The Browar Group is pleased to present this jewel of a value add opportunity in The Village of La Jolla, the Ocean View Apartments. The property is legally 8 units consisting of large (4) 2BR 1BA and (4) 1BR 1BA units. Currently, the property operates as (7) units, with the sellers converting a 2BR and a 1BR into a non-conforming 3BR 3BA unit with 2 kitchens and 2 front entrances. Those "2" units will be delivered vacant. The property also features 6 one car garages, laundry on-site, and a charming garden style courtyard. Two units have patios or decks as well as ocean views. Through heavy renovation of the property, there is large upside in the rents for an astute investor to capture. Lastly, with a Walk Score of 87 and first time to market in 50 years, the Ocean View Apartments encompasses all a legacy asset entails. CALL FOR OFFERS: Saturday October 2 at 5PM
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
