$6,500,000

  • COMMERCIAL-RES INCOME
  • ACTIVE
  • MLS# 180028495

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.

Property Details

Property type:
Commercial-Res Income
Number of Units w/Garage:
7

Location

County:
San Diego

Additional Details

Number of Units:
11
Number of Leased Apartments:
11
Total Monthly Rent:
$22,225
Price Per Unit:
$590,909
Down Payment:
$6,500,000
Gross Equity:
$6,500,000
SqFt of Improvement:
8,168
Lot Square Footage:
11,132
Assessors Parcel #:
351-466-14-00

Unit Details

Unit 1
Number of Units:
11
Number of Bedrooms:
1
Number of Baths:
1
Rent:
$1725-$2500
Unit Rental Total:
$22,225

Features

Amenities:
Other/Remarks

Listing provided by

The Browar Group
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Beach-Barber Tract

This is a scenic and laidback area in La Jolla, located near world famous WindanSea Beach. Many of the homes here are historic and have kept their original charm. Beach-Barber Tract is close to La Jolla High School and many shops and restaurants in The Village.

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877.515.7443

Email Us

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