Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    La Jolla Multifamily/Medical Opportunity Title is generated by Realmo AI

    6628 La Jolla Blvd., La Jolla, CA 92037

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Multifamily property with medical building potential near Windansea Beach.

    Type:Multifamily
    Property size:
    1,850 SF
    Price / SF:
    $1,513/SF
    Added:
    Mar 16, 2026
    Days on Market:
    58
    Last Refresh:
    Mar 20 at 12:09 am

    Property Features for 6628 La Jolla Blvd.

    General Information

    Standard status
    Active
    Size
    1,850 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1923

    We can help!

    Listing Contact
    Irene Chandler

    Listing agent Irene Chandler License #CA

    Listing office Coldwell Banker Residential Brokerage La Jolla Prospect at Girard

    Listing date Mar 16, 2026

    Source Crexi

    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 Coldwell Banker Residential Brokerage La Jolla Prospect at Girard

    HighLights

    • RM‑7 Zoning: Ideal for medical building/clinic (doctors, dentists, chiropractors).
    • Location: Just two blocks from Windansea Beach.
    • Three Rental Units: Currently generates income as residential rentals.
    • Updated Features: Enjoy updated kitchens & baths, thermopane dual‑glazed windows, and porcelain tile flooring.
    • Flexible Configuration: Interior walls are easily movable for different layouts.
    • Well‑Maintained: Cute and well‑maintained in its current as‑is condition.

    Overview

    This property, currently utilized as three residential rental units, presents an opportunity for medical use due to its RM-7 zoning, which supports the development of a medical building or clinic. The property has been successfully used 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 state. Interior walls can be easily moved to accommodate different configurations. Located two blocks from Windansea Beach in La Jolla, the property benefits from ocean breezes and a favorable climate. The property has a size of 1850 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    La Jolla
    County
    San Diego
    State
    California
    Longitude
    -117.25
    Latitude
    32.8548

    Nearby Similar for Sale

    • $9,995,000
      3,944 SF

      La Jolla Residential Income Opportunity

      Rare opportunity to transform or maintain multi-unit rental asset.
      1303 Cave Street 15, La Jolla, CA 92037
      View Details
    • $3,195,000
      1,998 SF

      Remodeled Duplex in La Jolla

      Turnkey duplex near beaches and Village shops in La Jolla.
      7319 Cuvier St, La Jolla, CA 92037
      View Details
    • $5,995,000
      4,608 SF

      La Jolla Spanish-Style Cottage Compound

      Premier 8-unit residential income property near La Jolla Cove.
      7817-31 Exchange Pl, La Jolla, CA 92037
      View Details

    FAQs

    What type of property is this?
    Triplex - Multifamily property with medical building potential near Windansea Beach.
    Where is this triplex located?
    The property is located at 6628 La Jolla Blvd. La Jolla, 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 (doctors, dentists, chiropractors).; Location: Just two blocks from Windansea Beach.; Three Rental Units: Currently generates income as residential rentals.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Irene Chandler
    Real Estate License ID: CA
    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

    Thank You for Inquiry
    6628 La Jolla Blvd., La Jolla, CA 92037
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!