*** Value Add Upside Potential***Renovate Ready**Rent Reposition***Ay Carumba Stabilized Coastal Multifamily Asset Market Value $6,900,000***Mediterranean Coastal Affluent Community Highly Walkable Coastal Lifestyle With Proximity To Coastal Amenities & Employment Centers*** Year Round Mild Temperatures Ranging Mid-50s to Mid-70s***92037***La Jolla Driven By Education*Healthcare*Biotechnology*Research*Tourism*Professional Services*Provide A Strong Economic Base Which Support Upscale Single Family Homes*Luxury Condominiums*Apartment Buildings* A Local Commercial Corridor Offering Convenient Access To Retail, Dining, And Personal Services Within Walking Distance Sustaining Long Term Rental Desirability & Investment Stability***0.2 Miles To Neptune/ WINDNSEA Beach *Coastal Bluff With Pacific Ocean Views ***6 Units***Total 4,571Sq Ft Of Living Area***(4/6 renovation ready and vacant)***Two 2BR/2BA approx 900 Sq ft***Two 2BR/1BA approx 800 sq ft***Two 1BR/1BA approx 600 SqFt***On A Flat Level 9,227 (95 x100) Sq Ft Prominent Usable Corner Lot Providing Dual Street Frontage (Rosemont & Electric) With Alley Access Providing Enhanced Accessibility & 4 One Car Garages (10×24)***$29,800 Long Term Monthly Market Rent/ $357,600 YR***3.25% Cap Rate***GRM 19.3***Holy Schmoly Short Term/AIRBNB Monthly Rent $50,000/$600,000 YR*** Ability to Generate Additional $127K+ per Year Converting Four (10×24) 240 Sq Ft Garages into Studios Renting For $2,650 Mth*** Going Going Gon_!
- Heating System:
- Wall
- Parking:
- Garages
- Flooring:
- Other/Remarks
- Laundry Features:
- Owned
- Country:
- US
- State:
- CA
- County:
- SD
- City:
- La Jolla
- Zipcode:
- 92037
- Street:
- Rosemont St
- Street Number:
- 428-38
- Longitude:
- W118° 43' 25''
- Latitude:
- N32° 49' 40.2''
- Mls Area Major:
- Coastal South
- Zoning:
- RM-1-1
- Office Name:
- Robert Realty
- Agent Name:
- Robert Antoniadis
- Construction Materials:
- Block
- Levels:
- 2 Story
- Lot Size Dimensions:
- 100x94
- Number Of Units Total:
- 6
- On Market Date:
- 2026-04-11
- Stories:
- 2
- Virtual Tour:
- https://www.propertypanorama.com/instaview/snd/260008602
- List Agent Mls Id:
- 639011
- List Office Mls Id:
- 69481
- Listing Term:
- Cash,Exchange Up,Other/Remarks
- Mls Status:
- ACTIVE
- Modification Timestamp:
- 2026-04-20T23:32:26Z
- Originating System Name:
- SDMLS
- Special Listing Conditions:
- N/K
Residential Income
428-38 Rosemont St, La Jolla, CA 92037
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- 260008602
- Price :
- $5,250,000
- Bedrooms :
- 4330
- Bathrooms :
- 3464
- Status :
- Active
- Full Bathrooms :
- 3464
- Property Sub Type :
- Com-Res Income
- Roof:
- Composition
