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    7520 Mar

    La Jolla, CA 92037
    • $2,699,000 - $2,875,000
    • STATUS: Active
    • ON SITE: 121 days
    • ID#: 200036969
    UPDATED: 59 min ago
    $2,699,000 - $2,875,000
    • 5
      BEDS
    • 0.25
      ACRES
    • 4
      BATHS
    • 1
      1/2 BATHS
    • 4,910
      SQFT
    • $586
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1963
    County:

    School Ratings & Info

    Description

    Here's the Diamond in the rough that you've been waiting for with big upside. This Mid Century Modern with a historical designation was designed by the San Diego Architect Homer Delawie. Enjoy expansive 180*panoramic ocean views. Close to La Jolla Country Club, La Jolla Shores, Prospect St Restaurant's and Shops. The property is currently under construction and is 4600 plus or minus sqft including the roughed in framing upstairs and downstairs. 50% completed and conveys with approved plans.SEE SUPPLEMENT MOTIVATED SELLER! This Panoramic Ocean View Mid Century Modern property comes with a historical designation and was designed by the Iconic San Diego Architect Homer Delawie. This project is great for a sophisticated investor or a end user that loves this architectural style. (Historical Designation tax break) Consult your Tax advisor for more clarification. The Seller is open to a 8-12 month Seller carry back. Seller is open to a JV with an investor or a GC. All prospective JV partners must have real estate experience and a good track record in order to be considered. All JV partners will be vetted by Seller's attorney. Seller is currently residing in the existing 2br 2ba 1326 sqft dwelling below the street level. This Mid Century Modern with a historical designation property is under construction and the other square footage that totals the 4600 sqft is only framed in. 4 bedrooms and 4 +-+ bathrooms with plans to include another +-+ bath in the future home office. There is Potential for a 5th bedroom. Large lot and room for a vanishing edge pool. Copy of Approved plans and inspection card will be furnished upon request. Have had GC bids at $1,000,000 min. Current ARV is $5,500,000 to $6,000,000 based on recent comps. Other Fees: 0 Sewer: Sewer Connected

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-03T11:28:00.873. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.

    www.playavistaliving.com/homes/108525104
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    7520 Mar La Jolla, CA 92037

    • Price: $2,699,000 - $2,875,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: 200036969
    5
    Beds
    4
    Baths
    1
    ½ Baths
    0.25
    Acres
    4,910
    SQFT
    $586
    $/SQFT
    1963
    Built
    Neighborhood:
    La Jolla
    County:
    San Diego
    Area:
    92037 - La Jolla
    Property Description
    Here's the Diamond in the rough that you've been waiting for with big upside. This Mid Century Modern with a historical designation was designed by the San Diego Architect Homer Delawie. Enjoy expansive 180*panoramic ocean views. Close to La Jolla Country Club, La Jolla Shores, Prospect St Restaurant's and Shops. The property is currently under construction and is 4600 plus or minus sqft including the roughed in framing upstairs and downstairs. 50% completed and conveys with approved plans.SEE SUPPLEMENT MOTIVATED SELLER! This Panoramic Ocean View Mid Century Modern property comes with a historical designation and was designed by the Iconic San Diego Architect Homer Delawie. This project is great for a sophisticated investor or a end user that loves this architectural style. (Historical Designation tax break) Consult your Tax advisor for more clarification. The Seller is open to a 8-12 month Seller carry back. Seller is open to a JV with an investor or a GC. All prospective JV partners must have real estate experience and a good track record in order to be considered. All JV partners will be vetted by Seller's attorney. Seller is currently residing in the existing 2br 2ba 1326 sqft dwelling below the street level. This Mid Century Modern with a historical designation property is under construction and the other square footage that totals the 4600 sqft is only framed in. 4 bedrooms and 4 +-+ bathrooms with plans to include another +-+ bath in the future home office. There is Potential for a 5th bedroom. Large lot and room for a vanishing edge pool. Copy of Approved plans and inspection card will be furnished upon request. Have had GC bids at $1,000,000 min. Current ARV is $5,500,000 to $6,000,000 based on recent comps. Other Fees: 0 Sewer: Sewer Connected
    Exterior Features

    Architectural Style Modern Construction Materials Unknown Garage Spaces 2.00 Lot Size Source Assessor Lot Size Units Square Feet Parking Features DrivewayGarage - Two Door Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Roof Rolled/Hot Mop Uncovered Spaces 2.00 View Ocean View YN Yes

    Interior Features

    Appliances None Appliances YN No Bathrooms Full 4 Cooling None Cooling YN No Eating Area AreaSee RemarksFamily Kitchen Fireplace Features See Remarks Fireplace YN Yes Heating See Remarks Heating YN Yes Laundry Features See Remarks Levels Multi/Split Room Type Exercise RoomFamily RoomRetreatSaunaSee RemarksKitchenAll Bedrooms DownAll Bedrooms UpWalk-In Closet

    Property Features

    Association Fee 0.00 Country Us Laundry YN Yes Living Area Source Plans Property Condition Additions/AlterationsBuilding PermitFixerUnder Construction Property Sub Type Single Family Residence Subdivision Name Other La Jolla Year Built Source Assessor

    Listing provided courtesy of David Indermill of The Mavin Group West


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-03T11:28:00.873. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.

     
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