$2,975,000
$3,350,000
11.2%For more information regarding the value of a property, please contact us for a free consultation.
6,534 Sqft Lot
SOLD DATE : 11/18/2019
Key Details
Sold Price $2,975,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision La Jolla
MLS Listing ID 190047408
Sold Date 11/18/19
HOA Y/N No
Year Built 1951
Lot Size 6,534 Sqft
Property Description
1031 Exchange Avail. Rent or build 4 new Homes.This may be one of the best locations in the world to live. Windansea is a natural water/park where you can enjoy the tropical days of paradise (fish tide pool surf enjoy the golden sand and the warm Summer water) just a few steps from these 4 lovely homes all remodeled. Property has a recorded Condo Plan with no HOA fees. 313 vacant to show which would rent for up to 6,000 per mo Regarding anticipated rental income and occupancy rates, I have attached a short term rental pro-forma for your review. The report comes from one of our sources for rental analysis that compares your Nautilus property to other like properties in or near Windansea. The report indicates the average one bedroom unit goes for $195 per night with 69% occupancy, resulting in gross income for all 4 units of approximately $197,432. Those numbers are based on your units being in the 50th percentile of comparable properties. Of course, the more “luxury” your units provide (including furnishings etc), the higher the nightly rate and occupancy. Currently lot has two separate duplexes. Seller has approved Condo Plan, 2 years in the making. The front units have a fireplaces and patio area with ocean views Neighborhoods: Beach Barber Tract Other Fees: 0 Sewer: Sewer Connected Number of Furnished Units: 1 Topography: LL
Location
State CA
County San Diego
Area 92037 - La Jolla
Building/Complex Name Windansea
Zoning R-2:MINOR
Interior
Heating Combination, See Remarks
Cooling See Remarks
Fireplace No
Appliance Electric Water Heater, Gas Water Heater
Exterior
Pool None
View Y/N Yes
View Ocean
Roof Type Composition
Private Pool No
Building
Story 1
Entry Level One
Level or Stories One
Others
Tax ID 3512621300
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
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Bought with Michelle Kearney • Berkshire Hathaway HomeService