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504-10 Nautilus St

La Jolla, CA 92037
  • $5,200,000
  • STATUS: ACTIVE
  • ON SITE: 77 Days
  • ID#: 230018435
UPDATED: 212 min ago
$5,200,000
  • 1
    BEDS
  • 0.13
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

504-510 Nautilus Street is an extraordinary mixed-use property located just one block from the ocean in the prestigious beach community of Windansea, La Jolla. The subject offers six residential units and 5,494 square feet of ground floor commercial space. The highly visible property is located on the corner of La Jolla Blvd and Nautilus Street and features coastal views from each of the residential units’ private balcony. 504-510 Nautilus St offers investors the opportunity to upgrade the interior and exterior of the property, and increase rents in order to maximize their return on investment. Similarly located and recently renovated apartments are getting over $5.00 per square foot in rent. The sub-market of La Jolla is one of the most desirable markets in San Diego. The subject property will always be in high demand due to the lack of supply from the scarcity and high cost of developable land. The subject benefits from close proximity to UTC and Torrey Pines, San Diego’s educational and commercial core with one of Southern California’s premier malls at Westfield UTC. With a walk score of 83, the property is walking distance to many of San Diego’s finest restaurants and some the best beaches in the United States.

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San Diego MLS logo 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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.gellens.com/homes/143563918
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504-10 Nautilus St La Jolla, CA 92037

  • Price: $5,200,000
  • Status: ACTIVE
  • On Site: 77 Days
  • Updated: 212 min ago
  • ID#: 230018435
1
Beds
1
Baths
0
½ Baths
0.13
Acres
Neighborhood:
La Jolla (92037)
County:
San Diego
Area:
La Jolla (92037)
Property Description
504-510 Nautilus Street is an extraordinary mixed-use property located just one block from the ocean in the prestigious beach community of Windansea, La Jolla. The subject offers six residential units and 5,494 square feet of ground floor commercial space. The highly visible property is located on the corner of La Jolla Blvd and Nautilus Street and features coastal views from each of the residential units’ private balcony. 504-510 Nautilus St offers investors the opportunity to upgrade the interior and exterior of the property, and increase rents in order to maximize their return on investment. Similarly located and recently renovated apartments are getting over $5.00 per square foot in rent. The sub-market of La Jolla is one of the most desirable markets in San Diego. The subject property will always be in high demand due to the lack of supply from the scarcity and high cost of developable land. The subject benefits from close proximity to UTC and Torrey Pines, San Diego’s educational and commercial core with one of Southern California’s premier malls at Westfield UTC. With a walk score of 83, the property is walking distance to many of San Diego’s finest restaurants and some the best beaches in the United States.
Exterior Features

Construction FrameStucco Parking None Parking Spaces Total 0 Roof Composition

Interior Features

Cooling Central Forced Air ElecOther Sq Ft Of Improvement 9190 Stories 2 Story Unit Furnished1 No

Property Features

Actual Cap Rate 4.02 Actual Gross Scheduled Income 335328.0 Actual Operating Expense 117175 Assumable Finance 0 Buildings 1 Financial Information Source Owner Gross Equity 3200000 Gross Multiplier 15.5 Have 6 Apartments + 5 Retail Mandatory Remarks None Known Market Area Coastal South Monthly Rent Total 27944 Motive Want Cash Out Projected Cap Rate 5.26 Projected Gross Multiplier 12.9 Sq Ft Source Buyer to VerifyOwnerTax Record Unit Number1 6 Unit Rent Total1 13520 Unit Rent1 $2287 Unit Type ApartmentOther/Remarks

San Diego MLS logo Listing provided courtesy of Eric Comer of Eric D. Comer, Broker: 858-369-3083. Listing information © 2023 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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Maxine & Marti Gellens | Berkshire Hathaway HomeServices California Properties
7910 Girard Ave Ste 9
La Jolla CA, 92037