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    7509 Herschel Ave San Diego, CA 92037

    Sponsored
    For Sale
    $4,000,000

    7 Units, Prime La Jolla Location

    Property size:
    3,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a 7-unit multifamily property located at 7509-7513 Herschel Avenue in the desirable La Jolla community of San Diego, California. The property sits on a substantial 6,300 square foot lot and encompasses a 3,800 square foot building. The existing structure comprises six studio apartments and a separate two-bedroom, one-bathroom house, offering a diverse range of living spaces. Built in 1963 and renovated in 2016, the property benefits from on-site laundry facilities, parking, and dedicated storage areas – highly sought-after amenities in this vibrant location. Zoned R-3 under the La Jolla Planned District Ordinance (PDO), this property presents significant redevelopment potential for those seeking to expand or enhance the existing structure, given its allowance for multiple dwelling units. The asking price is $4,000,000, translating to $1,052.63 per square foot and $571,428.57 per unit. This presents a compelling opportunity to acquire a well-maintained property in a prime location with substantial upside potential. The efficient studio layouts maximize space, while the larger house provides additional living options. This property is an ideal investment for those seeking a strong return in a highly desirable San Diego neighborhood. The property's location in La Jolla, its existing income stream, and its redevelopment potential combine to create a truly unique investment opportunity.

    Property Features for 7509 Herschel Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    3,800 SF
    Class
    A

    Building Details

    Year Built/Renovated
    1963/2016
    Units
    7

    HighLights

    • 7509‑7513 Herschel Avenue, La Jolla, CA, on a 6,300 sq ft lot.
    • 3,800 sq ft building with six studio apartments and a two‑bedroom, one‑bathroom house.
    • R‑3 zoning allows for multiple dwelling units, ideal for redevelopment.
    • On‑site laundry facilities and parking.
    • Dedicated storage areas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Storage Facility Mobile Phone Store Toy Store Chinese Restaurant Laundromat Tanning Salon Adult Day Care Center Outlet Store Arcade & Gaming Center Coworking Space

    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
    -117.27146282594
    Latitude
    32.841029064756

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    FAQs

    What type of property is this?
    Multifamily property - 7 Units, Prime La Jolla Location
    Where is this multifamily property located?
    The property is located at 7509 Herschel Ave San Diego, CA.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: 7509-7513 Herschel Avenue, La Jolla, CA, on a 6,300 sq ft lot.; 3,800 sq ft building with six studio apartments and a two-bedroom, one-bathroom house.; R-3 zoning allows for multiple dwelling units, ideal for redevelopment.
    Request Owner's contact information
    7509 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
    7509 Herschel Ave San Diego, CA 92037
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