440-446 Bonair St - Apartments FOR SALE


La Jolla, CA 92037- Beach Barber Tract
$4,000,000 USD
858-373-3216
440-446 Bonair St, La Jolla, CA for Sale
$4,000,000 USD
Apartments - FOR SALE
1/28
null | 2.08% Cap Rate

440-446 Bonair St
La Jolla, CA 92037
Beach Barber Tract


HIGHLIGHTS

  • Premier Windansea Beach location, steps from the shoreline and walkable to top dining, retail, and lifestyle amenities
  • Desirable mix of one- and two-bedroom units ideal for long-term tenancy and stable income
  • Situated on a 0.19-acre parcel with four (4) single-car garages plus additional off-street parking - an uncommon advantage in the coastal zone
  • Over the past decade, the La Jolla submarket has recorded only five on-market four-unit sales
  • La Jolla contains 505 multifamily properties, but only 51 are four-unit buildings, representing just 10% of the entire submarket
  • Exceptional opportunity to own a well-located coastal multifamily asset in one of Southern California’s most prestigious and supply-constrained rental

OVERVIEW

We are pleased to present 444 Bonair Street, a well-maintained four-unit multifamily property situated on a generous 0.19-acre parcel in the highly desirable Windansea Beach neighborhood of La Jolla, California. This rare coastal asset provides investors with a stable, income-generating opportunity in one of San Diego’s most exclusive and supply-constrained rental markets. The property offers a balanced and highly functional unit mix, consisting of one (1) one-bedroom, one-bathroom unit of approximately 650 square feet, two (2) two-bedroom, one-bathroom units of roughly 800 square feet each, and one (1) two-bedroom, two-bathroom unit of approximately 1,000 square feet, for a combined 3,250 net rentable square feet. Each residence features a practical layout, ample natural light, and a quiet coastal setting just blocks from the shoreline—ideal for long-term tenancy in a premier beach community. Additional value comes from the property’s strong parking profile, which includes four (4) single-car garages along with ample additional off-street parking, a significant advantage in this dense and highly competitive coastal submarket. Located just one block from Windansea Beach and walkable to La Jolla’s vibrant Village, boutique retail, dining, and recreation amenities, the asset enjoys enduring appeal among quality tenants seeking best-in-class coastal living. With strong historical occupancy, consistent cash flow, and clear upside through interior renovations or future redevelopment, 444 Bonair Street represents an increasingly rare opportunity to acquire a low-maintenance, coastal multifamily property in one of Southern California’s most prestigious neighborhoods.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$800 USD /SF

# OF UNITS

4

PRICE/UNIT

$1,000,000

CAP RATE

2.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R2

APN/PARCEL ID

351-350-28

ASK ABOUT THIS PROPERTY

Jamison WheelerMarcus & MillichapMore Info
858-373-3216

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Jamison WheelerMarcus & MillichapMore Info
858-373-3216

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.