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242 Rosemont Street, La Jolla, CA 92037
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$7,500,000
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Home Details for 242 Rosemont Street
Price
$7,500,000
Type
commercial/industrial
County
San Diego
MLS®️ Listing#
230001876SD
On exitrealty.com
248 days
Property Description
Rosemont at WindanSea, a rare double parcel 9-unit residential community located just yards from WindanSea Beach in La Jolla, CA. Built in 1923 (258 Rosemont upper house w/ units) & 1958 (242 Rosemont lower 4-plex), this offering is comprised of (258 Rosemont) one 3-Bed/2-Bath house, two 1-Bed/1-Bath units, two studios, three garages and the 4-plex (242 Rosemont) which are all spacious 2Bed/2Bath floorplans. The entire property has one water meter and has been operated as 1 community even though these could be broken into 2 separate properties with the addition of a new water meter / sewer line on the lower 4-plex; permits and City approval required. Total rentable square footage equals 7,475 on a total of 17,459 feet of land. Both parcels make up seven (7) lots ideally positioned for "half lot" new townhomes which have been built in the immediate neighborhood - see Plat Map for lot info. This presentation will be ideally situated for the following *: 1. Development a. Aggressive management while receiving rental income through permit and planning process. 2. Capital Infusion a. Upper 258 Rosemont lot based on allowable FAR with City. 4-plex units are in near original condition. 3. Homeowner a. Creates a compound/home on upper 258 parcel while capitalizing on the 242 Parcel 4- plex rental units. 4. Alternative Living a. Preservation minded rental owner to raise rents and/or implement short term rentals, or a hospitality / retreat angle. *buyer to verify all with City of San Diego and feasibility to develop
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Listing courtesy: Acre Investment Real Estate. Presented by: Chris Robinson
Based on information from CARETS as of 2023-08-15 21:11:32. The information being provided by CARETS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, i-Tech MLS, PSRMLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX data provided by Mobile Real Estate, LLC
Any property information referenced on this website comes from the Internet Data Exchange (IDX) program of CRISNet MLS and/or CARETS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX data provided by Mobile Real Estate, LLC
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$7,500,000
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