La Jolla Multi-Family Properties for Sale

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Newest La Jolla Multi-Family Homes for Sale

$2,475,000

2 Beds ⋅ 2 Baths ⋅ 260023593 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.

Two detached residences with separate street addresses—6319 Electric Avenue and 6320 Dowling Drive—are offered together on one parcel in La Jolla Gables. Near Windansea Beach and La Jolla’s shops and restaurants, the property offers an opportunity to own a coastal rental property and explore future possibilities, subject to buyer investigation and applicable approvals. Dowling Drive interior photos were taken approximately 2½ years ago and may not reflect its current condition. Income and expense figures are approximate. Buyer and buyer’s agent to independently verify property condition, square footage, permits, zoning, permitted uses, and any development potential. Located in the La Jolla Gables subdivision, this offering includes 6319 Electric Avenue and 6320 Dowling Drive on a single parcel. The two residences have separate street addresses and are being offered together. The coastal location places the property near Windansea Beach and the shops and restaurants of La Jolla. The property may appeal to buyers considering an existing rental holding or exploring longer-term plans for the site. No additional unit count or redevelopment outcome is represented. Buyers should independently investigate the property, title, zoning, permits, applicable regulations, and feasibility of their intended use.

6319 Electric, La Jolla

$6,795,000

8 Beds ⋅ 5 Baths ⋅ 260024573 MLS ⋅ ACTIVE Status ⋅ Na BLDG.

Three residences, ocean views and a La Jolla Village setting come together in this distinctive compound. Designed by award-winning architect Stephen Borow, the detached front house offers 4 bedrooms, 3 bathrooms and approximately 2,783 SF. A separate rear duplex adds two 2-bedroom, 1-bathroom residences and approximately 1,854 SF, for a combined 8 bedrooms, 5 bathrooms and approximately 4,637 SF. The main home's approximately 1,600 SF rooftop deck features ocean views, a fireplace, BBQ area and space to dine, lounge and entertain. Renovated interiors include concealed bedroom blackout shades, LED lighting, integrated speakers, heated bathroom floors and smart-home features. Each rear residence has its own entrance, kitchen and laundry; the upper residence enjoys ocean views. Access from Fay Avenue and Bishops Lane, six off-street parking spaces along Bishops Lane and EV charging add convenience. All three residences are currently set up for short-term rental use, subject to applicable requirements. All furniture and electronics are available for purchase with the property, subject to agreement. Preliminary lot-split planning has begun, providing a starting point for a new owner to continue the process and explore potential future value, subject to City approval. Enjoy proximity to beaches, restaurants, boutiques and galleries, with flexibility for a primary residence, extended family, guests, private offices or rental use. Discover a versatile La Jolla Village compound that combines a distinctive main residence with two separate living spaces in a detached rear duplex. The front house, designed by award-winning architect Stephen Borow, offers 4 bedrooms, 3 bathrooms and approximately 2,783 SF. The rear building contains two 2-bedroom, 1-bathroom residences totaling approximately 1,854 SF. Together, the property offers approximately 4,637 SF with 8 bedrooms and 5 bathrooms. The main residence pairs renovated interiors with an approximately 1,600 SF rooftop entertaining deck. Ocean views, a fireplace, BBQ area and room for dining and lounge seating create a setting for sunset gatherings and outdoor living. Interior upgrades include concealed bedroom blackout shades, LED lighting, integrated speakers, heated bathroom floors, camera surveillance and smart-home features. An attached garage, driveway access from Fay Avenue, patios and landscaped areas complement the home. The detached rear duplex offers independent access from Bishops Lane. Each residence has a separate entrance, its own kitchen and laundry, and renovated interiors with contemporary finishes. The upper residence enjoys ocean views. Six off-street parking spaces along Bishops Lane and EV charging add convenience to the compound. All three residences are currently set up for short-term rental use. All furniture and electronics are available for purchase along with the property, subject to agreement, giving buyers the option to acquire the existing furnished setup. Future rental use remains subject to applicable permits and requirements. The layout also supports a range of personal uses: a main residence with separate accommodations for extended family and guests, a coastal retreat with room for visiting households, or a combination of personal occupancy and rental use. The physical separation between the front home and rear building, along with the rear residences' individual kitchens, entrances and laundry facilities, allows occupants to maintain separate daily routines. Preliminary lot-split planning has already begun. A new owner can build on the work completed to date and continue pursuing the proposed split, subject to City requirements and approval. This provides an opportunity to explore potential future value beyond the property's existing configuration. With beaches, restaurants, boutiques and galleries nearby, the property offers a convenient base for enjoying La Jolla Village. The entire compound is offered together.

7372-7376 Fay Ave, La Jolla

$4,999,995

7 Beds ⋅ 5 Baths ⋅ NDP2608215 MLS ⋅ ACTIVE Status

Offered on the󠃳󠂠󠂀󠂠󠃢󠂁󠂢󠃢󠂁󠂣󠃢󠂁󠂣󠃍󠂏󠃍󠂏 open market for the very first time, this rare La Jolla coastal opportunity delivers immediate cash flow alongside significant long-term development upside. Located just steps from iconic Windansea Beach, the property features two complete homes perfectly suited for high-end residential leasing or dual short-term vacation rentals (STVR). Highlighting alley access and a sizeable parcel, the asset presents lucrative potential for expansion or a lot division (buyer to verify). Ample parking includes 2 garage spaces per unit in addition to 4 uncovered driveway spaces for the front residence. A truly irreplaceable coastal portfolio addition combining prime La Jolla positioning with strong financial return. Offered on the open market for the very first time, this rare La Jolla coastal opportunity delivers immediate cash flow alongside significant long-term development upside. Located just steps from iconic Windansea Beach, the property features two complete homes perfectly suited for high-end residential leasing or dual short-term vacation rentals (STVR). Highlighting alley access and a sizeable parcel, the asset presents lucrative potential for expansion or a lot division (buyer to verify). Ample parking includes 2 garage spaces per unit in addition to 4 uncovered driveway spaces for the front residence. A truly irreplaceable coastal portfolio addition combining prime La Jolla positioning with strong financial return.

429-33 Nautilus St, La Jolla

$4,395,000

5 Beds ⋅ 5 Baths ⋅ 260008673 MLS ⋅ ACTIVE Status

Major Price Reduction. Do not miss this opportunity to own this La Jolla Village Gem. Please do not disturb the tenants and please do not walk on the property!! Shown with accepted offer. 7409-7415 Eads Ave offers an investor the opportunity to own an income producing property in one of the most desirable cities in the United States. Available are 5 very well maintained units located in the Village of La Jolla. The property offers immediate upside in rents as well as the possibility to increase NOI by charging for garages and utility reimbursement. The site includes multiple structures spread out on a large lot including a 2BR/1Bath House, a Studio Cottage, a 1BR/1Bath cottage and 2 1BR/1Bath apartment units situated above 4 garages. The property sits on a .24 ACRE lot so there is development potential to add more units (4 new construction) and convert the 4 garages into dwelling units. This would increase the unit count from the current 5, up to to 9 or 11 total units. Buyer/Developer responsible for their own feasibility study.

7409-7415 Eads Ave, La Jolla

$4,500,000

4330 Beds ⋅ 3464 Baths ⋅ 260008602 MLS ⋅ ACTIVE Status

***PRICED TO SELL*** Value Add Upside Potential***Renovate Ready**Rent Reposition***Ay Carumba Stabilized Coastal Multifamily Asset Market Value $6,900,000***Mediterranean Coastal Affluent Community Highly Walkable Coastal Lifestyle With Proximity To Coastal Amenities & Employment Centers*** Year Round Mild Temperatures Ranging Mid-50s to Mid-70s***92037***La Jolla Driven By Education*Healthcare*Biotechnology*Research*Tourism*Professional Services*Provide A Strong Economic Base Which Support Upscale Single Family Homes*Luxury Condominiums*Apartment Buildings* A Local Commercial Corridor Offering Convenient Access To Retail, Dining, And Personal Services Within Walking Distance Sustaining Long Term Rental Desirability & Investment Stability***0.2 Miles To Neptune/ WINDNSEA Beach *Coastal Bluff With Pacific Ocean Views ***6 Units***Total 4,571Sq Ft Of Living Area***(4/6 renovation ready and vacant)***Two 2BR/2BA approx 900 Sq ft***Two 2BR/1BA approx 800 sq ft***Two 1BR/1BA approx 600 SqFt***On A Flat Level 9,227 (95 x100) Sq Ft Prominent Usable Corner Lot Providing Dual Street Frontage (Rosemont & Electric) With Alley Access Providing Enhanced Accessibility & 4 One Car Garages (10x24)***$29,800 Long Term Monthly Market Rent/ $357,600 YR***5.55% Cap Rate***GRM 12.6***Holy Schmoly Short Term/AIRBNB Monthly Rent $50,000/$600,000 YR*** Ability to Generate Additional $127K+ per Year Converting Four (10x24) 240 Sq Ft Garages into Studios Renting For $2,650 Mth*** Going Going Gon_! *** Value Add Upside Potential***Renovate Ready**Rent Reposition***Ay Carumba Stabilized Coastal Multifamily Asset Market Value $6,900,000***Mediterranean Coastal Affluent Community Highly Walkable Coastal Lifestyle With Proximity To Coastal Amenities & Employment Centers*** Year Round Mild Temperatures Ranging Mid-50s to Mid-70s***92037***La Jolla Driven By Education*Healthcare*Biotechnology*Research*Tourism*Professional Services*Provide A Strong Economic Base Which Support Upscale Single Family Homes*Luxury Condominiums*Apartment Buildings* A Local Commercial Corridor Offering Convenient Access To Retail, Dining, And Personal Services Within Walking Distance Sustaining Long Term Rental Desirability & Investment Stability***0.2 Miles To Neptune/ WINDNSEA Beach *Coastal Bluff With Pacific Ocean Views ***6 Units***Total 4,571Sq Ft Of Living Area***(4/6 renovation ready and vacant)***Two 2BR/2BA approx 900 Sq ft***Two 2BR/1BA approx 800 sq ft***Two 1BR/1BA approx 600 SqFt***On A Flat Level 9,227 (95 x100) Sq Ft Prominent Usable Corner Lot Providing Dual Street Frontage (Rosemont & Electric) With Alley Access Providing Enhanced Accessibility & 4 One Car Garages (10x24)***$29,800 Long Term Monthly Market Rent/ $357,600 YR***5.55% Cap Rate***GRM 12.6***Holy Schmoly Short Term/AIRBNB Monthly Rent $50,000/$600,000 YR*** Ability to Generate Additional $127K+ per Year Converting Four (10x24) 240 Sq Ft Garages into Studios Renting For $2,650 Mth*** Going Going Gon_!

428-38 Rosemont St, La Jolla

$3,300,000

3 Beds ⋅ 3 Baths ⋅ 250046186 MLS ⋅ ACTIVE Status ⋅ Na BLDG.

The front home at 370 Nautilus Street is a charming single-level residence with 2 bedrooms, 2 baths, and a pool, featuring vaulted ceilings, abundant natural light, and timeless mid-century character. Angled clerestory windows create an airy atmosphere, while the inviting fireplace serves as the home's heart. Distinctive features include a rock-stone shower in the guest bath, a soaking tub in the primary suite, and a private front-yard pool perfect for entertaining, relaxing, or enjoying sunny coastal days. The rear residence, 372 Nautilus Street, is a private 1-bedroom, 1-bath home situated above two single-car garages with convenient access from North Lane. Offering a peaceful, treehouse-like setting among mature landscaping, this detached residence provides an ideal guest house, rental opportunity, or private retreat. Above, an exceptional rooftop deck features a fire pit, lounge area, and panoramic views of the Pacific Ocean and the surrounding La Jolla hills—creating the perfect backdrop for sunset gatherings and coastal living. Whether you are seeking a multi-unit investment property, a primary residence with supplemental rental income, a family compound, or a future redevelopment opportunity, this rare Windansea offering presents endless possibilities in one of La Jolla’s most desirable beachside neighborhoods. Experience the unique charm, community, and lifestyle that make Windansea Beach one of Southern California’s most treasured coastal destinations. From La Jolla Boulevard, head west along the iconic stretch of Nautilus Street to the Ocean!!! But best of all, witness some of the most spectacular sunsets the eyes can behold.

370-72 Nautilus St, La Jolla

$4,500,000

13 Beds ⋅ 13 Baths ⋅ 250041378 MLS ⋅ ACTIVE Status

BACK ON MARKET with major price reduction! 7447-7453 Hershel Avenue Apartments represents a unique value-add and location-driven opportunity in one of San Diego’s most desirable neighborhoods. Situated in La Jolla Village and walking distance to beaches, restaurants, and shopping, the property occupies an “A” location in an area that rarely trades. Originally constructed in 1953, the subject consists entirely of one-bedroom, one-bath units. With targeted interior renovations and exterior upgrades, there is potential to increase rents and overall property value, capturing additional upside in a strong market. The surrounding market supports sustained demand for multifamily rentals, with a median home sale price of $2.75 million as of July 2026 keeping homeownership out of reach for many and reinforcing the attractiveness of rental housing.

7447 Herschel, La Jolla

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La Jolla Multi-Family Properties for Sale

Newest La Jolla Multi-Family Homes for Sale

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