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Property for sale: 870 D Avenue in Coronado

870 D Avenue Coronado

Main Photo: Property for sale: 870 D Avenue in Coronado
$4,750,000
Prop. Type:
2-4 Units
MLS® Num:
240010914
Status:
Active
Year Built:
999
LOCATION! LOCATION! LOCATION! First time on market in decades, a unique opportunity presents itself in the Coronado Village at 870 D Avenue. Situated on the esteemed Island of Coronado, this triplex is a legacy asset encompassing one Victorian Single Family House (4 Bedroom/ 3 Bath + Loft) and two (2 Bedroom/ 1 Bathroom) units. 870 D Avenue features fully upgraded finishes including luxury vinyl plank floors, custom cabinetry, new countertops/backslashes, laundry in unit, let alone AC in the living areas paired with modern amenities. Nestled just blocks away from the renowned Coronado Center Beach & walking distance to all the restaurants/shops along Orange Ave., this property boasts a superb 94 Walk Score showing its prime location to all Coronado has to offer. With five off-street parking space located in the alley & an additional side deck, this property offers Coronado's charm with ease for owner-users or tenants alike. In addition, 870 D Avenue sits on a generous 7,843 square foot lot Zoned R-3, not only promising immediate returns but also hinting at future development opportunities. 870 D Avenue is primed for discerning buyers seeking a slice of the rarely traded island of Coronado. Whether it's maximizing rental income, personal occupancy, or development, the possibilities are abundant.
Total Floor Area:
Switch units of measure7,843 sq. ft.
Lot Size:
7,500-10,889 SF
Number of Buildings:
2
Number of Units:
3
Year Built:
999
Stories:
2 Story
Total Stories:
2
Market Area:
South Bay
County:
San Diego
Neighborhood Code:
Coronado
Name of Complex/Subdivision:
Coronado
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
Other/Remarks
Projected net operating income:
173864
Other income:
0
Projected other income:
0.0
Annual expense actual:
64756
Projected annual expense:
64756
Cap Rate.:
1.87
Projected Cap Rate.:
3.66
Gross Rent Multiplier:
29.99
Projected Gross Rent Multiplier:
19.31
Gross scheduled income:
158400
Projected gross scheduled income:
246000
Finished Area for Unit 1:
Switch units of measure1,914 sq. ft.
Bedrooms for Unit 1:
4
Number of bathrooms for Unit 1:
3
Full Bathrooms for Unit 1:
3
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
6700.0
Total Rent for Unit 1:
6700.0
Projected Rent for Unit 1:
16500.0
Unit 1 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 1:
Yes
Finished Area for Unit 2:
Switch units of measure750 sq. ft.
Bedrooms for Unit 2:
2
Number of bathrooms for Unit 2:
1
Full Bathrooms for Unit 2:
1
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
3500.0
Total Rent for Unit 2:
3500.0
Projected Rent for Unit 2:
4250.0
Unit 2 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 2:
Yes
Finished Area for Unit 3:
Switch units of measure750 sq. ft.
Bedrooms for Unit 3:
2
Number of bathrooms for Unit 3:
1
Full Bathrooms for Unit 3:
1
Half Bathrooms for Unit 3:
0
Deposit for Unit 3:
3000.0
Total Rent for Unit 3:
3000.0
Projected Rent for Unit 3:
4250.0
Unit 3 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 3:
Yes
Number of bathrooms for Unit 4:
0
Orange
Exterior Features:
Wood/Stucco
Cooling:
Central Forced Air
Number of Units with Cooling:
3
Number of Units with Dishwashers:
3
Number of Units with Dryers:
3
Number of Units with Fireplaces:
1
Number of Furnished Units:
0
Number of Units with Garages:
0
Number of Units with Patios:
2
Number of Units with Range/Oven:
3
Number of Units with Refrigerators:
3
Number of Units with Washers:
3
Roof:
Tile
Security:
Gated Community
Fencing:
Full
Short Sale:
No
Listing Type:
Exclusive Right (R)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cash, Conventional, Exchange, FHA, VA
Parcel Number:
537-241-25-00
Listed by Marcus & Millichap
Data was last updated June 16, 2024 at 03:10 PM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty
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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego Multiple Listing Service, Inc.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego Multiple Listing Service, Inc.