Multifamily Corner Lot with
428-38 Rosemont Street La Jolla, CA 92037
For Sale
$5,250,000
Six-unit multifamily property with alley access and four one-car garages on a flat corner lot.
Property Size9,227 SF
Lot Size0.21 Acres
Price / SF$568.98
Days on Market104
Property Features for 428-38 Rosemont Street
General Information
- Standard status
- Active
- Size
- 9,227 SF
- Lot size
- 0.21 Acres
- Property subtype
- Commercial-Res Income / Com-Res Income
Listing Agency:
Robert Realty
(619) 852-8827
Listed By:
Robert Antoniadis · License #01727428
(619) 852-8827
Source:
Compass
Added: Apr 11
Changed: Jul 23
Last Checked: Jul 23 at 3:24PM
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 Robert Realty
Investment Insights
Based on property information with market context.
This is a six-unit multifamily property totaling approximately 4,571 square feet of living area. The unit mix includes two 2BR/2BA units of approximately 900 square feet each, two 2BR/1BA units of approximately 800 square feet each, and two 1BR/1BA units of approximately 600 square feet each. Public remarks indicate four of the six units are remodel-ready and currently vacant.
The property sits on a flat, level corner lot of approximately 9,227 square feet with alley access. It also features four one-car garages, each approximately 10x24.
The listing address is 428-38 Rosemont Street, La Jolla, CA 92037, with remarks referencing proximity of about 0.2 miles to Windnsea Beach and Pacific Ocean access via nearby routes.
The property sits on a flat, level corner lot of approximately 9,227 square feet with alley access. It also features four one-car garages, each approximately 10x24.
The listing address is 428-38 Rosemont Street, La Jolla, CA 92037, with remarks referencing proximity of about 0.2 miles to Windnsea Beach and Pacific Ocean access via nearby routes.
Key Highlights
- Six‑unit multifamily property with 4,571 sq ft of total living area (4 of 6 units remodel‑ready and vacant).
- Unit mix: two approx 2BR/2BA (~900 sq ft), two approx 2BR/1BA (~800 sq ft), and two approx 1BR/1BA (~600 sq ft).
- Flat 9,227 sq ft (95 x 100) usable corner lot with alley access.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $293.4k | $31.80 |
| − Vacancy | −$16.1k | −$1.75 |
| EGI | $277.3k | $30.05 |
| − OpEx | −$124.8k | −$13.52 |
| NOI | $152.5k | $16.53 |
9,227 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.18M
$1.91M – $2.54M
NOI $152,504 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.64M
$3.19M – $4.25M
NOI $255,108 @ 7.0% cap · market cap 4.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
FAQs
What type of property is this?
Apartment building - Six-unit multifamily property with alley access and four one-car garages on a flat corner lot.
Where is this apartment building located?
The property is located at 428-38 Rosemont Street La Jolla, CA.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: Six‑unit multifamily property with 4,571 sq ft of total living area (4 of 6 units remodel‑ready and vacant).; Unit mix: two approx 2BR/2BA (~900 sq ft), two approx 2BR/1BA (~800 sq ft), and two approx 1BR/1BA (~600 sq ft).; Flat 9,227 sq ft (95 x 100) usable corner lot with alley access.
