7737 Herschel Ave $3,495,000

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    7737 Herschel Ave La Jolla, CA 92037

    • 0.16 Acres
    • Commercial Lease
    MLS# 190017213 | Active

    $3,495,000

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    Days On Market: 145 19 Views
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    Property Details

    Incredible opportunity in the heart of La Jolla's village! ' 6,998 SF lot with a ~ 3,000 SF medical building with single tenant ' Zone 2 of the La Jolla Planning District ' Max FAR is 1.7, but FAR is 1.3 if all residential ' Min lot size is 2,500 SF ' Uses include mixed use, community office and/or residential units only ' Current tenant pays $9,885/mo ' Rent bumps 3% each year beginning 6/30/2019 ' Tenant has exercised the option to extend the lease to 6/30/2024 and has 1 remaining 5-year extension option ' Shown with accepted offer only.

    Contact

    Nelson Brothers Team

    Real Estate Agents

    DRE: 01376023, 01801493

    La Jolla Office

    Mobile Phone: 858-215-3739

    Neighborhood

    92037 (La Jolla) Demographics

    43Median Age
    2,959Population Density (per sq. mile)
    80%College Educated
    $102,297 Estimated Median Income
    9,475Estimated Total Home Owners
    7,343Estimated Total Renters
    56% / 44%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    38,659Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $1,063,500 Median Sales Price
    82 Homes Sold
    113 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $3,495,000
        4/1/2019 3:20:00 PM New in Database Source

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        Based on information from California Regional Multiple Listing Service, Inc. as of 8/25/2019 11:18:54 AM. 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, 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.