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    1218 Prospect St San Diego, CA 92037

    For Lease
    $75 SF/Yr

    Prime La Jolla Office Space, Ocean Views

    Lot size:
    9,285 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional office property, located at 1218-1224 Prospect Street in San Diego, California, presents a unique investment opportunity. The 9,285 square foot building, constructed in 1945, features a blend of executive and creative office spaces across two stories. Currently, one 400 square foot private office is available, fully furnished, and includes access to shared common area amenities such as a kitchen and restroom. The building sits on a 0.2-acre lot and is zoned LJCPD, La Jolla. The property's location in the desirable La Jolla submarket of North San Diego County offers unparalleled access to the area's vibrant business community. While parking is not available on-site, the convenient location offers easy access to public transportation and nearby parking options. The building boasts a Floor Area Ratio (FAR) of 1.07, reflecting efficient space utilization. The property's unique blend of executive and creative office spaces caters to a diverse range of businesses. The available office space offers stunning ocean views, making it an ideal location for businesses seeking a prestigious and inspiring work environment. The property's address is 1218-1224 Prospect St, San Diego, CA 92037, with the Assessor's Parcel Number (APN) being 350-050-07. This is a multi-tenant building in San Diego County.

    Property Features for 1218 Prospect St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,285 SF
    Total Rate
    58031.25

    Building Details

    Year Built
    1945
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 140
    Size
    400 SF
    Rate per SF
    $75

    HighLights

    • Prime coastal office space.
    • High‑end finishes and modern amenities.
    • Exceptional visibility and accessibility.
    • Abundant natural light and stunning ocean views.
    • Flexible floor plans to accommodate various business needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    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
    -117.2723913
    Latitude
    32.8493612

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    FAQs

    What type of property is this?
    Office space - Prime La Jolla Office Space, Ocean Views
    Where is this office space located?
    The property is located at 1218 Prospect St San Diego, CA.
    What is the lease rate?
    The lease rate is $75 SF/Yr.
    What are key features of this property?
    This property features: Prime coastal office space.; High-end finishes and modern amenities.; Exceptional visibility and accessibility.
    Request Owner's contact information
    1218 Prospect St 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
    1218 Prospect St San Diego, CA 92037
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