4240 La Jolla Village Dr, La Jolla, CA 92037 – Hotel/Motel, Low-rise (1 - 3 stories)

ServiceYear Built 1986Total Assessed Value $130,689,988County San Diego

Property Details

The Service property 4240 La Jolla Village Dr, La Jolla, CA 92037 is located in San Diego County. The specific property type is Hotel/Motel, Low-rise (1 - 3 stories). The total assessed value of this property is $130,689,988.

The gross building area is 99,999 square feet and the land area is 198,633 square feet for this Hotel/Motel, Low-rise (1 - 3 stories) built in 1986.

Legal description: Dist:0020 City/Muni/Twp:San Diego Subd:Regents Park Tr 10703 Lot 4 Map Ref:010703

$130,689,988

Market Value

8.25%

Cap Rate

N/A

NOI

N/A

Occupancy

Avg Rent

1 / 4

Property Information

Property TypeService

Sub Property TypeHotel/Motel, Low-rise (1 - 3 stories)

Building Area99,999

Land Size198,633

Land Value$24,372,304

Improved Value$106,317,684

Total Assessed Value$130,689,988

Year Built1986

County NameSan Diego

Account Number345-161-04-00

Cap Rate8.25%

Very Walkable

Good Transit

Bikeable

Amenities

HeatingNone

Type ConstructionOther

Number of Units372

Sales History

10/19/2022

Arms-lengthNot Disclosed

Buyer

La Jolla 2 Hotel Operator Llc

Seller

Cwi 2 La Jolla Hotel Lp

Book Number

2022.412912

Recording Date

10/19/2022

Transaction Details

La Jolla 2 Hotel Operator Llc acquired the property from Cwi 2 La Jolla Hotel Lp through a Arms-length transaction on 10/19/2022 for .

1/27/2022

Arms-lengthNot Disclosed

Buyer

La Jolla 2 Hotel Operator Llc

Seller

Cwi 2 La Jolla Hotel Lp

Book Number

2022.39673

Recording Date

1/27/2022

Transaction Details

La Jolla 2 Hotel Operator Llc acquired the property from Cwi 2 La Jolla Hotel Lp through a Arms-length transaction on 1/27/2022 for .

7/21/2016

Arms-length$130,851,000

Buyer

Cwi 2 La Jolla Hotel Lp

Seller

Hei La Jolla Llc

Book Number

2016-0371151

Recording Date

7/21/2016

Transaction Details

Cwi 2 La Jolla Hotel Lp acquired the property from Hei La Jolla Llc through a Arms-length transaction on 7/21/2016 for $130,851,000.

7/21/2011

Arms-length$70,940,000

Buyer

Hei La Jolla Llc

Seller

Massachusetts Mutual Life Insurance Comp

Book Number

2011.371227

Recording Date

7/21/2011

Transaction Details

Hei La Jolla Llc acquired the property from Massachusetts Mutual Life Insurance Comp through a Arms-length transaction on 7/21/2011 for $70,940,000.

Property constructed in 1986

YSale Price (USD) byXSales Year

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Mortgage History

7/21/2016

Helocs both purchase money and non purchase money helocs$85,000,000

Borrower

Cwi 2 La Jolla Hotel Lp

Lender

Book Number

2016.371152

Recording Date

7/21/2016

Transaction Details

Cwi 2 La Jolla Hotel Lp borrowed the property from through a Helocs both purchase money and non purchase money helocs transaction on 7/21/2016 for $85,000,000.

6/25/2014

Sale$60,000,000

Borrower

Hei La Jolla Llc

Lender

Wells Fargo Bank Na

Book Number

2014-0265527

Recording Date

6/25/2014

Transaction Details

Hei La Jolla Llc borrowed the property from Wells Fargo Bank Na through a transaction on 6/25/2014 for $60,000,000.

5/3/2012

Sale$39,000,000

Borrower

Hei La Jolla Llc

Lender

Wells Fargo Bank Na

Book Number

2012-0263053

Recording Date

5/3/2012

Transaction Details

Hei La Jolla Llc borrowed the property from Wells Fargo Bank Na through a transaction on 5/3/2012 for $39,000,000.

11/5/2008

Arms length residential transactions purchase or resales$15,000,000

Borrower

Massachusetts Mutual Life Insurance Comp

Lender

Connecticut General Life Insurance Compa

Book Number

2008-0579364

Recording Date

11/5/2008

Transaction Details

Massachusetts Mutual Life Insurance Comp borrowed the property from Connecticut General Life Insurance Compa through a Arms length residential transactions purchase or resales transaction on 11/5/2008 for $15,000,000.

Property constructed in 1986

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Assessment History

Assessment Year ↓	Assessed Land Value ↕	Assessed Improved Value ↕	Assessed Total Value ↕	Market Value ↕	Owner Name ↕	Owner Address ↕	Legal Description ↕	Neighborhood Code ↕	Sub Division ↕	Land Size (SF) ↕	GBA (SF) ↕
2025	$24,372,304	$106,317,684	$130,689,988	$130,689,988	Cwi 2 La Jolla Hotel...	1 Rockefeller Plz Fl...	Dist:0020 City/Muni/...	-	Regents Park	198,633	99,999
2023	$23,425,899	$102,189,240	$125,615,139	$125,615,139	Not Provided	Po Box 635356	DIST:0020 CITY/MUNI/...	-	Regents Park	198,634	99,999
2022	$22,966,568	$100,185,530	$123,152,098	$123,152,098	C W I 2 La Jolla Hot...	600 5th Ave #9	Lot 4\	-	REGENTS PARK	198,634	99,999
2021	-	-	-	-	C W I 2 La Jolla Hot...	600 5th Ave #9	Lot 4\	-	Regents Park	193,924	99,999
2020	$22,285,368	$114,461,894	$136,747,262	$136,747,262	C W I 2 La Jolla Hot...	600 5th Ave #9	Lot 4\	-	Regents Park	193,924	99,999
2019	$21,848,400	$112,217,544	$134,065,944	-	C W I 2 La Jolla Hot...	600 5th Ave	TR 10703 LOT 4	-	REGENTS PARK	198,633	-
2018	$21,420,000	$110,017,200	$131,437,200	-	C W I 2 La Jolla Hot...	600 5th Ave	010703 LOT 4	-	REGENTS PARK	198,633	-
2017	$21,000,000	$107,860,000	$128,860,000	-	Cwi 2 La Jolla Hotel...	272 E Deerpath	010703 LOT 4	-	REGENTS PARK	198,633	-
2016	$12,732,487	$73,086,982	$85,819,469	-	Cwi 2 La Jolla Hotel...	272 E Deerpath	010703 LOT 4	-	REGENTS PARK	198,633	-
2015	$12,541,234	$71,989,148	$84,530,382	-	H E I La Jolla L L C	101 Merritt 7 Corpor...	010703 LOT 4	-	REGENTS PARK	198,633	-

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Nearby Lenders

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Lender Name ↕	Property Address ↕	Loan Date ↕	Mortgage Amount ↕	Land Size (SF) ↕	Year Built ↕	GBA (SF) ↕	Total Assessed Value ↕	Land Assessed Value ↕	Borrower ↕
—	4240 La Jolla Village Dr, La Jolla, CA 92037	—	-	198,633	1986	99,999	$ 130,689,988	$ 24,372,304	-
Israel Discount Banknew York	7955 La Jolla Shores Dr, La Jolla, CA 92037	09/19/2025	$ 28,632,000	68,825	1973	65,663	$ 37,204,704	$ 20,808,000	-
Acrefi Msb Llc	500 Hotel Cir, San Diego, CA 92108	08/28/2025	$ 128,000,000	736,600	0	-	$ 112,736,770	$ 23,110,636	Hotel Circle Property Llc
Banner Bank	3939 Ocean Bluff Ave, San Diego, CA 92130	08/18/2025	$ 9,000,000	63,598	2008	57,119	$ 16,400,000	$ 4,098,000	Torrey Inn Lp
Mtg Capital Dev Corporation	723 Felspar St, San Diego, CA 92109	08/14/2025	$ 4,998,000	11,182	2005	32,223	$ 9,800,251	$ 5,394,462	Tower 23 Lp
Banner Bank	2575 Clairemont Dr, San Diego, CA 92117	08/04/2025	$ 9,600,000	60,113	0	-	$ 7,316,523	$ 1,664,269	Mbi 2024 Llc
Wells Fargo Bank Na	3299 Holiday Ct, La Jolla, CA 92037	06/13/2025	$ 9,000,000	343,688	0	68,159	$ 26,215,886	$ 9,551,905
Bank Of America Na	8901 Gilman Dr, La Jolla, CA 92037	06/13/2025	$ 57,400,000	370,260	1987	9,999	$ 88,934,536	-	La Jolla Ri Holdings Llc
State Bank Of India	4760 Mission Blvd, San Diego, CA 92109	04/23/2025	$ 4,250,000	9,383	1956	8,181	$ 2,144,920	$ 1,695,673	Pacific Beach Hospitality Lp
State Bank Of India	4760 Mission Blvd, San Diego, CA 92109	04/23/2025	$ 4,250,000	6,255	1972	5,054	$ 1,413,054	$ 1,161,848	Pacific Beach Hospitality Lp
State Bank Of India	700 Missouri Ave, Oceanside, CA 92054	04/23/2025	$ 4,250,000	6,255	1954	1,720	$ 1,318,850	$ 1,161,848	Pacific Beach Hospitality Lp

Mean$ 69,824,863

Median$ 10,100,000.0

Loan Amount Range$ 60,000 - $ 558,100,000

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Tenant Details

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Property Address ↕	Owner Name ↕	Phone ↕	Industry Description ↕
4240 LA JOLLA VILLAGE DR, LA JOLLA, CA 92037-1407	ACE PARKING	8585976301	PARKING STA/GARAGES EQUIP/SUPLS (WHLS)
4240 LA JOLLA VILLAGE DR, LA JOLLA, CA 92037-1407	CHARACTERS BAR GRILL	8585976394	RESTAURANTS
4240 LA JOLLA VILLAGE DR, LA JOLLA, CA 92037-1407	ACE PARKING	8585976301	PARKING STATIONS & GARAGES
4240 LA JOLLA VILLAGE DR, LA JOLLA, CA 92037-1495	MARRIOTT SAN DIEGO LA JOLLA	8585871414	HOTELS & MOTELS
4240 LA JOLLA VILLAGE DR, LA JOLLA, CA 92037-1407	ACE PARKING	6192400540	PARKING STATIONS & GARAGES
4240 LA JOLLA VILLAGE DR, LA JOLLA, CA 92037-1407	BIOCOM	8584550300	BUSINESS & TRADE ORGANIZATIONS
4240 LA JOLLA VILLAGE DR, LA JOLLA, CA 92037-1407	MARRIOTT SAN DIEGO	8585871414	FEDERAL GOVERNMENT CONTRACTORS
4240 LA JOLLA VILLAGE DR, LA JOLLA, CA 92037-1407	4240 RESTAURANT	8585871414	RESTAURANTS
4240 LA JOLLA VILLAGE DR, LA JOLLA, CA 92037-1407	MARRIOTT SAN DIEGO	8585871414	CONSTRUCTION COMPANIES

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License Details

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