7542 Herschel AveSan Diego, CA 92037

Property Details for 7542 Herschel Ave

Lot size

0.16 AC

Zone code

R-3:RESTRICTED MULTIPLE

Property type

Parking lots & garages

APN

350-621-11-00

APU

3506211100

Description

This exceptional 6,761 square foot commercial land parcel presents a unique investment opportunity in the heart of La Jolla, California. Located at 7542 Herschel Avenue, 92037, this property boasts a highly desirable address, just steps from renowned restaurants, art galleries, grocery stores, and the breathtaking La Jolla Cove. Currently operating as a parking lot, this site offers significant income potential in its current state. However, its true value lies in its immense development potential. The large lot size and prime location provide exceptional flexibility for a wide range of projects, from boutique commercial developments to mixed-use constructions. The land value is $6,761 per square foot, reflecting the exceptional desirability of this location within San Diego County. This is a rare chance to acquire a substantial piece of land in one of San Diego's most sought-after neighborhoods, offering both immediate income and long-term growth potential. The property is situated in San Diego, California, within the 92037 zip code. This presents a compelling investment opportunity for discerning buyers seeking a prime location with significant upside. The asking price for this exceptional property is $2,950,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,658,310

  6.5%

  $1,530,750

  7%

  $1,421,410

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,137,990

  Geo Method

  $2,474,860

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $3,025,960

  Mixed-Use / Specialty

  $1,508,780

  Hospitality / Lodging

  $1,085,450

  Office

  $1,482,620

  Institutional / Educational

  $1,562,630

  Residential Income

  $1,828,270

  Multifamily

  $2,284,250

  Automotive / Energy

  $1,339,390

  Parking / Income-Based Land

  $478,519

  Restaurant / Food Service

  $749,497

  Healthcare / Senior Housing

  $1,564,160

Location Insight

City

La Jolla

County

San Diego

State

California

Latitude

32.8414

Longitude

-117.272

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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