Multifamily
7415 Eads Ave
7415 Eads Ave, La Jolla, CA 92037
Listing Price: $4,850,000
Investment Overview
7409–7415 Eads Ave is a garden-style five-plex located in the heart of The Village in La Jolla. The property sits on a beautifully landscaped 10,530 sq. ft. (.24-acre) lot and offers significant development potential. The site includes multiple structures: a 2BR/1BA house, a 1BR/1BA cottage, two apartment units, a studio cottage, plus four private garages and additional off-street parking spaces.
Current rents are below market, giving a new investor a clear path to increasing income. There is potential to build two brand-new units and to convert the four garages into two ADUs, allowing for up to four additional dwelling units. A new owner could also implement a RUBS utility reimbursement program and/or charge for the private garages to further improve cash flow.
7415 Eads Ave
Investment Highlights
- Prime La Jolla Investment Property in the heart of the Village
- Large 10,530 SF (.24 ACRE) Lot with development Potential Diverse Unit Mix (2 Br House, 1BR Cottage, Two 1BR/1Bath & a Studio)
- Fantastic Unit Mix - 2 Homes, 2 Apartment Units, 1 Studio Cottage & 4 Private Garages
- Development Potential - Leave existing Structures in Place and add 2 Accessory Dwelling Units (ADUs) and also the potential to convert the 4 garages into 2 additional ADUs
- Potential to Increase Income by Charging for Utilities through a Tenant Utility Reimbursement Program (RUBS)
- Short Walk to La Jolla Cove & Windansea Beach
- Vacation Rental Upside. Average Nightly Rates = Studio - $191/night, 1BR - $250/night., 2BR - $295/night.
Exclusively Listed By
Listing Price: $4,850,000
Investment Highlights
- Prime La Jolla Investment Property in the heart of the Village
- Large 10,530 SF (.24 ACRE) Lot with development Potential Diverse Unit Mix (2 Br House, 1BR Cottage, Two 1BR/1Bath & a Studio)
- Fantastic Unit Mix - 2 Homes, 2 Apartment Units, 1 Studio Cottage & 4 Private Garages
- Development Potential - Leave existing Structures in Place and add 2 Accessory Dwelling Units (ADUs) and also the potential to convert the 4 garages into 2 additional ADUs
- Potential to Increase Income by Charging for Utilities through a Tenant Utility Reimbursement Program (RUBS)
- Short Walk to La Jolla Cove & Windansea Beach
- Vacation Rental Upside. Average Nightly Rates = Studio - $191/night, 1BR - $250/night., 2BR - $295/night.
Investment Overview
7409–7415 Eads Ave is a garden-style five-plex located in the heart of The Village in La Jolla. The property sits on a beautifully landscaped 10,530 sq. ft. (.24-acre) lot and offers significant development potential. The site includes multiple structures: a 2BR/1BA house, a 1BR/1BA cottage, two apartment units, a studio cottage, plus four private garages and additional off-street parking spaces. Current rents are below market, giving a new investor a clear path to increasing income. There is potential to build two brand-new units and to convert the four garages into two ADUs, allowing for up to four additional dwelling units. A new owner could also implement a RUBS utility reimbursement program and/or charge for the private garages to further improve cash flow.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
