NOT LISTED FOR SALE

7318-20 Draper Ave La Jolla, CA 92037

The Village Neighborhood
4 Beds
2 Baths
1,550 Sq Ft
6,766 Sq Ft Lot

Last Sold March 01, 2024

Last sale price $2,550,000 $1,645 Per Sq Ft

12 Days on Market

Highlights

  • Park or Greenbelt View
  • Corner Lot
  • West of 5 Freeway
  • La Jolla Elementary School Rated A
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of March 2024

***Location***Location***Location***92037*La Jolla Beach Barber Tract***Potential*** Potential*** Potential***Duplex****2 Blocks To Pearl St***6 Blocks To The Pacific Ocean***Village Living***Flat Level Corner Lot (55X126) 6,766 Sq Ft With Alley Access***Currently Duplex With Mature Landscape ***Abundant Variety Of Fruit Trees* Orange* Tangerine* Fig* Avocado* Apple* Lemon* And Pecan Trees***Single Story Living ***Two (2BR/1BA) 775 Sq Ft Each * 1,550 Total Sq Ft***AirBNB $20,000 Mth / $240,000 YR Potential***Live In One/ Rent One***Rent Both**Developers/Investors Create Value***30 Ft Height 2nd Story Potential Allows Two 2,578 Sq Ft SDU For A Total Of 5,156 Sq Ft Plus One ADU 800 Sq ft***Fully Developed Short Term Rental Income In Excess Of $30,000 A Month/$360,000 YR*** ***Location***Location***Location***92037*La Jolla Beach Barber Tract***Potential*** Potential*** Potential***Duplex****2 Blocks To Pearl St***6 Blocks To The Pacific Ocean***Village Living***Flat Level Corner Lot (55X126) 6,766 Sq Ft With Alley Access***Currently Duplex With Mature Landscape ***Abundant Variety Of Fruit Trees* Orange* Tangerine* Fig* Avocado* Apple* Lemon* And Pecan Trees***Single Story Living ***Two (2BR/1BA) 775 Sq Ft Each * 1,550 Total Sq Ft***AirBNB $20,000 Mth / $240,000 YR Potential***Live In One/ Rent One***Rent Both**Developers/Investors Create Value***30 Ft Height 2nd Story Potential Allows Two 2,578 Sq Ft SDU For A Total Of 5,156 Sq Ft Plus One ADU 800 Sq ft***Fully Developed Short Term Rental Income In Excess Of $30,000 A Month/$360,000 YR***

Last Agent to Sell the Property

Robert Antoniadis

Robert Realty License #01727428 Listed on: 01/05/2024

Last Buyer's Agent

Liz Pruett

Compass License #01119144

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1957

Lot Details

  • 6,766 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Level Lot
  • Sprinklers on Timer

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property
  • Park or Greenbelt Views

Parking

  • Alley Access
  • RV Potential

Location

  • West of 5 Freeway

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for sewer, trash, water, electricity, hot water
  • Assessor Parcel Number 351-024-07-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Pet Policy

  • Pets Allowed

Building Details

  • Net Operating Income $60,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Coastal South
  • Cross Street: Sea Ln
  • Neighborhood: The Beach Barber Tract
  • Supplement: ***Location***Location***Location***92037*La Jolla Beach Barber Tract***Potential*** Potential*** Potential***Duplex****2 Blocks To Pearl St***6 Blocks To The Pacific Ocean***Village Living***Flat Level Corner Lot (55X126) 6,766 Sq Ft With Alley Access***Currently Duplex With Mature Landscape ***Abundant Variety Of Fruit Trees* Orange* Tangerine* Fig* Avocado* Apple* Lemon* And Pecan Trees***Single Story Living ***Two (2BR/1BA) 775 Sq Ft Each * 1,550 Total Sq Ft***AirBNB $20,000 Mth / $240,000 YR Potential***Live In One/ Rent One***Rent Both**Developers/Investors Create Value***30 Ft Height 2nd Story Potential Allows Two 2,578 Sq Ft SDU For A Total Of 5,156 Sq Ft Plus One ADU 800 Sq ft***Fully Developed Short Term Rental Income In Excess Of $30,000 A Month/$360,000 YR***
  • LP / Sq Ft: 41.67
  • Stories: 1 Story
  • Sale Price List Price: 1.02
  • Total Stories: 1
  • Year Built: 1957
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition
  • View: Parklike

Garage/Parking

  • Parking for RV: Potential Space

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: LA JOLLA

Lot Info

  • Irrigation: Automatic, Sprinklers
  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Corner Lot, Curbs, Public Street, Sidewalks, Street Paved, West of I-5
  • Topography: Level
  • Water District: CITY OF SAN DIEGO
  • Zoning: RM-1-1
  • Assessor Parcel Number: 351-024-07-00
  • Land Use Code: RM-1
  • Estimated Lot Dimensions: 55x126
  • Estimated Lot Sq Ft: 6766
  • Estimated Number of Acres: 0.16

Rental Info

  • Tenant Pays: Sewer, Trash, Water, Electricity, Hot Water

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 60000
  • Annual Expense Actual: 40000
  • Annual Expense Projected: 40000
  • Gross Rent Multiplier Actual: 25.0
  • Gross Rent Multiplier Projected: 24.0
  • Gross Sched Income Actual: 100000
  • Gross Sched Income Projected: 105000
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2024 03/01/24 Sold $2,550,000 +2.0% $1,645 / Sq Ft
01/18/2024 01/18/24 Pending -- -- --
01/05/2024 01/05/24 For Sale $2,500,000 -- $1,613 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Robert Antoniadis

    Seller's Agent in 2024

    Robert Antoniadis

    Robert Realty

    (619) 852-8827

    1 in this area

    127 Total Sales

    Robert Antoniadis
    Section Image
  • Liz Pruett

    Buyer's Agent in 2024

    Liz Pruett

    Compass

    (858) 277-3325

    1 in this area

    10 Total Sales

    Liz Pruett
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 240000475

San Diego MLS

California San Diego County La Jolla 92037 The Village

7318-20 Draper Ave, La Jolla, CA

This home is located at 7318-20 Draper Ave, La Jolla, CA 92037 since 05 January 2024. This property was built in 1957. 7318-20 Draper Ave is a home located in San Diego County with nearby schools including La Jolla Elementary School, Muirlands Middle School, and La Jolla High School.

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