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Residential Income for sale: 428-38 Rosemont St in La Jolla

428-38 Rosemont St La Jolla

Main Photo: Residential Income for sale: 428-38 Rosemont St in La Jollabanner
$5,250,000
Prop. Type:
Residential Income
MLS® Num:
260008602
Status:
Active
Bathrooms:
8
*** Value Add Upside Potential***Renovate Ready**Rent Reposition***Ay Carumba Stabilized Coastal Multifamily Asset Market Value $6,900,000***Mediterranean Coastal Affluent Community Highly Walkable Coastal Lifestyle With Proximity To Coastal Amenities & Employment Centers*** Year Round Mild Temperatures Ranging Mid-50s to Mid-70s***92037***La Jolla Driven By Education*Healthcare*Biotechnology*Research*Tourism*Professional Services*Provide A Strong Economic Base Which Support Upscale Single Family Homes*Luxury Condominiums*Apartment Buildings* A Local Commercial Corridor Offering Convenient Access To Retail, Dining, And Personal Services Within Walking Distance Sustaining Long Term Rental Desirability & Investment Stability***0.2 Miles To Neptune/ WINDNSEA Beach *Coastal Bluff With Pacific Ocean Views ***6 Units***Total 4,571Sq Ft Of Living Area***(4/6 renovation ready and vacant)***Two 2BR/2BA approx 900 Sq ft***Two 2BR/1BA approx 800 sq ft***Two 1BR/1BA approx 600 SqFt***On A Flat Level 9,227 (95 x100) Sq Ft Prominent Usable Corner Lot Providing Dual Street Frontage (Rosemont & Electric) With Alley Access Providing Enhanced Accessibility & 4 One Car Garages (10x24)***$29,800 Long Term Monthly Market Rent/ $357,600 YR***3.25% Cap Rate***GRM 19.3***Holy Schmoly Short Term/AIRBNB Monthly Rent $50,000/$600,000 YR*** Ability to Generate Additional $127K+ per Year Converting Four (10x24) 240 Sq Ft Garages into Studios Renting For $2,650 Mth*** Going Going Gon_!
Property Sub Type:
Com-Res Income
Number of Buildings:
1
County Or Parish:
San Diego
Market Area:
Coastal South
Total Building Area:
Switch units of measure0 sq. ft.
Total Floor Area:
Switch units of measure0 sq. ft.
Total Bedrooms:
4330
Bathrooms:
8
Full Bathrooms:
3464
Half Bathrooms:
0
Structure Type:
Other/Remarks
Stories:
2 Story
Num Stories:
2
Year Built:
0
Age (in years):
Switch units of measure2,026 year(s)
Short Sale:
false
Terms:
Cash, Exchange Up, Other/Remarks
Total Actual Rent:
$7,300
Gross scheduled income:
91200.0
Projected gross operating income:
343296
Projected net Income:
226703
Projected Gross Multiplier:
14.7
Operating expense:
70000.0
Projected operating expense:
116593
Financial Information Source:
Other/Remarks
Number of Units:
6
Number of Leased Apartments:
2
Number of Units in Unit 1:
438
Number of Units in Unit 2:
436
Number of Units in Unit 3:
434
Number of Units in Unit 4:
432
Number of Units in Unit 5:
430
Number of Units in Unit 6:
428
Total Rent for Unit 1:
$4,200
Total Rent for Unit 2:
$0
Total Rent for Unit 3:
$0
Total Rent for Unit 4:
$3,100
Total Rent for Unit 5:
$0
Total Rent for Unit 6:
$0
Special Listing Conditions:
N/K
Laundry:
Owned
Construction Material:
Block
Lot Size:
Switch units of measure9,148 sq. ft.
Lot Details:
100x94
Parcel Number:
351-471-21-00
Parking Features:
Garages
Total Parking Spaces:
4
Total Non-Garage Spaces:
0
Heating:
Wall
Roof:
Composition
Floor finish:
Other/Remarks
Zoning:
RM-1-1
Listed by Robert Realty
Data was last updated April 18, 2026 at 07:10 AM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty
Data Source Logo
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego Multiple Listing Service, Inc.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 San Diego Multiple Listing Service, Inc.