$2,999,900
$3,450,000
13.0%For more information regarding the value of a property, please contact us for a free consultation.
7,069 Sqft Lot
SOLD DATE : 10/06/2023
Key Details
Sold Price $2,999,900
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PTP2301509
Sold Date 10/06/23
HOA Y/N No
Year Built 1937
Lot Size 7,069 Sqft
Lot Dimensions Assessor
Property Description
Rare opportunity to “own” a legacy piece of property in the famous & stunning Isle of Coronado with its white sandy beaches. This fabulous property built in 1937 is only 2.5 blocks to the water and has amazing walkability to all restaurants, bars, shops, and the Ferry to downtown San Diego & Petco Park. 4 units with 4 garages, corner 7,070 sf lot with “rare” R-3 zoning. Unit mix - “three” 1 BR / 1 BA units in a single level triplex with 9' ceilings. 4th unit is a 2 BR / 1 BA situated over 4 one car garages – 2 converted to 420'sf of office space w/full bath. Unit shown in pictures is the front 1/1 is renovated, furnished as a monthly vacation rental - 30+ days. Call listing agent for income/expenses/proforma. Options! Live in the property, increase current rents and/or develop the property and build 4 luxury homes that could be sold individually. Don't miss your opportunity to own this property, first time on the market in decades. Do not disturb tenants. Buyer to verify development feasibility and all building requirements with the City of Coronado
Location
State CA
County San Diego
Area 92118 - Coronado
Zoning R-3
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
View Y/N No
Roof Type Composition
Total Parking Spaces 5
Private Pool No
Building
Lot Description Corner Lot, Landscaped, Sprinkler System
Story 2
Water Public
New Construction No
Others
Senior Community No
Tax ID 5361521000
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Special Listing Condition Standard
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Bought with Christoffer Groves • Groves Capital, Inc.