7556 Herschel Ave, La Jolla, CA 92037

$1,295,000 Approx. USD 0 beds, 0 baths
9,100 sqft

Agent Remarks

South Coast Commercial, INC is please to present this amazing opportunity in the heart of La Jolla. For sale is approx. 10,000sqft of land that has an apartment building on it consisting of 14 units (14-1br/1ba, 5 garages and 6 off street parking spaces) in which there is a ground lease (with ZERO Lessor responsibilities what so ever - NNN) ending in May of 2055. At the expiration of the lease the building and all improvements revert back to the Lessor. What an opportunity to buy a property today at 20 cents on the dollar that in 2055 could be worth over $10 Million! Lessee has rent bumps every three years through remainder of lease commencing in May 2016.

Listing Details

Property type: Com-Res Income (Multi-family)
MLS# 150043974
List price is $1,295,000
Beds: 0
Baths: 0
9,100 sqft
County: San Diego
Amenities: Other/Remarks
MLS area: LA JOLLA (92037)

Last Updated: 7/8/2016

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This listing belongs to the LA JOLLA (92037) MLS area

Lat/Long: 32.841732, -117.271996.
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Broker: Courtesy of Josh Robert Browar
Listing Agent: Josh Browar

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