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7601 Eads Ave

La Jolla, CA 92037
  • $10,000,000
  • STATUS: ACTIVE
  • ON SITE: 39 Days
  • ID#: 240027829
UPDATED: 47 min ago
$10,000,000
  • 2
    BEDS
  • 0.3
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

12 Units in the rarely traded Village of La Jolla. Long term ownership has meticulously maintained the property with professional management. Huge upside by updating the units to achieve market rents which are about 20% higher. Increase NOI with a RUBS Program, charge for parking as well as on site storage lockers. All units are 2BR/2Bath averaging 1,025 SF. Plenty of gated and off street parking spaces. Phenomenal La Jolla location with beautifully maintained curb appeal! This is a must see for an investor looking for a turnkey property in one of the most desirable coastal cities in the country.

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San Diego MLS logo 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 © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/158465554
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7601 Eads Ave La Jolla, CA 92037

  • Price: $10,000,000
  • Status: ACTIVE
  • On Site: 39 Days
  • Updated: 47 min ago
  • ID#: 240027829
2
Beds
2
Baths
0
½ Baths
0.3
Acres
Neighborhood:
La Jolla (92037)
County:
San Diego
Area:
La Jolla (92037)
Property Description
12 Units in the rarely traded Village of La Jolla. Long term ownership has meticulously maintained the property with professional management. Huge upside by updating the units to achieve market rents which are about 20% higher. Increase NOI with a RUBS Program, charge for parking as well as on site storage lockers. All units are 2BR/2Bath averaging 1,025 SF. Plenty of gated and off street parking spaces. Phenomenal La Jolla location with beautifully maintained curb appeal! This is a must see for an investor looking for a turnkey property in one of the most desirable coastal cities in the country.
Exterior Features

Carports 24 Construction Stucco Parking Spaces Total 24

Interior Features

Sq Ft Of Improvement 12298 Unit Furnished1 No Units With Dishwashers 12 Units With Disposals 12 Units With Drapes 12 Units With Ranges 12 Units With Refrigerators 12

Property Features

Actual Cap Rate 3.58 Actual Gross Scheduled Income 559020.0 Actual Operating Expense 200972 Assumable Finance 0 Buildings 1 Gross Equity 10000000 Gross Multiplier 17.89 Have 12 Apartment Units Leased Apartments 12 Mandatory Remarks None Known Market Area Coastal South Monthly Rent Total 46585 Motive Want cash out Projected Cap Rate 5.15 Projected Gross Multiplier 13.89 Projected Gross Scheduled Inc 720000 Projected Operating Expense 208781 Projected Other Income 18000 Short Sale No Unit Number1 10 Unit Rent Total1 46585 Unit Rent1 $3600-$4195

San Diego MLS logo Listing provided courtesy of Thomas Mccartin of Marcus & Millichap: 858-373-3100. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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4138 Napier St.
San Diego CA, 92110