Nautilus st La Jolla, CA 92037

Pending

$4,150,000

4 Units

4 Beds

4 Baths

n/a Area(sq.ft.)

n/a Lot Size(sq.ft.)

Type	# of Units	Bedroom	Bath	Furnished	Rent	Actual Rent	Projected Rent
0	0				$ 0	$ 0	$ 0

MLS #:	240023037SD
Days On Market:	3
County:	San Diego
Property Type:	Residential Income
Price per unit:	$ 1,037,500
Year Built:	1951

Income Details / Structure / Land & Parking / Interior Features / Exterior Features

Property Details

Rare opportunity to own two separate Beach Barber Tract duplexes with four units at the bottom of Iconic Nautilus St and Neptune steps to the sand at Wind N Sea Beach. Pride of ownership, privacy, and charm embody these four turn-key units with full designer kitchens, bathrooms, charming brick fireplaces in front units, detached two-car closed garages, and laundry room with peek ocean views from front unit decks. Charming brick courtyards bookend the front and back of the property, where each unit has its red brick patio/deck—walkability score 10, to beaches, restaurants, and a gourmet grocery store—excellent and proven long-term investment value. The property is currently operated as a VRBO; financials can be provided. Buyers can maintain existing income properties or actualize this property’s potential to be developed into two luxury homes with Ocean views, each with its own ADU.

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Income Details

Total Annual Expense:	$ 48,200
Net Operating Income:	$ 112,400
Cap Rate:	1.63%
Gross Rent Multiplier:	18.37

Structure

Amenities:	Assoc Barbecue, BBQ, Biking Trails, Laundry Facilities
Levels:	One
Complex Name:	Beach Barber Tract
Security Features:	Other, Owned
Sewer:	Sewer Connected
View Description:	Ocean
Water:	Meter on Property