Patty Garrison, DRE#01121864, REALTOR®
(805) 471-0680
MLS#260008673SD
STATUSActive
PROPERTY TYPECommercial - Business
Listing Courtesy of:
Marcus & Millichap
Agency Phone: 858-373-3100
Associate Name: Thomas McCartin
Listing Shown by:
Farrell Smyth, Inc.
Associate Name: Patty Garrison, DRE#01121864, REALTOR®
Property Description
Please do not disturb the tenants and please do not walk on the property!! Shown with accepted offer. 7409-7415 Eads Ave offers an investor the opportunity to own an income producing property in one of the most desirable cities in the United States. Available are 5 very well maintained units located in the Village of La Jolla. The property offers immediate upside in rents as well as the possibility to increase NOI by charging for garages and utility reimbursement. The site includes multiple structures spread out on a large lot including a 2BR/1Bath House, a Studio Cottage, a 1BR/1Bath cottage and 2 1BR/1Bath apartment units situated above 4 garages. The property sits on a .24 ACRE lot so there is development potential to add more units (4 new construction) and convert the 4 garages into dwelling units. This would increase the unit count from the current 5, up to to 9 or 11 total units. Buyer/Developer responsible for their own feasibility study.
Property Features
Property Type: Commercial - Business
Feature Descriptions
Days on Site: 5
Parcel#: 3510610100
Units: 5
Listed By / Shown By
Listed By
Agency Name: Marcus & Millichap
Agency Phone: 858-373-3100
Agent Name: Thomas McCartin
Shown By
Agent Name: Patty Garrison, DRE#01121864, REALTOR®
Agent Phone: (805) 471-0680
Agency Title: Farrell Smyth, Inc.
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7409 Eads Ave | MLS# 260008673SD
This commercial property located at 7409 Eads Ave, La Jolla, CA 92037 is currently listed for sale with an asking price of $4,850,000. Search La Jolla real estate on pattygarrison.farrellsmyth.com today.