7542 Herschel Ave La Jolla, CA 92037
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 rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-3:RESTRICTED MULTIPLE · La Jolla, CACosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.