- For Sale $5,000,000
- Property Type Multi-Family
- Property Size 5,655 SF
- Units 13
- Lot Size 0.14 Acre
- Cap Rate % 3.72
- Year Built 1953
- Date Updated May 5, 2026
Description
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 onebedroom, 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. Renovated properties with comparable locations are listing units for approximately $6.00/ SF in rent. The surrounding market supports sustained demand for multifamily rentals, with a median home sale price of $2.237 million as of November 2025 keeping homeownership out of reach for many and reinforcing the attractiveness of rental housing. We invite you to learn more about this investment opportunity by reviewing this Offering Memorandum and then touring the Property with us
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Contacts
Kidder Mathews
Kidder Mathews
Kidder Mathews