $50,000/$600,000 YR*** Ability to Generate Additional $127K+ per Year Converting Four (10x24) 240 Sq Ft Garages into Studios Renting For $2,650 Mth*** Going Going Gon_! *** Value Add Upside Potential***Renovate Ready**Rent Reposition***Ay Carumba Stabilized Coastal Multifamily Asset Market Value $6,900,000***Mediterranean Coastal Affluent Community Highly Walkable Coastal Lifestyle With Proximity To Coastal Amenities & Employment Centers*** Year Round Mild Temperatures Ranging Mid-50s to Mid-70s***92037***La Jolla Driven By Education*Healthcare*Biotechnology*Research*Tourism*Professional Services*Provide A Strong Economic Base Which Support Upscale Single Family Homes*Luxury Condominiums*Apartment Buildings* A Local Commercial Corridor Offering Convenient Access To Retail, Dining, And Personal Services Within Walking Distance Sustaining Long Term Rental Desirability & Investment Stability***0.2 Miles To Neptune/ WINDNSEA Beach *Coastal Bluff With Pacific Ocean Views ***6 Units***Total 4,571Sq Ft Of Living Area***(4/6 renovation ready and vacant)***Two 2BR/2BA approx 900 Sq ft***Two 2BR/1BA approx 800 sq ft***Two 1BR/1BA approx 600 SqFt***On A Flat Level 9,227 (95 x100) Sq Ft Prominent Usable Corner Lot Providing Dual Street Frontage (Rosemont & Electric) With Alley Access Providing Enhanced Accessibility & 4 One Car Garages (10x24)***$29,800 Long Term Monthly Market Rent/ $357,600 YR***5.55% Cap Rate***GRM 12.6***Holy Schmoly Short Term/AIRBNB Monthly Rent $50,000/$600,000 YR*** Ability to Generate Additional $127K+ per Year Converting Four (10x24) 240 Sq Ft Garages into Studios Renting For $2,650 Mth*** Going Going Gon_!
Details
| MLS # | 260008602SD |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 147 |
| Listing Provided By | Robert Realty | Robert Antoniadis |
Features
| Units | 6 |
|---|---|
| Building(s) | 1 |
| Zoning | RM-1-1 |
| Acreage | 0.21 |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Block |
Area Information
| State | CA |
|---|---|
| County | San Diego |
| City | La Jolla |
| Zip Code | 92037 |
| Area | 92037 La Jolla |
| Listing VS Median (in 92037) | |
Price: $4,500,000 low | high Med: $870,000 On site: 147 low | high Med: 51 | |
Market Activity 92037
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | La Jolla |
| Zip Code | 92037 |
| Area | 92037 La Jolla |
| Listing VS Median (in 92037) | |
Price: $4,500,000 low | high Med: $870,000 On site: 147 low | high Med: 51 | |
