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    7421 La Jolla Blvd. San Diego, CA 92037

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    For Sale
    $2,500,000

    Multifamily property redevelopment site in prime La Jolla location.

    Type:Commercial
    Added:
    Apr 24, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 24 at 3:46 pm

    Property Features for 7421 La Jolla Blvd.

    General Information

    Standard status
    Active
    Property subtype
    Commercial

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    Listing Contact
    Joseph Burrough

    Listing agent Joseph Burrough

    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 Joseph Burrough


    Overview

    La Jolla Multifamily Redevelopment Opportunity

    Located in La Jolla, this multifamily property and redevelopment site is situated 3.5 blocks from Marine Street Beach, on a commercial and mixed-use thoroughfare. The property is within walking distance of schools, shopping, dining, beaches, and parks. Currently, the property features five single-story units built in the 1950s. The buildings and interiors require improvements to achieve market rents. The property's value lies in the land and its redevelopment potential. It is located in the Complete Communities Coastal Height Overlay Zone, allowing for up to a 2.5 FAR (approximately 12,637 square feet) for new development, if guidelines are followed, including lower-income units. The base zoning is LJPD-4, allowing for about a 1.3 FAR build out by right, if all market rate units are desired. The current unit mix includes two studios, two one-bedroom, one-bathroom units, and one two-bedroom, one-bathroom unit. There are three surface off-street parking spaces in the front. This property presents an opportunity to acquire and re-develop a mixed-use asset in a coastal sub-market, near beaches, dining, and shopping. It is suitable for someone with their own business and the capacity to develop a storefront on a street, with multifamily units for income potential after build out. New construction at maximum allowable building height offers ocean view potential. A design that implements rooftop sunset and ocean view decks or balconies may be ideal to attract renters at top of market rents for the area. The location has a walk score of 87, making it very walkable, a bike score of 44, making it somewhat bikeable, and a transit score of 32, indicating some transit options.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Storage Facility Arcade & Gaming Center Mobile Phone Store Catering Service Restaurant (Bike/Boat/Book/etc) Store Fish Market Restaurant Adult Day Care (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.2759654
    Latitude
    32.8307961

    FAQs

    What type of property is this?
    Commercial land - Multifamily property redevelopment site in prime La Jolla location.
    Where is this commercial land located?
    The property is located at 7421 La Jolla Blvd. San Diego, CA.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Prime La Jolla location, just 3.5 blocks from Marine Street Beach and walking distance to amenities.; Significant redevelopment potential with Complete Communities Coastal Height Overlay Zone, allowing up to 2.5 FAR.; Opportunity to develop a mixed‑use property with a storefront and multifamily units.
    More about this property
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