La JOLLA, CA—Capstone Properties and the village of La Jolla say they have added a newly-polished gem to the community's property inventory with the completed renovation of The Ivanhoe – La Jolla's newest class A office building.
Capstone Advisors, a real estate investment and development company headquartered in Carlsbad, purchased the 33,417 square-foot office building in 2014. The three-story building, located at 7817 Ivanhoe Ave., sits over three levels of subterranean parking with four parking spaces per 1,000 square feet which is a rarity in parking-constrained La Jolla.
Since its purchase, the property has undergone a $1.5 million transformation including a fully renovated lobby, completely rebuilt restrooms, upgraded hallways, parking garage and exterior hardscape improvements, new exterior lighting and paint, and new drought-resistant landscaping.
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