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> > > 7556 Herschel Avenue

7556 Herschel Avenue
La Jolla, California 92037 United States

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Details for 7556 Herschel Avenue

 
Price:
$1,295,000 
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Property Type:
Commercial
Web Id:
150043974
MLS ID:
150043974
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School District:
SAN DIEGO UNIFIED
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About 7556 Herschel Avenue

South Coast Commercial, INC is please to present this amazing opportunity in the heart of La Jolla. For sale is approx. 10,000sqft of land that has an apartment building on it consisting of 14 units (14-1br/1ba, 5 garages and 6 off street parking spaces) in which there is a ground lease (with ZERO Lessor responsibilities what so ever - NNN) ending in May of 2055. At the expiration of the lease the building and all improvements revert back to the Lessor. What an opportunity to buy a property today at 20 cents on the dollar that in 2055 could be worth over $10 Million! Lessee has rent bumps every three years through remainder of lease commencing in May 2016.

Listing Courtesy of Josh Robert Browar

PROPERTY INFORMATION

Amenities: 
Other/Remarks

Additional Information

Number of Units: 
14
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Phone: ­619-269-2266
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