See all 14 photos
14 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$3,875,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260024203SD
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
It is a distinct honor to present for sale for the first time in over thirty years, 971-79 D Avenue, Coronado, CA 92118, an exceptionally well-located five (5) unit multifamily property, ideally situated within three blocks from the beach, the iconic Hotel Del Coronado, and abundant shopping & dining along Orange Avenue. This charming garden-style community has Two (2) one-bedroom/one-bathroom units (±615 SF), and three (3) two-bedroom/two-bathroom units (±872 SF). There are three surface off-street parking spaces and two garages, as well as a laundry room and three large storage rooms on-site. The property features paved walkways accented by perimeter landscaping, including lush lawn(s), mature Magnolia trees, and well-manicured shrubs/flowers. Estimated to have been built in ±1949, the property is on a corner lot and features a two-story building, built of wood-frame construction upon an elevated foundation. The building has stucco exterior, a pitched roof, and many windows that have been replaced with dual-pane vinyl. Select units have been upgraded with vinyl plank flooring and lightly remodeled kitchens and bathrooms. Units are separately metered for gas and electricity, and there is a wide rear setback with space for bike/board storage for the residents. Given its unique and desirable coastal location, within walking distance to the beach, Hotel Del Coronado, shopping/dining, Glorietta Bay, et al., coupled with its good unit mix as a well-maintained Five-unit apartment community, near many multi-million dollar estates, this property is sure to do well. The astute investor or nearby resident could do several things to improve operating performance, including: 1) modernization of unit interiors to a very high-end level; 2) Adding an ADU; and/or 3) operating some units as mid-term or short-term rentals (where allowed by the city of Coronado).
Location
State CA
County San Diego
Area 92118 - Coronado
Interior
Heating Wall Furnace
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 5
Others
Tax ID 5373321300
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Read Less Info
Listed by Joseph Burrough Palma Commercial #02014504
MORTGAGE CALCULATOR
Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
Get more info from a local expert!
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION