Four-Story Mixed-Use
For Sale
$5,800,000
920 Kline Street, La Jolla, CA 92037
Mixed retail and office occupancy is supported by an updated elevator and private baths in many suites.
Property Size20,000 SF
Lot Size1.50 Acres
Price / SF$290
Days on Market47
Property Features for 920 Kline Street
General Information
Standard status
Active
Size
20,000 SF
Total Parking Spaces
60
Lot size
1.50 Acres
Property subtype
Commercial
Occupancy
100%
Financials
Asking Price
$5,800,000
Business Included
Yes
Additional Details
Furnished
Yes
Public Transit
Yes
Office Units
30
Amenities
ocean view
spacious patio
updated elevator
private baths
Building Details
Year Built
2005
Buildings
2
Stories
4
Construction
concrete
Tenancy
Multi
Owner Occupied
Yes
Listing Agency:
TSG Premier Realty
(951) 226-5454
Listed By:
Larry Lewis (larrylewis111@outlook.com)
Source:
Mrmurrieta
Added: Sep 15
Changed: Oct 26
Last Checked: Oct 30 at 1:36PM
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 TSG Premier Realty
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Investment Insights
Based on property information with market context.
Located at 920 Kline Street in La Jolla, this four-story mixed-use property contains approximately 9,579 SF of rentable area. The building includes four retail spaces and eight office spaces, with private baths serving many suites. An updated elevator provides access throughout the property, while fourth-floor offices open to a spacious patio with panoramic ocean and Village views.
The property is positioned in the Village of La Jolla, four blocks from the ocean. Its upper-level offices benefit from ocean views, and the building has a 94% leased rate. Constructed in 1963, the property occupies a 0.70-acre lot and is identified as APN 350-322-10.
The property is positioned in the Village of La Jolla, four blocks from the ocean. Its upper-level offices benefit from ocean views, and the building has a 94% leased rate. Constructed in 1963, the property occupies a 0.70-acre lot and is identified as APN 350-322-10.
Key Highlights
- Approximately 9,579 SF across 4 floors
- Tenant mix includes 4 retail and 8 office spaces
- 94% leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$482,782
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,655,640
$9.7M
Cap Rate 7%
$6,896,886
$6.9M
Cap Rate 9%
$5,364,244
$5.4M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$720.0K $36.00/SF
− Vacancy
−$30.3K −$1.52/SF
EGI
$689.7K $34.48/SF
− OpEx
−$206.9K −$10.35/SF
NOI
$482.8K $24.14/SF
Area
San Diego, CA
Vacancy
4.21%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,655,640
Cap Rate 7%
$6,896,886
Cap Rate 9%
$5,364,244
Alternative Uses
Best Use
Retail
$6.90M
$6.03M – $8.05M
NOI $482,782 @ 7.0% cap · market cap 8.32%
Second Best
Mixed Use
$5.52M
$4.83M – $6.44M
NOI $386,400 @ 7.0% cap · market cap 6.66%
Theoretical Best
Specialty Retail
$7.90M
$6.91M – $9.22M
NOI $552,960 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
30
Office units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
416
Businesses Nearby
Explore this area
Business Placement
Demographics for 92037, CA
41,260
Population
19,628
Households
2.1
Avg Household Size
43
Median Age
76%
College-Educated
98%
High-School Grad
12.0 sq mi
ZIP Area
3,438
Density / Sq Mi
$141,822
Median Household Income
$64,545
Median Earnings
$2,632
Median Rent
$1,857,800
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed retail and office occupancy is supported by an updated elevator and private baths in many suites.
Where is this mixed-use property located?
The property is located at 920 Kline Street La Jolla, CA.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: Approximately 9,579 SF across 4 floors; Tenant mix includes 4 retail and 8 office spaces; 94% leased
