4747 Morena BlvdSan Diego, CA 92109

Property Details for 4747 Morena Blvd

Year built

1986

Lot size

2.05 AC

Property size (Sq ft)

40,122 SF

Zone code

INDUSTRIAL (M ZONE)

Property type

Retail space

APN

359-820-19-00

APU

3598201900

Description

This exceptional San Diego retail opportunity presents 40,283 square feet of commercial space within the Vista La Jolla Corporate Center, situated on a 2.05-acre lot at 4747 Morena Boulevard, San Diego, CA 92109. The three-story building, constructed in 1985, offers multiple tenancy options, with spaces ranging from a minimum of 1,300 square feet to a maximum contiguous space of 3,619 square feet. Currently, 9,626 square feet are vacant and ready for immediate occupancy. The property boasts ample parking with 120 spaces, providing a parking ratio of approximately 3.4 spaces per 1,000 square feet. Many suites feature expansive window-lined spaces with operable windows, creating bright and inviting environments. The IP-2-1 zoning allows for a variety of uses. Its prime location in the Morena submarket offers easy access to Clairemont, Pacific Beach, La Jolla, University City, and Bay Park. Furthermore, its proximity to the new Balboa Avenue Trolley Station provides convenient access to University Town Center and various transit options. This property presents a unique opportunity for businesses seeking a well-located, versatile retail space in a thriving San Diego neighborhood. The APN is 359-820-19-00.

• CAP approach

  CAP return

  Valuation

  6%

  $9,840,960

  6.5%

  $9,083,970

  7%

  $8,435,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,753,240

  Geo Method

  $14,686,600

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $17,957,100

  Mixed-Use / Specialty

  $8,953,610

  Hospitality / Lodging

  $6,441,430

  Office

  $8,798,380

  Institutional / Educational

  $9,273,140

  Residential Income

  $10,849,600

  Multifamily

  $13,555,500

  Automotive / Energy

  $7,948,400

  Parking / Income-Based Land

  $2,839,690

  Restaurant / Food Service

  $4,447,760

  Healthcare / Senior Housing

  $9,282,230

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.8244

Longitude

-117.229

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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