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7570 La Jolla Blvd

0.34 Acres of Commercial Land Offered at $6,680,400 CAD in La Jolla, CA 92037

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Executive Summary

BANKRUPTCY COURT SALE: December 3, 2024. First overbid $4,100,000. Please contact agent for details.
The subject property is a 14,637 (0.34 acre) site is located at 7570-90 La Jolla Boulevard, La Jolla. The site is a unique and prime urban infill opportunity located in the heart of the La Jolla Village within a few blocks of shops, entertainment options and the Pacific Ocean (walk core of 89). The La Jolla submarket is one of the most desirable in San Diego County.

7570 La Jolla Blvd OM

Property Facts

Price	$6,680,400 CAD	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Mixed Use Multifamily Planned Unit Development
No. Lots	1	Total Lot Size	0.34 AC
Property Type	Land

Price	$6,680,400 CAD
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Mixed Use Multifamily Planned Unit Development
Total Lot Size	0.34 AC

1 Lot Available

Lot

Price	$6,680,400 CAD	Lot Size	0.34 AC
Price Per AC	$19,648,235 CAD

Price	$6,680,400 CAD
Price Per AC	$19,648,235 CAD
Lot Size	0.34 AC

Description

The property is zoned LJPD-5 (La Jolla Planned District Ordinance Zone 5), which allows for multi-family residential development of one dwelling unit per 1,500SF or a maximum of 10-units. LJPD-5 permits a Floor Area Ratio (FAR) of 1.50 with a 30-foot height limit. The property is also located within the Complete Communities Housing Solutions “Coastal Height Overlay Zone” which permits unlimited dwelling units within a 2.50 FAR building envelope, restricted to 30-foot height requirement. The proposed project, designed by La Jolla local Marengo Morton Architects, is a three-story structure of 19,795 gross building square feet (17,090SF net rentable) over a subterranean parking facility with 18 off-street parking spaces configured as two-car enclosed garages. The units were designed as two and three-bedrooms ranging in size from 1,960 to 2,358SF.

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