About 428-38 Rosemont St
***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_!
Features of 428-38 Rosemont St
| MLS® # | 260008602 |
|---|---|
| Price | $4,500,000 |
| Bedrooms | 4330 |
| Bathrooms | 3464.00 |
| Full Baths | 3464 |
| Acres | 0.21 |
| Type | Residential Income |
| Sub-Type | Com-Res Income |
| Status | Active |
Community Information
| Address | 428-38 Rosemont St |
|---|---|
| Area | LA JOLLA (92037) |
| City | La Jolla |
| County | San Diego |
| State | CA |
| Zip Code | 92037 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | Garages |
| Is Waterfront | No |
| Has Pool | Yes |
Interior
| Heating | Wall |
|---|---|
| Fireplace | Yes |
| # of Stories | 2 |
| Stories | 2 Story |
Exterior
| Roof | Composition |
|---|---|
| Construction | Block |
Additional Information
| Date Listed | April 11th, 2026 |
|---|---|
| Days on Market | 124 |
| Zoning | RM-1-1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Listing Office | Robert Realty |
Price History for MLS #260008602
| Date | Details | Change |
|---|---|---|
| Price Reduced from $5,250,000 to $4,500,000 |