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Listing 25 out of 184
$2,895,000 For Sale

2218-2220 Avenida De La Playa
La Jolla, CA 92037

2 units | Multi Family 2-4
2178 sq ft - MLS# 190012006
Property Photo
1/25

Description

2218-2220 Avenida De La Playa, in La Jolla, California. This offering represents a very rare opportunity to acquire a three-story, 3,076 SF mixed-use investment. Designed and built in 2002 by architect Dale Naegle, then renovated in 2015. Comprised of 800 SF retail suite occupied by Pacific Sotheby's International. The second floor town-home is comprised of 2,276 SF, featuring 3 BR/3BA, with an elevator, a loft, 2 car garage, and five balconies with ocean views and will be utilized as vacation rental.

Features

  • Property Type: Multi Family 2-4
  • Sub Type: Multi Family 2-4
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 92037
  • Year Built: 2002
  • Subdivision/Neighborhood: La Jolla Shores
  • Units: 2 units
  • Lot Size: 2178 sq ft
  • View: Ocean
  • Waterfront: Yes, See Frontage Features
  • # Units w/Cooling: 2
  • # Units w/Dishwashers: 1
  • # of Buildings: 1
  • # of Furnished Units: 1
  • # of Units w/Dryers: 1
  • # of Units w/Fireplaces: 1
  • # of Units w/Garage: 2
  • # of Units w/Patios: 1
  • # of Units w/Range/Oven: 1
  • # of Units w/Refrigerator: 1
  • # of Units w/Washers: 1
  • Annual Expense Actual: 25000
  • Annual Expense Projected: 47053
  • Cap Rate Actual: 3
  • Cap Rate Projected: 4.09
  • Community: La Jolla
  • Cooling: Central Forced Air
  • Fencing: Partial
  • Frontage Features: Ocean/Sand
  • Gross Rent Multiplier Act: 1
  • Gross Rnt Multiplier Proj: 15
  • Gross Sched Income Actual: 47244
  • Gross Sched Income Proj.: 188844
  • Heat Source: Natural Gas
  • Listing Area: LA JOLLA (92037)
  • Lot Description: Alley Access, Public Street, Sidewalks, West Of I-5
  • Lot Size Area: 1-3, 999 SF
  • Miscellaneous: Elevators/Stairclimber
  • Net Oper.Income Projected: 118413
  • Other Income Actual: 4942
  • Other Income Projected: 4942
  • Parking Garage Unit 1: Attached
  • Parking Garage Unit 2: Attached
  • Roof: Rolled/Hot Mop
  • Sewer/Septic: Sewer Connected
  • Siding: Wood/Stucco
  • Tenant Pays: Electricity
  • Terms: Conventional
  • Unit # for Unit 1: Retail
  • Unit 1 Estimated SqFt: 800
  • Unit 1 Exclusive Use Yard: Yes
  • Unit 1 Rent Actual: 47244
  • Unit 2 # Bedrooms: 3
  • Unit 2 # Total Baths: 3
  • Unit 2 # of Full Baths: 3
  • Unit 2 Estimated SqFt: 2276
  • Unit 2 Exclusive Use Yard: Yes
  • Unit 2 Laundry Hook Ups: Yes
  • Unit 2 Projected Rent: 141600
  • Water: Available
  • Water Heater Type: Electric, Gas
Courtesy of Marcus & Millichap

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Krystal Lane

Krystal Lane
SDHomes Enterprises
San Diego, CA 92104

858-382-5793
Contact Me

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Krystal Lane | CA DRE# 01918284 | 858-382-5793 | Contact Me
2358 University Ave #33 - San Diego, CA 92104
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