7415 Eads Ave — Sale in La Jolla, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: La Jolla, CA 92037

Investment Figures

Cap rate
2.22%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

7409–7415 Eads Ave is a garden-style five-plex located in the heart of The Village in La Jolla. The property sits on a beautifully landscaped 10,530 sq. ft. (.24-acre) lot and offers significant development potential. The site includes multiple structures: a 2BR/1BA house, a 1BR/1BA cottage, two apartment units, a studio cottage, plus four private garages and additional off-street parking spaces. Current rents are below market, giving a new investor a clear path to increasing income. There is potential to build two brand-new units and to convert the four garages into two ADUs, allowing for up to four additional dwelling units. A new owner could also implement a RUBS utility reimbursement program and/or charge for the private garages to further improve cash flow. Investment Highlights: • Prime La Jolla Investment Property in the heart of the Village • Large 10,530 SF (.24 ACRE) Lot with development Potential Diverse Unit Mix (2 Br House, 1BR Cottage, Two 1BR/1Bath & a Studio) • Fantastic Unit Mix - 2 Homes, 2 Apartment Units, 1 Studio Cottage & 4 Private Garages • Development Potential - Leave existing Structures in Place and add 2 Accessory Dwelling Units (ADUs) and also the potential to convert the 4 garages into 2 additional ADUs • Potential to Increase Income by Charging for Utilities through a Tenant Utility Reimbursement Program (RUBS) • Short Walk to La Jolla Cove & Windansea Beach • Vacation Rental Upside. Average Nightly Rates = Studio - $191/night, 1BR - $250/night., 2BR - $295/night.

Market Context

This multifamily in La Jolla, CA is listed for sale. It is offered at an approximate 2.2% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 86 days. Compare it against other multifamily listings for sale in La Jolla, CA — view the full market.

Contact

Explore this market

Similar Multifamily Property for Sale in La Jolla, CA