Listed by Marcus & Millichap - San Diego
$4,850,000
7409-7415 Eads Ave
Details
APN 3510610100
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,598
Units 5
Buildings 3
Stories 2
Zoning R-2
Parking Spaces 7 spaces
Parking per 1,000 SqFt 1.95
Multifamily | 5 Units
Marketing description
Please do not disturb the tenants and please do not walk on the property!! Shown with accepted offer. 7409-7415 Eads Ave offers an investor the opportunity to own an income producing property in one of the most desirable cities in the United States. Available are 5 very well maintained units located in the Village of La Jolla. The property offers immediate upside in rents as well as the possibility to increase NOI by charging for garages and utility reimbursement. The site includes multiple structures spread out on a large lot including a 2BR/1Bath House, a Studio Cottage, a 1BR/1Bath cottage and 2 1BR/1Bath apartment units situated above 4 garages. The property sits on a .24 ACRE lot so there is development potential to add more units (4 new construction) and convert the 4 garages into dwelling units. This would increase the unit count from the current 5, up to to 9 or 11 total units. Buyer/Developer responsible for their own feasibility study.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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