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    1020-1026 S Coast Blvd.

    La Jolla, CA 92037
    • $6,825,000
    • STATUS: PENDING
    • ON SITE: 61 days
    • ID#: 210006399
    Pending
    $6,825,000
    • 14
      BEDS
    • N/A
      ACRES
    • 11
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    *INCLUDES APNs 350-031-13-00 and 350-031-19-00 We are pleased to present for sale the Shell Beach Bungalows (the “Property”), a unique multi-family property located in an irreplaceable location – the heart of La Jolla. Shell Beach Bungalows consist of ten beach bungalows in the extremely desirable Village neighborhood, across the street from the beach. The property sits across three parcels, providing an investor the opportunity to obtain attractive residential financing. The property consists of five (5) one-bedroom / one-bathroom units, three (3) two-bedroom / one-bathroom units, and two (2) two-bedroom / two-bathroom units. Some of the units have views of the beach, and select units have patios or balconies. The property recently underwent an extensive renovation. The kitchens were appointed with new cabinets, quartz countertops, fixtures, recessed lighting, and stainless-steel appliances which include a range and hood, refrigerator, and dishwasher. The bathrooms received new cabinets, quartz countertops, laminate flooring and baseboards, shower enclosure, fixtures, lighting, blinds, doors and trim, and windows as needed. The living areas and bedrooms received new laminate flooring and baseboards, ceiling fans, recessed lighting, blinds, doors and trim, and windows as needed. The Shell Beach Bungalows are equipped with community amenities such as a courtyard, barbecue area, laundry station, and a dog washing station.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
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    1020-1026 S Coast Blvd. La Jolla, CA 92037

    • Price: $6,825,000
    • Status: PENDING
    • ID#: 210006399
    14
    Beds
    11
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    La Jolla (92037)
    County:
    San Diego
    Area:
    La Jolla (92037)
    Property Description
    *INCLUDES APNs 350-031-13-00 and 350-031-19-00 We are pleased to present for sale the Shell Beach Bungalows (the “Property”), a unique multi-family property located in an irreplaceable location – the heart of La Jolla. Shell Beach Bungalows consist of ten beach bungalows in the extremely desirable Village neighborhood, across the street from the beach. The property sits across three parcels, providing an investor the opportunity to obtain attractive residential financing. The property consists of five (5) one-bedroom / one-bathroom units, three (3) two-bedroom / one-bathroom units, and two (2) two-bedroom / two-bathroom units. Some of the units have views of the beach, and select units have patios or balconies. The property recently underwent an extensive renovation. The kitchens were appointed with new cabinets, quartz countertops, fixtures, recessed lighting, and stainless-steel appliances which include a range and hood, refrigerator, and dishwasher. The bathrooms received new cabinets, quartz countertops, laminate flooring and baseboards, shower enclosure, fixtures, lighting, blinds, doors and trim, and windows as needed. The living areas and bedrooms received new laminate flooring and baseboards, ceiling fans, recessed lighting, blinds, doors and trim, and windows as needed. The Shell Beach Bungalows are equipped with community amenities such as a courtyard, barbecue area, laundry station, and a dog washing station.
    Interior Features

    Sq Ft Of Improvement 4629 Stories 2 Story

    Property Features

    Actual Gross Scheduled Income 372720.0 Actual Operating Expense 157084 Assumable Finance 0 Complex Features Bbq Gross Equity 0 Gross Multiplier 18.31 Have Apts Mandatory Remarks None Known Market Area Coastal South Motive Want Cash Out Short Sale No Sq Ft Source Buyer To Verify Unit Number1 2 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Number6 1 Unit Number7 1 Unit Number8 1 Unit Number9 1 Unit Rent Total5 2995 Unit Rent1 2395 Unit Rent2 2895 Unit Rent3 3195 Unit Rent4 3395 Unit Rent6 3200 Unit Rent7 4295 Unit Rent8 2995 Unit Rent9 3300

    Listing provided courtesy of Acre Investment Real Estate. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101