For Sale: Apartment Complex | Studio 6 | 7509–7513 Herschel Ave., La Jolla, CA 92037
7509–7513 Herschel Avenue, La Jolla, California 92037
Property Details:
- Address: 7509–7513 Herschel Avenue, La Jolla, California 92037
- Asking Price: $3,595,000
- Lot Size: 6,300 Square Feet
- Building Size: 3,800 Square Feet
- Current Occupancy: 100%
- Year Built/Renovated: 1963/2016
- Zoning: Multi-Family Residences (R-3)
Property Overview:
Introducing Studio 6, a unique and lucrative investment opportunity in the prestigious seaside community of La Jolla. This fully occupied apartment complex offers a blend of charm, modern amenities, and prime location, making it a desirable addition to any real estate portfolio. The property includes six studio apartments and a separate two-bedroom, one-bathroom house, all situated on a 6,300-square-foot lot. With six parking spaces at the rear and two in the front, the convenience offered to its residents adds substantial value to this already attractive property.
Location Highlights:
La Jolla is known for its breathtaking ocean views, upscale amenities, and vibrant cultural scene. This picturesque community, often referred to as the “Jewel of San Diego,” offers residents and visitors alike access to sandy beaches, scenic hiking trails, and world-renowned attractions such as La Jolla Cove, Torrey Pines Golf Course, and the Museum of Contemporary Art San Diego. With a diverse culinary scene and high-end shopping, La Jolla is a sought-after destination for those seeking a luxurious lifestyle and an excellent investment location.
Property Features:
- Recent Renovations: The property has been well-maintained and updated to meet modern living standards, with renovations completed in 2016.
- Onsite Parking: A total of eight reserved parking spaces to ensure convenience for all residents.
- Onsite Laundry: Shared laundry facilities provide additional convenience and appeal for tenants.
- Zoning: The R-3 zoning under the La Jolla Planned District Ordinance (PDO) supports multiple dwelling units, offering redevelopment opportunities for future expansion.
Investment Highlights:
- Condo Conversion: Convert the existing units into individually owned condominiums, capitalizing on La Jolla’s high demand for luxury housing.
- Long-Term and Short-Term Rentals: Leverage the strong rental market by leasing units long-term or short-term at competitive rates.
- New Development: Take advantage of the property’s R-3 zoning to develop a state-of-the-art residential complex. This zoning allows for the construction of a multi-story building, making it an ideal site for a high-end condominium or apartment project.
- Custom Development Projects: Consider creating a boutique residential project tailored to La Jolla’s affluent market. Options include luxury townhomes or an upscale apartment complex with top-notch amenities to attract premium tenants.
Zoning Overview:
The R-3 zoning for this property allows for a wide range of residential development opportunities. From duplexes to medium-sized apartment complexes, this zoning supports the creation of multi-family residential units. Whether you envision a modern condominium project or a luxury apartment building with exclusive amenities, this property provides the perfect canvas for a landmark development in one of San Diego’s most prestigious neighborhoods.
The sale of Studio 6 at 7509–7513 Herschel Avenue represents a rare chance to own a piece of real estate. With its combination of prime location, versatile property features, and exceptional investment potential, this property is perfectly positioned for future growth. Whether you are looking to expand your portfolio with a high-yield rental property or seeking to develop a luxury residential project, Studio 6 offers the flexibility and opportunity to realize your vision. For more information or to schedule a viewing, please contact a leasing agent below.
Price-Reduction-OM-7509-7513-Herschel-Avenue-Studio-Six-June-16-2025Sales agents
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