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$9,450,000
Est. payment /mo
0.28 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250026179SD
HOA Y/N No
Lot Size 0.282 Acres
Property Sub-Type Mixed Use
Property Description
Back on the Market. Buyer did not perform. Units show very well (Above Average Condition!!!). Welcome to La Jolla and The La Jolla Westwinds Apartments. Included are 12 Very Well Maintained 2BR/2Bath Units averaging 1,025 Sq Ft each. Select units have been upgraded with newer cabinets and countertops. All units include 2 huge walk in closets, in unit stacked washer/dryer, fireplaces, & ceiling fans. The property has a secured front and rear entrance with an intercom system as well as gated tuck under parking. There are a total of 24 parking spaces. Although the units are in above average condition the rents are approximately 10-15% below market. In addition there is immediate upside by initiating a RUBS (Utility Reimbursement) program and also charging for parking and 12 storage lockers. The property is located in the heart of The Village of La Jolla. With a walk score of 98 ("Walker's Paradise) tenants enjoy the convenience of tons of shops, restaurants, schools, theatres, etc. And let's not forget you are within a few blocks to the Pacific Ocean!!!
Location
State CA
County San Diego
Area 92037 - La Jolla
Zoning LJPD-5
Interior
Heating Radiant
Fireplace No
Exterior
Carport Spaces 24
Roof Type Composition
Total Parking Spaces 26
Others
Tax ID 3504610700
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Listed by Thomas McCartin • Marcus & Millichap