$4,400,000
$4,995,000
11.9%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
3,320 SqFt
SOLD DATE : 08/12/2022
Key Details
Sold Price $4,400,000
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Sold
Purchase Type For Sale
Square Footage 3,320 sqft
Price per Sqft $1,325
MLS Listing ID 220013757
Sold Date 08/12/22
Bedrooms 2
Lot Dimensions 50x140
Property Sub-Type Com-Res Income
Property Description
Rare opportunity to purchase a 5 (five) unit apartment complex located in the highly desirable beach community of Coronado. The property has been family owned for over 25 years, providing new ownership the opportunity to renovate apartment interiors to achieve significant rent premiums comparable to surrounding luxury rentals. The property boasts a favorable unit mix including 4 - 2 Bedroom/1Bath apartments and 1 - Studio apartment. Amenities include a spacious outdoor common area, off street parking and onsite laundry. DEVELOPMENT OPPORTUNITY - One of few remaining R-3 development sites in Coronado. Zoning allows for a 4 unit cloud Single Family development. All tenants on month-to-month tenancies.
Location
State CA
County San Diego
Area South Bay
Zoning R-3
Interior
Heating Central Forced Air Gas
Flooring Slab, Wood
Fireplace No
Laundry Owned
Exterior
Parking Features Spaces
View Y/N No
Roof Type Composition
Total Parking Spaces 4
Building
Story 2
Others
Senior Community No
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Estate
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Bought with Ken Nagel Salas Properties