Please do not disturb the tenants and please do not walk on the property!! Shown with accepted offer. 7409-7415 Eads Ave offers an investor the opportunity to own an income producing property in one of the most desirable cities in the United States. Available are 5 very well maintained units located in the Village of La Jolla. The property offers immediate upside in rents as well as the possibility to increase NOI by charging for garages and utility reimbursement. The site includes multiple structures spread out on a large lot including a 2BR/1Bath House, a Studio Cottage, a 1BR/1Bath cottage and 2 1BR/1Bath apartment units situated above 4 garages. The property sits on a .24 ACRE lot so there is development potential to add more units (4 new construction) and convert the 4 garages into dwelling units. This would increase the unit count from the current 5, up to to 9 or 11 total units. Buyer/Developer responsible for their own feasibility study.
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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