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504 Nautilus St

La Jolla, CA 92037
  • $4,750,000
  • STATUS: Closed
  • ON SITE: 363 Days
  • ID#: 230018435SD
Sold - 03/19/2024
$4,750,000
SOLD - 03/19/2024
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Listing Agent(s): Eric Comer of Eric D. Comer, Broker (858-509-1200)


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 Diegos educational and commercial core with one of Southern Californias premier malls at Westfield UTC. With a walk score of 83, the property is walking distance to many of San Diegos finest restaurants and some the best beaches in the United States.

Sold by Evan Smith of eXp Realty of California, Inc..

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-09-18T09:29:33.02. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Nelson Team | American Home Realty. Licensed in the State of California, USA.
www.nelsonteamrealestate.com/homes/143566698
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504 Nautilus St La Jolla, CA 92037

  • Price: $5,200,000
  • Status: Closed
  • On Site: 363 Days
  • Updated: 47 min ago
  • ID#: 230018435SD
0
Beds
0
Baths
0
½ Baths
0.13
Acres
Neighborhood:
92037 - La Jolla
County:
San Diego
Area:
92037 - La Jolla
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 Diegos educational and commercial core with one of Southern Californias premier malls at Westfield UTC. With a walk score of 83, the property is walking distance to many of San Diegos finest restaurants and some the best beaches in the United States.
Exterior Features

Construction Materials FrameStucco Parking Total 0 Roof Composition

Interior Features

Cooling YN Yes Heating YN No

Property Features

Association Fee 0 Buyer Financing Cash to New Loan Cap Rate 4.02 Gross Scheduled Income 335328 Listing Agreement Seller Reserved Operating Expense 117175 Property Sub Type Mixed Use



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-09-18T09:29:33.02. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Nelson Team | American Home Realty. Licensed in the State of California, USA.
 
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The Nelson Team | American Home Realty
10 Via Del Tesoro
San Clemente CA, 92673
Listing Agent(s): Eric Comer of Eric D. Comer, Broker (858-509-1200)