315 Prospect Street
315 Prospect Street La Jolla, California 92037 United States

$4,825,000
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The Browar Group is pleased to present this jewel of a value add opportunity in The Village of La Jolla, the Ocean View Apartments. The property is legally 8 units consisting of large (4) 2BR 1BA and (4) 1BR 1BA units. Currently, the property...

The Browar Group

Listing Courtesy of The Browar Group
$4,825,000
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.18 Acres
Exterior
Commercial
Property type
210027284
Web Id
210027284
MLS ID
San Diego City Unified
School District
66
days ago
This Property is Currently Contract Pending

About 315 Prospect Street

The Browar Group is pleased to present this jewel of a value add opportunity in The Village of La Jolla, the Ocean View Apartments. The property is legally 8 units consisting of large (4) 2BR 1BA and (4) 1BR 1BA units. Currently, the property operates as (7) units, with the sellers converting a 2BR and a 1BR into a non-conforming 3BR 3BA unit with 2 kitchens and 2 front entrances. Those "2" units will be delivered vacant. The property also features 6 one car garages, laundry on-site, and a charming garden style courtyard. Two units have patios or decks as well as ocean views. Through heavy renovation of the property, there is large upside in the rents for an astute investor to capture. Lastly, with a Walk Score of 87 and first time to market in 50 years, the Ocean View Apartments encompasses all a legacy asset entails. CALL FOR OFFERS: Saturday October 2 at 5PM

Listing Courtesy of The Browar Group

features

Additional Listing Type
In Contract

ADDITIONAL INFORMATION

Number of Units
8
Listing Courtesy of The Browar Group
This La Jolla Commercial is for Sale at $4,825,000 USD. Has on a lot of .18 Acres.

 

The Browar Group

Listing Courtesy of The Browar Group
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