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    545-547 Fern Glen

    La Jolla, CA 92037
    • $2,850,000
    • STATUS: ACTIVE
    • ON SITE: 31 days
    • ID#: 210001986
    UPDATED: 84 min ago
    $2,850,000
    • 6
      BEDS
    • N/A
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    • 2,613
      SQFT
    • $1,091
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1970
    County:

    Description

    RARE 3 on 1! Three DETACHED homes on prime WINDANSEA lot. 2 of the 3 cottages are recently renovated. Front house has new roof, flooring and fixtures in bathrooms and kitchen, granite countertops, washer/dryer, light fixtures, ceiling fans and 2 parking spots, enclosed deck and private use patio and garden area. The rear house has all new bathrooms, lighting fixtures and ceiling fans, carpet, oven, washer/dryer and includes a private patio and 2 parking spots. Middle house has private patio and 1 pkg spot Lot size is 7687 sq ft, zoned RM 1-1. Current leases generate $109,000/yr in gross rents and front and middle houses have built-in income upside. Relax and continue to receive consistent market rental income or redevelop with condo map and rebuild for endless potential including ocean views! Within a five-minute walk to beaches, La Jolla schools, restaurants and Farmers Market, this property has it all! Buyer to confirm all square footage. Photos are virtually staged. DO NOT DISTURB TENANTS.

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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.
    www.sellsandiego.com/homes/113587381
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    545-547 Fern Glen La Jolla, CA 92037

    • Price: $2,850,000
    • Status: ACTIVE
    • Updated: 84 min ago
    • ID#: 210001986
    6
    Beds
    5
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,613
    SQFT
    $1,091
    $/SQFT
    1970
    Built
    Neighborhood:
    Windansea
    County:
    San Diego
    Area:
    La Jolla (92037)
    Elementary School:
    San Diego Unified School District
    Middle School:
    San Diego Unified School District
    High School:
    San Diego Unified School District
    Property Description
    RARE 3 on 1! Three DETACHED homes on prime WINDANSEA lot. 2 of the 3 cottages are recently renovated. Front house has new roof, flooring and fixtures in bathrooms and kitchen, granite countertops, washer/dryer, light fixtures, ceiling fans and 2 parking spots, enclosed deck and private use patio and garden area. The rear house has all new bathrooms, lighting fixtures and ceiling fans, carpet, oven, washer/dryer and includes a private patio and 2 parking spots. Middle house has private patio and 1 pkg spot Lot size is 7687 sq ft, zoned RM 1-1. Current leases generate $109,000/yr in gross rents and front and middle houses have built-in income upside. Relax and continue to receive consistent market rental income or redevelop with condo map and rebuild for endless potential including ocean views! Within a five-minute walk to beaches, La Jolla schools, restaurants and Farmers Market, this property has it all! Buyer to confirm all square footage. Photos are virtually staged. DO NOT DISTURB TENANTS.
    Exterior Features

    Exterior Stucco Fencing Partial Parking Non Garage Desc Unit1 AssignedUncovered Parking Non Garage Desc Unit2 AssignedUncovered Parking Non Garage Desc Unit3 AssignedUncovered Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 3

    Interior Features

    Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 2 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 2 Units With Dryers 2 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 2

    Property Features

    Actual Cap Rate 2.5 Age Restrictions N/K Annual Expense Actual 39000 Association ID San Diego Association Of Realtors (Sdar) Buildings 3 Cfd Mello Roos Fee 0.0 Community La Jolla Complex Park N/A Cross Streets La Jolla Blvd Gross Rent Multiplier Actual 25.8 Gross Scheduled Income Actual 110100 Gross Scheduled Income Project 118800 Mandatory Remarks None Known Market Area Coastal South Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays WaterCable TvElectricity Terms CashConventional Unit1 Deposit 3900 Unit1 Occupied Tenant Unit1 Projected Rent 4500.0 Unit1 Rent Actual 3900.0 Unit2 Deposit 500 Unit2 Occupied Tenant Unit2 Projected Rent 1500.0 Unit2 Rent Actual 1175.0 Unit3 Deposit 4100 Unit3 Occupied Tenant Unit3 Projected Rent 4100 Unit3 Rent Actual 4100.0 Water District City Of San Diego

    Listing provided courtesy of Billionaires Row. 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