7342 Girard

    La Jolla, CA 92037
    • $3,300,000
    • STATUS: PENDING
    • ON SITE: 155 days
    • ID#: 190031985
    Pending
    UPDATED: 27 min ago
    $3,300,000
    • 9
      BEDS
    • 0.18
      ACRES
    • 6
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Price Reduced! A unique multifamily and redevelopment opportunity in the heart of La Jolla, one of California’s most desirable and exclusive coastal enclaves. Download Offering Memorandum at 7342GirardAve.com This property has a varied unit mix spread across a cluster of cottages creating a garden community with open spaces, private patios, and verdant landscaping. Some units are currently rented 50% under market. Favorable zoning overlays present a rare development opportunity in La Jolla Village. An architectural feasibility study has been commissioned by renowned local architect De Bartolo + Riman Studio exploring the options and a proposed 28 micro-unit development.

    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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.lajollaagent.com/homes/95743034

    7342 Girard La Jolla, CA 92037

    • Price: $3,300,000
    • Status: PENDING
    • Updated: 27 min ago
    • ID#: 190031985
    9
    Beds
    6
    Baths
    0
    ½ Baths
    0.18
    Acres
    Neighborhood:
    La Jolla (92037)
    County:
    San Diego
    Area:
    La Jolla (92037)
    Property Description
    Price Reduced! A unique multifamily and redevelopment opportunity in the heart of La Jolla, one of California’s most desirable and exclusive coastal enclaves. Download Offering Memorandum at 7342GirardAve.com This property has a varied unit mix spread across a cluster of cottages creating a garden community with open spaces, private patios, and verdant landscaping. Some units are currently rented 50% under market. Favorable zoning overlays present a rare development opportunity in La Jolla Village. An architectural feasibility study has been commissioned by renowned local architect De Bartolo + Riman Studio exploring the options and a proposed 28 micro-unit development.
    Interior Features

    Sq Ft Of Improvement 4032

    Property Features

    Actual Cap Rate 3 Actual Gross Scheduled Income 140340 Actual Operating Expense 77658 Assumable Finance 1280000 Buildings 3 Gross Equity 0 Gross Multiplier 20.3 Have Units And Redevelopment Mandatory Remarks None Known Market Area Coastal South Motive Want Cash Out Projected Cap Rate 4.29 Unit Number1 3 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 2 Unit Rent Total1 2745 Unit Rent Total2 1000 Unit Rent Total3 1500 Unit Rent Total4 2450 Unit Rent Total5 4000 Unit Rent1 915 Unit Rent2 1000 Unit Rent3 1500 Unit Rent4 2450 Unit Rent5 2000

    Listing provided courtesy of Cbre. Listing information © 2019 San Diego MLS Inc. Source: SDMLS
    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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
    Compass
    7863 Girard Ave. #208
    La Jolla CA, 92037