316 Prospect St, La Jolla, CA 92037

Dont miss this once in a lifetime opportunity to own a prime piece of property on La Jollas world famous Prospect Street currently used as a nine unit multifamily rental property but with the potential for development as condos (buyer to verify) or a single family residence. The existing rents are below market and there are three units that are not producing any rent. All the current tenants are on month to month leases. A new owner might also choose to retain the property as a deluxe rental property and raise rents. Some of the units have ocean views and there is an ample outside garden on this 7802 square foot lot. There is alley access at the rear of the property with two detached two car garages. Only one of the units is currently available for viewing. The rest upon accepted offer. This is truly one of La Jollas jewels.