5664 Abalone Place

Abalone Place  |   La Jolla

Canter Companies is pleased to present an exclusive opportunity to invest alongside a highly qualified infill developer in the prime Bird Rock neighborhood in La Jolla, CA. Canter Companies’ strategy is to acquire an original 1950’s 1,500 SF ranch-style single family residence positioned an ideal one block away from the Pacific Ocean, go through an extensive rehab and permitting process, and ultimately reposition and sell the asset as a 2,800-3,000 SF two-story residence with sweeping ocean views.

Through its extensive neighborhood presence, Canter Companies located and placed into escrow this unique asset at an acquisition price which makes development feasible. The Bird Rock neighborhood west of La Jolla Blvd has gone through extensive gentrification in the past decade, and, as a result, there are very few original structures with value-add potential left. La Jolla as a whole has also seen a strong resurgence in pricing and demand since the recession of the late 2000’s which affords this opportunity a significant value upside.

 

Canter Development

655 West Broadway
Suite 1650
San Diego, CA 92101

Get In Touch

www.canterdevelopment.com
info@canterdevelopment.com
T: 619.546.0973
F: 619.795.6638