346 Palomar Ave

    La Jolla, CA 92037
    • $6,500,000
    • STATUS: ACTIVE
    • ON SITE: 113 days
    • ID#: 180028495
    UPDATED: 85 min ago
    $6,500,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    The La Jolla Courtyard Apartments consist of 11 spacious 1-bedroom / 1-bathroom apartments. Boasting ~ 750 square feet in size, six of the eleven units boast dens on top of the 1 bedroom / 1 bath configuration. The property is extremely well maintained, all with original hardwood floors and tasteful upgrades. There is a private interior courtyard for tenants to enjoy along with laundry facilities and BBQ / sitting area. Off the alley are seven over-sized garages and a storage unit which generate additional income. Via modern interior renovations there is immense rental upside potential, in some cases as much as $1,000/mo in room to increase rents. The world famous Windansea Beach is a block away from the property which is by far the most attractive and irreplaceable amenity the property offers. It is truly a living space in which, "there are no bad days.

    Monthly Payment Calculator

    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc.
    www.triolorealty.com/homes/84024977

    346 Palomar Ave La Jolla, CA 92037

    • Price: $6,500,000
    • Status: ACTIVE
    • Updated: 85 min ago
    • ID#: 180028495
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    Neighborhood:
    La Jolla (92037)
    County:
    San Diego
    Area:
    La Jolla (92037)
    Property Description
    The La Jolla Courtyard Apartments consist of 11 spacious 1-bedroom / 1-bathroom apartments. Boasting ~ 750 square feet in size, six of the eleven units boast dens on top of the 1 bedroom / 1 bath configuration. The property is extremely well maintained, all with original hardwood floors and tasteful upgrades. There is a private interior courtyard for tenants to enjoy along with laundry facilities and BBQ / sitting area. Off the alley are seven over-sized garages and a storage unit which generate additional income. Via modern interior renovations there is immense rental upside potential, in some cases as much as $1,000/mo in room to increase rents. The world famous Windansea Beach is a block away from the property which is by far the most attractive and irreplaceable amenity the property offers. It is truly a living space in which, "there are no bad days.
    Exterior Features

    Units With Garages 7

    Interior Features

    Baths Unit1 1 Bedrooms Unit1 1 Sq Ft Of Improvement 8168

    Property Features

    Actual Gross Scheduled Income 281400 Actual Operating Expense 122723 Assumable Finance 0 Complex Features Other/Remarks Gross Equity 6500000 Gross Multiplier 23.1 Have Units Leased Apartments 11 Mandatory Remarks None Known Market Area Coastal South Monthly Rent Total 22225 Motive Want Exchange Other Income Amount 1225 Projected Cap Rate 3.9 Projected Gross Multiplier 16.9 Projected Gross Scheduled Inc 385560 Unit Number1 11 Unit Rent Total1 21975 Unit Rent1 $1725-$2250

    Listing provided courtesy of The Browar Group. Listing information © 2018 San Diego MLS, Inc.
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130