242 Rosemont Street

La Jolla, CA 92037

$7,500,000

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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

Interior Features

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Cooling Type Wall/Window Unit(s)

Listing Information

Address 242 Rosemont Street
City La Jolla
State CA
Zip 92037
County San Diego
Listing Agent Chris Robinson DRE#01346887
Courtesy Of Acre Investment Real Estate
MLS 230001876SD
Close Price $7,500,000
Close Date Monday, August 14th, 2023
Status Closed
Type Commercial
Subtype Commercial/Residential
Structure Size N/A
Lot Size N/A
DOM 100

Exterior Information

Maps

Listing information courtesy of: Chris Robinson, Acre Investment Real Estate . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 15th, 2023 at 5:05 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.