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$9,450,000
Est. payment /mo
0.28 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250026179
Lot Size 0.282 Acres
Acres 0.3
Property Description
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 La Jolla (92037)
Zoning LJPD-5
Interior
Heating Radiant
Flooring Vinyl
Exterior
Exterior Feature Metal Fence
Roof Type Composition,Rock/Gravel
Total Parking Spaces 26
Building
Story 3
Lot Size Range .25 through .50 Acres
Others
Space Rent $559,020
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Listed by Thomas McCartin • Marcus & Millichap