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741 G Avenue Coronado, CA 92118
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Key Details
Sold Price $4,400,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 220013757SD
Sold Date 08/12/22
HOA Y/N No
Lot Size 7,000 Sqft
Property Sub-Type Mixed Use
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. Amenities: None
Location
State CA
County San Diego
Area 92118 - Coronado
Zoning R-3
Interior
Heating Forced Air
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 4
Others
Tax ID 5370710600
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash
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Bought with Ken Nagel Salas Properties
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