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Six-Unit Apartment Building
For Sale
$5,250,000

428-38 Rosemont St, La Jolla, CA 92037

Corner-lot property with dual street frontage, alley access, and four one-car garages.

Property Size4,571 SF
Lot Size0.21 Acres
Price / SF$1,148
Days on Market242

Property Features for 428-38 Rosemont St

General Information

Standard status Active
Size 4,571 SF
Total Parking Spaces 4
Lot size 0.21 Acres
Property subtype Multi-Family

Financials

Asking Price $6,900,000
Cap Rate 3.25%
Gross Rent Multiplier 19.3

Units

Unit Mix Two 2BR/2BA approx 900 Sq ft, Two 2BR/1BA approx 800 sq ft, Two 1BR/1BA approx 600 SqFt
Multifamily Units 6

Additional Details

Road Access Yes

Building Details

Buildings 1
Listing Agency: Robert Realty
Listed By: Robert Antoniadis robert@robertrealtysd.com
Source: Findahomenorthcountysandiego
Added: Jan 1 Changed: Aug 30 Last Checked: Aug 30 at 5:04PM

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 six-unit apartment property contains 4,571 square feet of living area across two 2BR/2BA units of approximately 900 square feet, two 2BR/1BA units of approximately 800 square feet, and two 1BR/1BA units of approximately 600 square feet. Four of the six units are identified as renovation-ready and vacant. The property also includes four one-car garages.

Set on a flat corner parcel in La Jolla, the property has dual street frontage along Rosemont and Electric with alley access. Neptune Beach and Windansea Beach are approximately 0.2 miles away, and the surrounding area includes retail, dining, and personal services within walking distance. The coastal setting includes Pacific Ocean views from the coastal bluff, while nearby education, healthcare, biotechnology, research, tourism, and professional-services employment support the local economic base.

Key Highlights

  • Six apartment units totaling 4,571 square feet of living area
  • Unit mix includes two 2BR/2BA, two 2BR/1BA, and two 1BR/1BA units
  • Four of six units are renovation ready and vacant

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Dental Office Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

416
Businesses Nearby

Demographics for 92037, CA

41,260
Population
19,628
Households
2.1
Avg Household Size
43
Median Age
76%
College-Educated
98%
High-School Grad
12.0 sq mi
ZIP Area
3,438
Density / Sq Mi
$141,822
Median Household Income
$64,545
Median Earnings
$2,632
Median Rent
$1,857,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Corner-lot property with dual street frontage, alley access, and four one-car garages.
Where is this apartment building located?
The property is located at 428-38 Rosemont St 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 apartment units totaling 4,571 square feet of living area; Unit mix includes two 2BR/2BA, two 2BR/1BA, and two 1BR/1BA units; Four of six units are renovation ready and vacant
More about this property
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