7509 Herschel AveSan Diego, CA 92037

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.