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Fernando Menezes

Fernando Menezes
CalBRE #01733985
Berkshire Hathaway HomeServices California
La Jolla, CA 92037

619-929-8474
Contact Me

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Listing 7 out of 171
$2,795,000 For Sale

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

1 unit | Multi Family 5+ - MLS# 190007247
Property Photo
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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 with wood frame construction, multiple balconies, bamboo floors, surround sound, fiberglass windows, rooftop deck, and high ceilings. Comprised of 800 SF retail suite occupied by Pacific Sotheby's International and has been at this location since 2015. The second and third floor townhome is comprised of 2,276 SF, featuring 3 BR and 3BA, with an elevator, a loft, 2 car garage, and five balconies with ocean views. This unit is utilized as a vacation rental and comfortably houses as many as 8 guests.

Features

  • Property Type: Multi Family 5+
  • Sub Type: Multi Family 5+
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 92037
  • Age: 17
  • Stories: 3 Story
  • Units: 1 unit
  • Zoning: Commercial
  • # of Baths (2): 3
  • # of Bedrooms (2): 3
  • # of Buildings: 1
  • # of Stories: 3
  • # of Units (1): 1
  • # of Units (2): 1
  • # of Units w/Garage: 1
  • Actual Gross Schd Income: 47244
  • Actual Operating Expense: 14173
  • Amenities: Elevator
  • Cap Rate Projected: 4.09
  • Cooling: Central Forced Air Elec, Central Forced Air Gas
  • Floor Covering: Hardwood
  • Floors: Wood
  • Heating: Central Forced Air Elec, Central Forced Air Gas
  • Listing Area: LA JOLLA (92037)
  • Lot SqFt: 2178
  • Parking: Garages, 2-Car
  • Proj Gross Operating Inc: 165466
  • Proj Operating Expense: 47053
  • Proj Vacancy & Credit Los: 28320
  • Proj. Gross Sched. Income: 188844
  • Projected Net Income: 118413
  • Projected Other Income: 4942
  • Roof: Tile
  • Siding: Wood Deck
  • SqFt Source: Buyer to Verify
  • SqFt of Improvement: 3076
  • Unit Rent Total (1): 47244
  • Unit Rent Total (2): 141600
Courtesy of Marcus & Millichap



Fernando Menezes | CalBRE #01733985 | 619-929-8474 | Contact Me
1299 Prospect Street - La Jolla, CA 92037
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