Description
Jones Lang LaSalle Americas, Inc., as exclusive advisor, is pleased to present the offering of Regents La Jolla (the “Property”, “Regents”), a 333-unit luxury condominium conversion opportunity located in the coveted coastal community of La Jolla, California. This offering presents a rare opportunity to capitalize on the insatiable demand for homeownership in UTC and complete the condominium sell-off at the Property, with recent one-bedroom residences selling for upwards of $700k and two-bedroom residences up to $1.1M.
Constructed in 1999/2000, Regents La Jolla is for-sale ready, existing as a fractured condo property with each of its 333-units separately parceled. Currently, the Property is operated as a for-rent apartment community. Regents La Jolla is part of a greater 574-unit community, of which includes 241 privately held residences that are not included in this offering. Current ownership of this offering (bulk owner) maintains majority control of the HOA.
Caractéristiques de l'actif
Média
Points clés d'investissement
- Luxury Condo Sell-Off Opportunity
- Proven Upside in Recent Transactions at Regents La Jolla
- Located in the Innovation Hub of San Diego
- Luxurious Renovated Residences
- Booming UTC Condominium Market
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