Sold

236 Prospect Street

La Jolla CA, 92037

$5,925,000


Sold

Commercial

Listed by Mary Ellen Morgan with Gallery Properties 858-454-0555

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%.

120057386

MLS ID

March 18, 2024

Updated

Map

236 Prospect Street
La Jolla CA, 92037

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.43 Acres

Other Property Details

Area Name

92037 - La Jolla


Days on Market

142


Garage

No


Parking Total

0


View

No


County

San Diego


Pool

No


Zoning

LJPD-5

Listing Contact: 858-454-0555 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/18/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 3/18/2024 at 7:03 PM UTC

 

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