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    7520 Mar

    La Jolla, CA 92037
    • $2,699,000 - $2,875,000
    • STATUS: ACTIVE
    • ON SITE: 112 days
    • ID#: 200036969
    $2,699,000 - $2,875,000
    • 4
      BEDS
    • 0.25
      ACRES
    • 4
      BATHS
    • 1
      1/2 BATHS
    • 4,910
      SQFT
    • $586
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Here's the Diamond in the rough that you've been waiting for with big upside. This Mid Century Modern with a historical designation was designed by the San Diego Architect Homer Delawie. Enjoy expansive 180*panoramic ocean views. Close to La Jolla Country Club, La Jolla Shores, Prospect St Restaurant's and Shops. The property is currently under construction and is 4600 plus or minus sqft including the roughed in framing upstairs and downstairs. 50% completed and conveys with approved plans.SEE SUPPLEMENT MOTIVATED SELLER! This Panoramic Ocean View Mid Century Modern property comes with a historical designation and was designed by the Iconic San Diego Architect Homer Delawie. This project is great for a sophisticated investor or a end user that loves this architectural style. (Historical Designation tax break) Consult your Tax advisor for more clarification. The Seller is open to a 8-12 month Seller carry back. Seller is open to a JV with an investor or a GC. All prospective JV partners must have real estate experience and a good track record in order to be considered. All JV partners will be vetted by Seller's attorney. Seller is currently residing in the existing 2br 2ba 1326 sqft dwelling below the street level. This Mid Century Modern with a historical designation property is under construction and the other square footage that totals the 4600 sqft is only framed in. 4 bedrooms and 4 ½ bathrooms with plans to include another ½ bath in the future home office. There is Potential for a 5th bedroom. Large lot and room for a vanishing edge pool. Copy of Approved plans and inspection card will be furnished upon request. Have had GC bids at $1,000,000 min. Current ARV is $5,500,000 to $6,000,000 based on recent comps.

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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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/108524909
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    7520 Mar La Jolla, CA 92037

    • Price: $2,699,000 - $2,875,000
    • Status: ACTIVE
    • ID#: 200036969
    4
    Beds
    4
    Baths
    1
    ½ Baths
    0.25
    Acres
    4,910
    SQFT
    $586
    $/SQFT
    1963
    Built
    Neighborhood:
    Beverly Heights
    County:
    San Diego
    Area:
    La Jolla (92037)
    Property Description
    Here's the Diamond in the rough that you've been waiting for with big upside. This Mid Century Modern with a historical designation was designed by the San Diego Architect Homer Delawie. Enjoy expansive 180*panoramic ocean views. Close to La Jolla Country Club, La Jolla Shores, Prospect St Restaurant's and Shops. The property is currently under construction and is 4600 plus or minus sqft including the roughed in framing upstairs and downstairs. 50% completed and conveys with approved plans.SEE SUPPLEMENT MOTIVATED SELLER! This Panoramic Ocean View Mid Century Modern property comes with a historical designation and was designed by the Iconic San Diego Architect Homer Delawie. This project is great for a sophisticated investor or a end user that loves this architectural style. (Historical Designation tax break) Consult your Tax advisor for more clarification. The Seller is open to a 8-12 month Seller carry back. Seller is open to a JV with an investor or a GC. All prospective JV partners must have real estate experience and a good track record in order to be considered. All JV partners will be vetted by Seller's attorney. Seller is currently residing in the existing 2br 2ba 1326 sqft dwelling below the street level. This Mid Century Modern with a historical designation property is under construction and the other square footage that totals the 4600 sqft is only framed in. 4 bedrooms and 4 ½ bathrooms with plans to include another ½ bath in the future home office. There is Potential for a 5th bedroom. Large lot and room for a vanishing edge pool. Copy of Approved plans and inspection card will be furnished upon request. Have had GC bids at $1,000,000 min. Current ARV is $5,500,000 to $6,000,000 based on recent comps.
    Exterior Features

    Exterior Unknown Fencing Other/Remarks Lot Size 7500-10889 SF Parking Garage Description DetachedGarage - Two Door Parking Non Garage Description Driveway Parking Non Garage Spaces 2 Parking Spaces Total 4 Pool N/K Residential Styles Detached Roof Rolled/Hot Mop Topography Other/Remarks View Panoramic Ocean

    Interior Features

    Bath Totals 5 Bedroom2 Dimensions 14X12 Bedroom3 Dimensions 17X14 Bedroom4 Dimensions 14X12 Bedrooms Total 5 Cooling N/K Dining Room Dimensions 19X10 Elevator Yes Equipment Available N/K Extra Room1 Dimensions 17X18 Family Room Dimensions 20X28 Fireplace Other/Remarks Fireplaces 1 Heat Equipment Other/Remarks Heat Source Other/Remarks Kitchen Dimensions 20X9 Laundry Location Other/Remarks Laundry Utilities Other/Remarks Living Room Dimensions 23X19 Master Bedroom Dimensions 18X16 Optional Bedrooms 1 Searchable Rooms Dining AreaExercise RoomFamily RoomMaster Bdrm 2Master RetreatSauna/SteamOther/RemarksKitchenAll Bedrooms DownAll Bedrooms UpFamily KitchenWalk-In Closet Stories Split Level

    Property Features

    Age Restrictions N/K Architectural Style Modern Association ID San Diego Association Of Realtors (Sdar) Cfd Mello Roos Fee 0.0 Community La Jolla Cross Streets Country Club Dr Home Owners Fees 0.0 Mandatory Remarks None Known Mandatory Remarks For Value Range Pricing Seller Will Entertain Offers Between $2699000 - $2875000 Market Area Coastal South Monthly Total Fees 0 Other Fees 0.0 Ownership Other/Remarks Pets Yes Property Condition Additions/AlterationsBuilding PermitFixerUnder Construction Property Restrictions Known None KnownOther/Remarks Sales Restrictions Call AgentOther/Remarks Sewer Septic Sewer Connected Short Sale No Terms CashConventionalSeller May CarryOther/RemarksCash To Existing Loan Water Meter On Property Water District City Of San Diego

    Listing provided courtesy of The Mavin Group West. Listing information © 2020 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 © 2020 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