La Jolla Legacy

981,1003,1013-1015 Coast Boulevard | La Jolla | CA | 92037


Confidentiality Agreement

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Property Highlights

    • Irreplaceable La Jolla Village Waterfront Location
    • Oceanview Balconies, Patios, and a Rooftop Deck
    • Spacious Floorplans and Renovated Units
    • Common Area Lounge, Fire Pit, Exterior Bathrooms, and Ocean View Grass and Sunbathing Deck

Property Details

  • Price: $ 22,000,000
  • Price Per Unit: $ 880,000.00
  • Units: 25
  • Transaction Type: For Sale
  • Property Type: Multi-Family
  • Building Size: 8,090 SF
  • Availability: Sold

Property Description

The Anderson Group is proud to present – La Jolla Legacy; a property consisting of five parcels with a combined lot size of approximately 25,692 SF and 25 residential units of approximately 13,312 rentable SF.

La Jolla Legacy offers eight separate buildings which are comprised of a 13-unit three-story oceanfront complex, a 5-unit oceanfront complex, an oceanfront duplex, an ocean view triplex, two single-family three-bedroom / two-bath houses, and a common area building with two bathrooms. In addition to the existing 25-units, there are four further units currently configured as a lobby, upstairs dining room, downstairs dining room, and a commercial kitchen. An acute investor would research the possibility of converting these rooms back to residential units for a total of 29 units.

La Jolla Legacy’s residential units provide spacious floorplans, spanning ocean views, and patios, and fireplaces with many units’ interiors having been beautifully improved.

Common area amenities include a fire pit seating area, a spacious ocean-view grass, and concrete patio, a rooftop deck, 25 on-site parking spaces, and common area restrooms.

The property is currently being operated as a boutique hotel and includes a Type 70 – On-Sale General Restrictive ABC License (State of California Department of Alcoholic Beverage Control Alcoholic Beverage License).


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Financial Summary

Investment Highlights

Price $22,000,000.00
Price / Unit $880,000.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $22,000,000.00


Income & Expenses



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Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

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