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    7542 Herschel Ave San Diego, CA 92037

    Sponsored
    For Sale
    $2,950,000

    Prime La Jolla location, large lot, income potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6,761 square foot commercial land parcel presents a unique investment opportunity in the heart of La Jolla, California. Located at 7542 Herschel Avenue, 92037, this property boasts a highly desirable address, just steps from renowned restaurants, art galleries, grocery stores, and the breathtaking La Jolla Cove. Currently operating as a parking lot, this site offers significant income potential in its current state. However, its true value lies in its immense development potential. The large lot size and prime location provide exceptional flexibility for a wide range of projects, from boutique commercial developments to mixed-use constructions. The land value is $6,761 per square foot, reflecting the exceptional desirability of this location within San Diego County. This is a rare chance to acquire a substantial piece of land in one of San Diego's most sought-after neighborhoods, offering both immediate income and long-term growth potential. The property is situated in San Diego, California, within the 92037 zip code. This presents a compelling investment opportunity for discerning buyers seeking a prime location with significant upside. The asking price for this exceptional property is $2,950,000.

    Property Features for 7542 Herschel Ave

    General Information

    Property type
    Land

    HighLights

    • 6,761 SF commercial land parcel in prime La Jolla location (7542 Herschel Ave, 92037).
    • Currently operating as a profitable parking lot.
    • Significant development potential for boutique commercial or mixed‑use projects.
    • Land value: $6,761/SF.
    • Asking price: $2,950,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery 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
    -117.27207125386
    Latitude
    32.84114330009

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    FAQs

    What type of property is this?
    Land - Prime La Jolla location, large lot, income potential.
    Where is this land located?
    The property is located at 7542 Herschel Ave San Diego, CA.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: 6,761 SF commercial land parcel in prime La Jolla location (7542 Herschel Ave, 92037).; Currently operating as a profitable parking lot.; Significant development potential for boutique commercial or mixed-use projects.
    Request Owner's contact information
    7542 Herschel Ave San Diego, CA 92037
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    San Diego, CA 92037
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    Realmo Value Estimation

    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.

    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.

    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
    7542 Herschel Ave San Diego, CA 92037
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