Commercial La Jolla
428-38 Rosemont St
La Jolla
92037
$4,500,000
Residential Income
beds: 4330
baths: 3464.0
0 sq. ft.
built: 0
- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- 260008602
- Bathrooms:
- 3464
- Photos (75)
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***PRICED TO SELL*** 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 (10x24)***$29,800 Long Term Monthly Market Rent/ $357,600 YR***5.55% Cap Rate***GRM 12.6***Holy Schmoly Short Term/AIRBNB Monthly Rent $50,000/$600,000 YR*** Ability to Generate Additional $127K+ per Year Converting Four (10x24) 240 Sq Ft Garages into Studios Renting For $2,650 Mth*** Going Going Gon_!
- Property Sub Type:
- Com-Res Income
- Number of Buildings:
- 1
- County Or Parish:
- San Diego
- Market Area:
- Coastal South
- Total Building Area:
- 0 sq. ft.
- Total Floor Area:
- 0 sq. ft.
- Total Bedrooms:
- 4330
- Bathrooms:
- 3464
- Full Bathrooms:
- 3464
- Half Bathrooms:
- 0
- Structure Type:
- Other/Remarks
- Stories:
- 2 Story
- Num Stories:
- 2
- Year Built:
- 0
- Age (in years):
- 2,026 year(s)
- Short Sale:
- false
- Terms:
- Cash, Exchange Up, Other/Remarks
- Total Actual Rent:
- $7,300
- Gross scheduled income:
- 91200.0
- Projected gross operating income:
- 343296
- Projected net Income:
- 249750
- Projected Gross Multiplier:
- 12.6
- Operating expense:
- 70000.0
- Projected operating expense:
- 93546
- Financial Information Source:
- Other/Remarks
- Number of Units:
- 6
- Number of Leased Apartments:
- 2
- Number of Units in Unit 1:
- 438
- Number of Units in Unit 2:
- 436
- Number of Units in Unit 3:
- 434
- Number of Units in Unit 4:
- 432
- Number of Units in Unit 5:
- 430
- Number of Units in Unit 6:
- 428
- Total Rent for Unit 1:
- $4,200
- Total Rent for Unit 2:
- $0
- Total Rent for Unit 3:
- $0
- Total Rent for Unit 4:
- $3,100
- Total Rent for Unit 5:
- $0
- Total Rent for Unit 6:
- $0
- Special Listing Conditions:
- N/K
- Laundry:
- Owned
- Construction Material:
- Block
- Lot Size:
- 9,148 sq. ft.
- Lot Details:
- 100x94
- Parcel Number:
- 351-471-21-00
- Parking Features:
- Garages
- Total Parking Spaces:
- 4
- Total Non-Garage Spaces:
- 0
- Heating:
- Wall
- Roof:
- Composition
- Floor finish:
- Other/Remarks
- Zoning:
- RM-1-1
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Listed by Robert Realty
Data was last updated August 18, 2026 at 07:10 PM (UTC)
Area Statistics
- Listings on market:
- 85
- Avg list price:
- $2,800,000
- Min list price:
- $1,075,000
- Max list price:
- $11,995,000
- Avg days on market:
- 87
- Min days on market:
- 1
- Max days on market:
- 425
These statistics are generated based on the current listing's property type
and located in
Coastal South. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- RONALD FLETCHER
- 858-999-4900
- Contact by Email
This information is deemed reliable but not guaranteed.
You should rely on this information only to decide whether or not to further investigate a particular property.
BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional.
You may use this information only to identify properties you may be interested in investigating further.
All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited.
Redistribution or copying of this information, any photographs or video tours is strictly prohibited.
This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc.
Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display.
The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.
Compilation © 2026 San Diego Multiple Listing Service, Inc.
My Featured Listings
1643 Missouri
$1,590,000
Fletcher Team, Inc
This information is deemed reliable but not guaranteed.
You should rely on this information only to decide whether or not to further investigate a particular property.
BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional.
You may use this information only to identify properties you may be interested in investigating further.
All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited.
Redistribution or copying of this information, any photographs or video tours is strictly prohibited.
This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc.
Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display.
The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.
Compilation © 2026 San Diego Multiple Listing Service, Inc.