Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    6628 La Jolla Blvd. San Diego, CA 92037

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,800,000

    Multifamily property with RM-7 zoning, suitable for medical building.

    Type:Investment
    Added:
    Apr 24, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 24 at 3:46 pm

    Property Features for 6628 La Jolla Blvd.

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1923

    We can help!

    Listing Contact
    James Shultz

    Listing agent James Shultz License #00669672

    Listing office

    Listing date Apr 24, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of James Shultz

    Overview

    La Jolla Multifamily/Medical Building

    This property, currently used as three residential rental units, is zoned RM-7, making it suitable for a medical building or clinic. It has been used successfully by doctors, dentists, and chiropractors in the past. The building features thermopane dual-glazed windows, updated kitchens and baths, porcelain tile flooring, and enclosed cement patios. The property is well-maintained in its current condition, but it offers possibilities for a new medical facility with living quarters. Several interior walls can be easily moved to create different configurations. Located just two short blocks from Windansea Beach in La Jolla, the property benefits from ocean breezes and a favorable climate. The location is considered very walkable, with a walk score of 87, and somewhat bikeable, with a bike score of 44. Public transportation is available, indicated by a transit score of 32.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Spa & Massage Center Hair Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • La Jolla Veterinary Hospital — 7520 Fay Ave, La Jolla, CA 92037
    • La Jolla Pet Resort at La Jolla Veterinary Hospital — 7520 Fay Ave, La Jolla, CA 92037
    • Windan' Sea Veterinary Clinic — 6911 La Jolla Blvd, La Jolla, CA 92037
    • 5000 Vets — 7580 Fay Ave, La Jolla, CA 92037
    • breed risk prevention — 7514 Girard Ave, La Jolla, CA 92037

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.2711107
    Latitude
    32.8158002

    Nearby Similar for Sale

    • $815,000
      1,524 SF

      Industrial Condo Near Otay Border

      Industrial condominium near Otay Border truck crossing with warehouse space.
      10050 Via De La Amistad, San Diego, CA 92154
      View Details
    • $8,995,000
      9,112 SF

      San Diego Multifamily Investment Opportunity

      NNN leased 26-unit property with repositioning potential.
      4017 42nd St, San Diego, CA 92105
      View Details
    • $2,356,000
      7,192 SF

      San Diego Commercial/Industrial Flex Space

      Multi-use commercial/industrial flex space in a sought-after San Diego location.
      3065 Beyer Boulevard, San Diego, CA 92154
      View Details
    • $1,000,000
      3,900 SF

      San Diego Quadruplex Investment Opportunity

      Four-unit property with income potential in San Diego, California.
      2949 Logan Avenue 55, San Diego, CA 92113
      View Details
    • $850

      Furnished Offices Near Pacific Beach

      Furnished offices with amenities, near the ocean in Pacific Beach.
      4526-38 CASS STREET, San Diego, CA 92109
      View Details
    • $799,000
      2,700 SF

      San Diego Commercial Auto Shop

      Commercial auto body shop with a separate 2-bedroom home.
      3814 Acacia Street, San Diego, CA 92113
      View Details
    • $8,200,000
      10,162 SF

      Point Loma Multifamily Investment Opportunity

      Rare 7-unit property with condo conversion potential near Ocean Beach.
      4930 W Point Loma Blvd, San Diego, CA 92107
      View Details
    • $2,295,000
      4,148 SF

      San Diego Multifamily Investment Opportunity

      Classic 6-unit apartment building in San Diego's Hillcrest/Uptown.
      3409-21 5th Avenue, San Diego, CA 92103
      View Details
    • $2,500,000
      3,396 SF

      San Diego Retail Auto Facility

      Retail auto repair facility with long-term tenant in San Diego.
      4491 Park Boulevard, San Diego, CA 92116
      View Details
    • $2,250,000

      Retail Opportunity Near Ocean Beach

      Retail building with bonus studio, steps from Ocean Beach.
      4975 Newport Ave., San Diego, CA 92107
      View Details
    • $2,950,000

      Commercial Property Near Downtown San Diego

      Income-generating commercial asset with long-term tenants and growth potential.
      2751-2771 Imperial Avenue, San Deigo, CA 92101
      View Details
    • $1,600,000
      68 SF

      San Diego Multifamily Investment Opportunity

      Income property with potential to add six units.
      2499 Tuberose St, San Diego, CA 92105
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Multifamily property with RM-7 zoning, suitable for medical building.
    Where is this medical office space located?
    The property is located at 6628 La Jolla Blvd. San Diego, CA.
    What is the asking price?
    The asking price for this property is $2,800,000.
    What are key features of this property?
    This property features: RM‑7 Zoning ideal for medical building/clinic.; Two blocks to Windansea Beach.; High walkability score (87).
    (858) 354-0000
    We can help!
    Listing Contact
    James Shultz
    Real Estate License ID: 00669672
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!