7520 Mar, , La Jolla, CA 92037
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
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 6-8 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 ½ bathrooms with plans to include another ½ 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.
|2020-09-17||Back on Market||$2,899,000|
|2020-08-01||Listed For Sale||$2,899,000|
|Master Bedroom Dimensions||18X16|
|Bedroom 2 Dimensions||14X12|
|Dining Room Dimensions||19X10|
|Living Room Dimensions||23X19|
|Family Room Dimensions||20X28|
|Entry Level Building|
|Entry Level Unit||0|
|Residential Unit Location|
|Lot Size||7,500-10,889 SF|
|Exclusive Use Yard|
|Parking Garage Spaces||2|
|Parking Garage Description||DetachedGarage - Two Door|
|Parking Spaces Total||4|
|Parking Non Garage Description|
|Parking Non Garage Spaces||2|
|Three Or More Steps For Entry|
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This 4,910 square feet, Split Level Detached home at 7520 Mar, La Jolla, CA 92037 was built in 1963, it has 4 bedrooms, 4 baths and priced at $2,899,000.
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