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 15, 2023

Listed

February 15, 2024

Updated

Map

242-258 Rosemont Street
La Jolla CA, 92037

Interior Features

Total Stories

2


Bedrooms

7 Beds


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


Buyer Agency Compensation

1.5%

Listing History

Date

Event

Price

8/16/2023

Price Change

$7,500,000

-17%

8/16/2023

Sold

5/8/2023

Pending

Listed by Acre Investment Real Estate, Chris Robinson,
Listing Contact: 619-255-3222 

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