7409–7415 Eads Ave is a garden-style five-plex located in the heart of The Village in La Jolla. The property sits on a beautifully landscaped 10,530 sq. ft. (.24-acre) lot and offers significant development potential. The site includes multiple structures: a 2BR/1BA house, a 1BR/1BA cottage, two apartment units, a studio cottage, plus four private garages and additional off-street parking spaces. Current rents are below market, giving a new investor a clear path to increasing income. There is potential to build two brand-new units and to convert the four garages into two ADUs, allowing for up to four additional dwelling units. A new owner could also implement a RUBS utility reimbursement program and/or charge for the private garages to further improve cash flow. Vacation Rental Potential- La Jolla is known as one of Southern California’s most desirable Vacation Destinations. With hundred’s off attractions including swimming, kayaking, watching sea lions a the La Jolla Cove, hiking Torrey Pines State Natural Reserve, and visiting the Birch Aquarium, La Jolla is a year-round vacations spot for tourist around the world. Many nearby properties have transitioned into full or part time Vacation Rentals to drastically increase their NOI. 7409-7415 Eads has the potential to generate over $425,000/year in income. AVERAGE VACATION RENTAL NIGHTLY RATES • 2BR - $485 • 1BR - $360 • Studio - $250 3 – 1BR @ $360/night X 20 Nights = $21,600 1 - 2BR @ $485/night X 20 Nights = $9,160 1 – Studio @ $250/night X 20 Nights = $5,000 $35,760/ Month or $429,000/ Year