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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

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