Property History
Property Type
Property Type
Marketing Description
Large corner Lot approx. 11,279 SF bordering La Jolla and North Pacific Beach only blocks from the ocean. This automotive tenant occupies the front lot with building consisting of two bays, an office and large fenced parking lot.
The back residence has it's own address and frontage on adjacent street of Cass just south of La Jolla by a few blocks with 3 bedrooms and 1.5 bathrooms all recently renovated. Rents for similar 3b/2b in age and sf within blocks are renting for $4,00-=$6,000/month on 12 month leases. This increase would significantly bring up the passive income stream while awaiting the entitlement process. Many redevelopment projects have vacant buildings or vacant land and this property will cover the listed price's increase of property tax and still provide an income as a bonus.
The Lot abuts the back alley for a third access point. Both tenants have less than market value rents for a value add to new owner or could possibly be a new redevelopment location. The property sits on two famous streets in the San Diego beach area and is across the street from shops, dining, a Class A building selling for $2.4M in 1999.
The back residence has it's own address and frontage on adjacent street of Cass just south of La Jolla by a few blocks with 3 bedrooms and 1.5 bathrooms all recently renovated. Rents for similar 3b/2b in age and sf within blocks are renting for $4,00-=$6,000/month on 12 month leases. This increase would significantly bring up the passive income stream while awaiting the entitlement process. Many redevelopment projects have vacant buildings or vacant land and this property will cover the listed price's increase of property tax and still provide an income as a bonus.
The Lot abuts the back alley for a third access point. Both tenants have less than market value rents for a value add to new owner or could possibly be a new redevelopment location. The property sits on two famous streets in the San Diego beach area and is across the street from shops, dining, a Class A building selling for $2.4M in 1999.
This is a rare opportunity for someone to purchase a prized location that has not been on the market in over 35 years. A must see!
Investment Highlights
- 11,279 SF Corner Lot on Turquoise and Cass St
- Gated Lot with 12 Parking Spaces
- Zoned CC-4-2
- The following zones allow heavy commercial uses and residential uses
- CC-4-2 is intended to accommodate development with high intensity, strip commercial characteristics and permits a maximum density of 1 dwelling unit for each 1,500 square feet of lot area (prior to any bonus allowances).
- 60' Height Maximum
- Mixed-Use Redevelopment Project
- Corner Lot is 78' x 144' on Alley
- Max FAR is 2.0 without Bonus
- Located in a Transit Corridor-0.3 MI from Turquoise/Mission Blvd to La Jolla.; 0.3 MI from Sapphire/Mission Blvd. to Mission Valley, SDSU or Downtown leaving every 15 minutes or less within a 0.5 MI of Lot
- Home is located in La Jolla School Distric
- SFR 3B/2B Average Sale 2018-2019 $1,034,222, YR Built Av. 1945, and AV SF 1,079 and $958.50/SF
- 5220 Cass St. is a detached SFR 3B/2B 1406 SF (approx.) recently renovated.
- SFR rentals comped for number of B/B, sf, yr built and location garner $4,000-$6,000/m for 12 month Leases both to N and S of property. See Residential Supplement for sales and leasing comps
- Home has fenced private front and backyards and three off street designated parking spaces
- Current Tenant is M-M
Loan History
Financial History
Tax History
Contact Information
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Ownership Information
Zoning
CC-4-2 CommercialNeighborhood CommercialCommercial Community
View municipality zoning documents Upgrade to see the zone description and what's allowed on this property
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View all 188 uses
View all 188 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
Property Details
There are no additional details for this property
Contacts
Listing removed on
BY:
Lesha Montoya
•••.•••.5863
•esha@••••••••••••••••••••••.com
Listing removed on
BY:
Jim Taylor
•••.•••.8407
•••lorj@•••.com
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