$1,249,000

627 Colima Street

La Jolla CA, 92037

Description

Developable land in La Jolla, let alone in Bird Rock, is exceedingly scarce. It is even more rare for that land to be for sale in the form of 2 adjacent 4,780 SF lots, offered with complete, fees-paid, shovel-ready, Coastal Commission approved and permitted plans for a 2,435 SF ocean view home. The opportunity to begin construction this quickly and easily, with these economies of scale, makes an already attractive investment that much better, especially with strong potential upside in this inventory-starved segment of the market where historically low interest rates and strong demand are continuing to fuel increasing values. This deal is ripe for owner-user(s), developer/investors or anyone looking to build equity and net worth through real estate.

Details

MLS#NDP2001875
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site194

Features

ZoningR1:SINGLE
Acreage0.10
Property ViewYes

Market Activity 92037

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Area Information
StateCA
CountySan Diego
CityLa Jolla
Zip Code92037
Area92037 - La Jolla
Listing VS Median (in 92037)
Price:
$1,249,000
low | high
Med:
$875,000
79.943955164131% of Average
On Site:
194
low | high
Med:
11
100% of Average
Sourced by Back At You
Listing Updated: December 14, 2020 2:38:20 AM PST
Drew Nelson LogoMLS Number: NDP2001875
Listing Provided By:
Drew Nelson  of  Willis Allen Real Estate
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.