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Property profile & analytics
FOR SALE
Parking lots & garages

7542 Herschel Ave La Jolla, CA 92037

0.16 ac lot
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-6742770
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING GARAGE, PARKING STRUCTURE
Lot 0.16 ac (6,761 SF)
Zoning code R-3:RESTRICTED MULTIPLE
APN 350-621-11-00
UPID US09-6742770
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
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Owner & transaction history
Rancho Girard LLC · 11 yrs held
Rancho Girard LLC
since 2014
3 recorded transactions
2014
$3.4M
2005
Price N/A
1969
Price N/A
Zoning & alternative use
R-3:RESTRICTED MULTIPLE · La Jolla, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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