7542 Herschel AveSan Diego, CA 92037

Property Details for 7542 Herschel Ave

Lot size

0.16 AC

Zone code

R-3:RESTRICTED MULTIPLE

Property type

Parking lots & garages

APN

350-621-11-00

APU

3506211100

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,083,306

  6.5%

  $1,923,051

  7%

  $1,785,690

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,757,449

  Geo Method

  $5,996,766

• Alternative Use

  Use

  Valuation

  Residential

  $1,622,166

  Hospitality

  $1,485,895

  Educational

  $1,236,247

  Medical

  $1,278,764

  Retail

  $1,923,051

Location Insight

City

La Jolla

County

San Diego

State

California

Latitude

32.8414

Longitude

-117.272

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.