7737 Herschel Ave
La Jolla, CA 92037

$3,495,000

Description

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.

Details

MLS#190017213
StyleIndustrial
Sub-TypeLease
StatusActive
Days On Site78

Features

Story(s)0
Units1
ZoningCOMMERCIAL

Market Activity 92037

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Area Information

StateCA
CountySan Diego
CityLa Jolla
Zip Code92037
Listing VS Median (in 92037)
Price:
$3,495,000
low | high
Med:
$1,349,000
100% of Average
On Site:
78
low | high
Med:
97
80.412371134021% of Average
Listing Updated: 06/17/2019
MLS Number: 190017213
Listing Provided By:
Drew Nelson  of  Willis Allen Real Estate
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