5544 La Jolla
La Jolla, CA 92037

$1,595,000

Description

This is an opportunity to own a commercial building in the Bird Rock neighborhood of La Jolla. Roughly 40% of the property is currently leased to La Jolla Vacation Rentals and 60% of the property is vacant. This provides a unique opportunity for a business operator, investor and/or developer. A business operator can purchase the building potentially with an SBA Loan and operate their business out of one suite, while collecting rent from the other tenant. An investor can purchase the property and lease out the other 60% vacant square feet and collect a healthy CAP Rate ranging between 4%-6% within the first year of ownership. A developer can take advantage of the property by building a structure that can have magnificent ocean views. Please contact the Listing Agent for a detailed Offering Memorandum on the property.

Details

MLS#190019148
StyleIndustrial
Sub-TypeLease
StatusActive
Days On Site9

Features

Story(s)0
Units2

Market Activity 92037

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Area Information

StateCA
CountySan Diego
CityLa Jolla
Zip Code92037
Listing VS Median (in 92037)
Price:
$1,595,000
low | high
Med:
$1,048,000
84.294670846395% of Average
On Site:
9
low | high
Med:
37
24.324324324324% of Average
Listing Updated: 04/18/2019
MLS Number: 190019148
Listing Provided By:
Tony Franco  of  Tony Franco Realty Inc.
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