$1,275,000
●
Land -
Off Market
7445 Eads Ave
La Jolla, CA 92037
Studio
0 Bath
$6,261
Est. Monthly
About This Property
Coastal Development Permit Approved!!! Incredible opportunity for
an end-user or investor to take advantage of 2 1/2 years of work
and over $125,000 spent to prepare the site for a buyer to build
their dream residence or investment property. This approx. 2,843 sq
ft back lot off of Eads Avenue is located in the heart of renowned
La Jolla Village. Buyer will receive architectural plans and
renderings done by esteemed local architect, Claude-Anthony
Marengo, coastal development permit, and a completed condo map. The
buyer has the ability to move forward with any design of their
choice so long as it is within the parameters of the plans approved
by the coastal commission. The current plans include a main
dwelling with approx. 2,900 sq ft plus an ADU of approx. 850 sq ft.
Off of the alley there would be 2 garage spaces. The highlight of
this property is its first- class, prime location with a
walkability score of 98! Walk to the beaches, famous La Jolla Cove,
and countless shops, boutiques, art galleries and restaurants of La
Jolla Village.
Unit Size
-
Days on Market
140 days
Land Size
0.07 acres
Price per sqft
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Property Type
Land
Property Taxes
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HOA Dues
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Year Built
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #240015277SD)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 20, 2024 | Sold | ||
| Sold | |||
| Oct 5, 2024 | In contract | - | |
| In contract | |||
| Aug 11, 2024 | In contract | - | |
| In contract | |||
| Jul 3, 2024 | Listed by Compass | $1,275,000 | |
| Listed by Compass | |||
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About Northern San Diego
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Listed by: Andrew Canter, Compass
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 240015277SD
Last Updated: 2 years ago
Data Source: CRMLS, MLS# 240015277SD
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