1218 Prospect StSan Diego, CA 92037

Property Details for 1218 Prospect St

Year built

1970

Lot size

0.19 AC

Property size (Sq ft)

9,285 SF

Zone code

COMMERCIAL

Property type

Retail properties

Property subtype

Retail space

APN

350-050-07-00

APU

3500500700

Description

This exceptional office property, located at 1218-1224 Prospect Street in San Diego, California, presents a unique investment opportunity. The 9,285 square foot building, constructed in 1945, features a blend of executive and creative office spaces across two stories. Currently, one 400 square foot private office is available, fully furnished, and includes access to shared common area amenities such as a kitchen and restroom. The building sits on a 0.2-acre lot and is zoned LJCPD, La Jolla. The property's location in the desirable La Jolla submarket of North San Diego County offers unparalleled access to the area's vibrant business community. While parking is not available on-site, the convenient location offers easy access to public transportation and nearby parking options. The building boasts a Floor Area Ratio (FAR) of 1.07, reflecting efficient space utilization. The property's unique blend of executive and creative office spaces caters to a diverse range of businesses. The available office space offers stunning ocean views, making it an ideal location for businesses seeking a prestigious and inspiring work environment. The property's address is 1218-1224 Prospect St, San Diego, CA 92037, with the Assessor's Parcel Number (APN) being 350-050-07. This is a multi-tenant building in San Diego County.

• CAP approach

  CAP return

  Valuation

  6%

  $2,861,040

  6.5%

  $2,640,960

  7%

  $2,452,320

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,786,853

  Geo Method

  $8,235,464

• Alternative Use

  Use

  Valuation

  Residential

  $2,227,748

  Hospitality

  $2,040,606

  Educational

  $1,697,760

  Medical

  $1,756,148

  Retail

  $2,640,960

Location Insight

City

La Jolla

County

San Diego

State

California

Latitude

32.8494

Longitude

-117.272

CBSA code

41740

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].