7520 Mar

Description

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 4623 plus or minus sqft including the roughed in framing upstairs and downstairs. 50% completed and conveys with approved plans.SEE SUPPLEMENT MOTIVATED SELLER! 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 8-12 month Seller carry back. 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 +-+ bathrooms with plans to include another +-+ 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. Other Fees: 0 Sewer: Sewer Connected