Sold
242-258 Rosemont Street
La Jolla CA, 92037
$7,500,000
$1,003.34 per sqft
Sold
7 Beds
7,475 sqft
Commercial
Rosemont at WindanSea, a rare double parcel 9-unit residential community located just yards from WindanSea Beach in La Jolla, CA. Built in 1923 (258 Rosemont upper house w/ units) & 1958 (242 Rosemont lower 4-plex), this offering is comprised of (258 Rosemont) one 3-Bed/2-Bath house, two 1-Bed/1-Bath units, two studios, three garages and the 4-plex (242 Rosemont) which are all spacious 2Bed/2Bath floorplans. The entire property has one water meter and has been operated as 1 community even though these could be broken into 2 separate properties with the addition of a new water meter / sewer line on the lower 4-plex; permits and City approval required. Total rentable square footage equals 7,475 on a total of 17,459 feet of land. Both parcels make up seven (7) lots ideally positioned for "half lot" new townhomes which have been built in the immediate neighborhood - see Plat Map for lot info. This presentation will be ideally situated for the following *: 1. Development a. Aggressive management while receiving rental income through permit and planning process. 2. Capital Infusion a. Upper 258 Rosemont lot based on allowable FAR with City. 4-plex units are in near original condition. 3. Homeowner a. Creates a compound/home on upper 258 parcel while capitalizing on the 242 Parcel 4- plex rental units. 4. Alternative Living a. Preservation minded rental owner to raise rents and/or implement short term rentals, or a hospitality / retreat angle. *buyer to verify all with City of San Diego and feasibility to develop
230001876
MLSⓇ ID
January 28, 2023
Listed
November 23, 2024
Updated
Map
242-258 Rosemont Street
La Jolla CA, 92037
Interior Features
Total Stories
2
Bedrooms
7
Appliances
Range, Refrigerator, Disposal
Laundry Description
Owned
Floor Description
See Remarks, Concrete, Tile, Carpet
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s), Other
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.4 Acres
Lot Features
Landscaped
Roof
Composition, Tile
Other Property Details
Area Name
Coastal South
Taxes
$109,472
Tax Frequency
Annually
Days on Market
113
Garage
Yes
Parking
Carport, Garage, Spaces
Parking Total
10
View
No
County
San Diego
Pool
No
Zoning
RM 1-1
Listing History
Date | Event | Price |
---|---|---|
8/16/2023 | Price change | $7,500,000 -17% |
8/16/2023 | Sold | $7,500,000 |
5/8/2023 | Pending | — |
Listed by Acre Investment Real Estate, Chris Robinson,
Listing Contact: 619-255-3222
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Data last updated 12:08 AM UTC, 11/23/2024