Shell Beach Bungalows

1020-1026 Coast Boulevard South | La Jolla | CA | 92037 Back to Properties


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Confidentiality Agreement

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Property Highlights

    • Irreplaceable Location – the Heart of La Jolla
    • Renovated Units
    • Select Units with Ocean Views, Patios, and Balconies
    • Mix of One and Two-Bedroom Units

Property Details

  • Price: $ 11,700,000
  • Price Per Unit: $ 835,714.29
  • Units: 14
  • Transaction Type: For Sale
  • Property Type: Multi-Family
  • Building Size: 8,090 SF
  • Year Built: 1932
  • Availability: Sold

Property Description

The Anderson Group is pleased to present the Shell Beach Bungalows (the “Property”), a unique multi-family property located in an irreplaceable location – the heart of La Jolla.

Shell Beach Bungalows consist of fourteen beach bungalows in the extremely desirable Village neighborhood, across the street from the beach. The property sits across five parcels, providing an investor the opportunity to obtain attractive residential financing.

The property recently underwent an extensive renovation. The kitchens were appointed with new cabinets, quartz countertops, fixtures, recessed lighting, and stainless-steel appliances which include a range and hood, refrigerator, and dishwasher. The bathrooms received new cabinets, quartz countertops, laminate flooring and baseboards, shower enclosure, fixtures, lighting, blinds, doors and trim, and windows as needed. The living areas and bedrooms received new laminate flooring and baseboards, ceiling fans, recessed lighting, blinds, doors and trim, and windows as needed.

The Shell Beach Bungalows are equipped with community amenities such as a courtyard, barbecue area, laundry station, and dog-washing station.

With a Walk Score of 86 (very walkable) and the Pacific Ocean just a stone’s throw away, everything one could need and more is right at their fingertips.

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Financial Summary

Investment Highlights

Price $11,700,000.00
Price / Unit $835,714.29
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $11,700,000.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00