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Key Details
Sold Price $4,750,000
Property Type Condo
Sub Type Apartment,Other/Remarks
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 230018435
Sold Date 03/19/24
Lot Size 5,765 Sqft
Acres 0.13
Property Description
504-510 Nautilus Street is an extraordinary mixed-use property located just one block from the ocean in the prestigious beach community of Windansea, La Jolla. The subject offers six residential units and 5,494 square feet of ground floor commercial space. The highly visible property is located on the corner of La Jolla Blvd and Nautilus Street and features coastal views from each of the residential units’ private balcony. 504-510 Nautilus St offers investors the opportunity to upgrade the interior and exterior of the property, and increase rents in order to maximize their return on investment. Similarly located and recently renovated apartments are getting over $5.00 per square foot in rent. The sub-market of La Jolla is one of the most desirable markets in San Diego. The subject property will always be in high demand due to the lack of supply from the scarcity and high cost of developable land. The subject benefits from close proximity to UTC and Torrey Pines, San Diego’s educational and commercial core with one of Southern California’s premier malls at Westfield UTC. With a walk score of 83, the property is walking distance to many of San Diego’s finest restaurants and some the best beaches in the United States.
Location
State CA
County San Diego
Area La Jolla (92037)
Interior
Cooling Central Forced Air Elec, Other
Exterior
Parking Features None
Roof Type Composition
Building
Story 2
Lot Size Range .25 Acres or less
Others
Space Rent $335,328
Financing Cash to New Loan
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Bought with Evan N Smith • eXp Realty of California, Inc.
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Josh Nottingham
Agent | License ID: TN - 375410 CA - 01295227
Agent License ID: TN - 375410 CA - 01295227