La Jolla, CA 92037,236 Prospect Street
La Jolla, CA 92037,236 Prospect Street
La Jolla, CA 92037,236 Prospect Street
7
$5,925,000
$6,300,000
6.0%
Est.Price: ?

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0.43 Acres Lot

236 Prospect Street La Jolla, CA 92037

Est. payment /mo
SOLD DATE : 06/07/2013

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Tina Kaminsky Phillips

Tina Kaminsky Phillips

+1(310) 873-8462

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $5,925,000

Property Type Commercial

Sub Type MixedUse

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 120057386

Sold Date 06/07/13

HOA Y/N No

Lot Size 0.427 Acres

Property Description

Amazing property and location! Largest land offering of income property in La Jolla- 1 block to the ocean. Hotel type income in a quiet residential beach area know as "Redwood Hollow" Redwood Hollow offers a charming cottage experience, many units have fireplaces and patios. Package listing consisting of 2 legal lots, 11 units in total 242-254 Prospect St, which consists of 8 units 11,621 sf lot designated Historic Site #347 see listing for "Mills Act" property tax details. 236-240 Prospect St lot size is 7000 s.f. not designated HIstoric. Both properties are currently rented as daily weekly and monthly rentals, TOT licenses for 8 units. Great income property for savvy creative clients. Owner has begun to work with a Boutique Hotel Management company to upgrade units, improve marketing and determine current rental income. Redwood Hollow enjoys reliable return clients along with client referrals. Mills act property taxes are reassessed after COE typical tax savings vary between 30-70%.

Location

State CA

County San Diego

Area 92037 - La Jolla

Zoning LJPD-5

Interior

Fireplace No

Others

Tax ID 3504002000

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California Regional MLS (CRMLS)
Listed by Mary Ellen Morgan • Gallery Properties
Bought with Anni Grimes • SVN Asset Advisory Group

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Tina Kaminsky Phillips

Agent | CalBRE# 01828048

+1(310) 873-8462

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