$4,750,000
$5,200,000
8.7%For more information regarding the value of a property, please contact us for a free consultation.
5,762 Sqft Lot
SOLD DATE : 03/19/2024
Key Details
Sold Price $4,750,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 230018435SD
Sold Date 03/19/24
HOA Y/N No
Lot Size 5,762 Sqft
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.
Location
State CA
County San Diego
Area 92037 - La Jolla
Interior
Fireplace No
Exterior
Roof Type Composition
Others
Tax ID 3512800700
Financing Cash to New Loan
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Bought with Evan Smith • eXp Realty of California, Inc.