SOLD-November 2019 $6.5M. The International Shops of La Jolla

1237 Prospect St. La Jolla, CA. 92037

$7,150,000 USD

Property Overview

UPDATE: NOW SOLD.

Capital Growth Properties is pleased to present the opportunity to purchase this one of a kind retail/office opportunity located in one of San Diego’s most sought after communities. This highly desirable location is situated in the heart of La Jolla’s vibrant restaurant & retail corridor and within close proximity to world famous hotels and beaches.

The property consists of a rectangular shaped parcel of land containing approximately 24 units which is situated on approximately 0.213 acres and is improved with a 1 and 2‐story retail/office building containing approximately 7,196 square feet of floor area. Located on the highly desirable Prospect Street with approximately 40 feet of frontage, this multi‐tenant retail/office building has enjoyed historically high occupancy.

Address1237 Prospect St. La Jolla, CA. 92037
Asking Price$7,150,000 ($993.00/Sq. Ft.)
Current Cap Rate4.46%
Market Cap Rate6.27%
Property SizeBuilding Area: 7,196 Sq. Ft.
Land Area: 9,300 Sq. Ft.
DescriptionOne (1) Retail/ Office building situated on 1 parcel
Current Occupancy96%
Ownership TypeFee Simple

Property Highlights

  • Prime retail/office space on prestigious Prospect Street in the
    heart of the La Jolla Shopping area
  • Charming courtyard
  • Surrounded by extraordinary world class shopping and dining
  • Thriving tourist destination and local hotspot with high daytime
    and evening foot traffic
  • Premier destination year round in one of the nation’s most
    affluent communities

Property Description

Construction Detail

Construction TypeWood Framed
Exterior Walls / FaçadeConcrete Masonry & Painted CMU
Roof DescriptionPlywood sheathing
Floor StructureConcrete slab on grade with a reinforced concrete perimeter foundations with deeper, isolated interior pad footings, interconnected with a concrete slab‐on‐grade floor system.
HVACRoof and overhead ceiling mounted HVAC
Walls and CeilingsPainted drywall with suspended acoustic tile ceilings and fluorescent lighting
Stairwell AccessServing the second floor units
Water—San Diego Water District

Sales agents

Todd Law

Todd Law


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