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Studios Six Apartments 7509 - 7513 Herschel Ave

7 Unit Block of Flats £3,156,000 (£450,857/Unit) La Jolla, CA 92037

Executive Summary

This unique residential offering is located at 7509-7513 Herschel Avenue, within the prestigious community of La Jolla. The property is situated on a substantial lot of 6,300 square feet, featuring a building area of 3,800 square feet that is thoughtfully designed and well-maintained.
This investment opportunity includes six studio apartments and one two-bedroom, one-bathroom house, offering a variety of living arrangements for potential tenants or redevelopment opportunities, given its R-3 zoning under the La Jolla Planned District Ordinance (PDO). This zoning supports multiple dwelling units and could be ideal for a developer looking to expand or enhance the property.
The studios are efficiently laid out, maximizing the use of space and promoting a comfortable living environment. The property includes shared, onsite laundry facilities, providing convenience for all residents in the building. The stand-alone house offers more space and privacy, featuring two bedrooms and one bathroom, perfect for small families or couples.
Additional property features include onsite parking and dedicated storage areas, which are highly desirable in the bustling La Jolla area. These facilities ensure ease of living and add significant value to the property.

Property Facts

Price £3,156,000
Price Per Unit £450,857
Sale Type Investment
No. Units 7
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.14 AC
Building Size 3,239 SF
Average Occupancy 100%
Number of Floors 2
Year Built/Renovated 1963/2016
Parking Ratio 2.16/1,000 SF

Unit Amenities

  • Microwave
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
Studios 6 - 450
2+1 1 - 1,100
Walk Score ®
Walker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
350-622-08
Land Assessment
£998,485
Improvements Assessment
£174,729
Total Assessment
£1,173,214

zoning

Zoning Code R3 (Zoning- R-3 - Multi-Family Residences)
R3 (Zoning- R-3 - Multi-Family Residences)
  • Listing ID: 32783981

  • Date on Market: 13/08/2024

  • Last Updated:

  • Address: 7509 - 7513 Herschel Ave, La Jolla, CA 92037

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