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    4961 Coronado

    San Diego, CA 92107
    • $2,995,000
    • STATUS: Active
    • ON SITE: 59 days
    • ID#: 200022066
    UPDATED: 53 min ago
    $2,995,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Located within +/-1.5 Blocks of nearby cove beaches and coastal trails, walking distance to Sunset Cliffs and local dining standouts, this uniquely well-located South Ocean Beach multifamily investment property offers diversity in its options for potential operations and level of upgrades. It's highly desirable coastal location allows for strong long-term and/or short-term rentals, as a proven market for both. In good condition now, with several recently upgraded units, with newer cabinets, vinyl plank flooring, countertops, wall heaters, window coverings, dual-pane vinyl windows throughout, pitched roof in seemingly good shape, elevated foundation, ample off-street parking (9 spaces for 8 units), a higher-end level of renovations would be justified at this location and with these bones. All 1br/1ba units averaging 410 SF each. Currently no laundry on-site, yet there is an area where one could be installed. Built of wood-frame construction upon an elevated foundation with pitched roof now with composition shingles, this 1955-era built property is near top of the bluff that is walking distance to Santa Cruz Cove Beach, Del Mar Avenue lookout, South OB and Sunset Cliffs coastal trails, as well as restaurants and the OB Pier. Well-maintained with several updated units, and with very low operating expenses, this property is well-positioned for continued desirability, and further upside via additional upgrades. Tenants pay their own gas and electric, separately metered for both. The property is on city trash. Very minimal landscaping. Good opportunity for vacation rentals when that market returns, and always a great location for long-term rentals.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-14T19:31:09.943. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

    www.homefinderorangecounty.com/homes/105932337
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    4961 Coronado San Diego, CA 92107

    • Price: $2,995,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: 200022066
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    County:
    San Diego
    Property Description
    Located within +/-1.5 Blocks of nearby cove beaches and coastal trails, walking distance to Sunset Cliffs and local dining standouts, this uniquely well-located South Ocean Beach multifamily investment property offers diversity in its options for potential operations and level of upgrades. It's highly desirable coastal location allows for strong long-term and/or short-term rentals, as a proven market for both. In good condition now, with several recently upgraded units, with newer cabinets, vinyl plank flooring, countertops, wall heaters, window coverings, dual-pane vinyl windows throughout, pitched roof in seemingly good shape, elevated foundation, ample off-street parking (9 spaces for 8 units), a higher-end level of renovations would be justified at this location and with these bones. All 1br/1ba units averaging 410 SF each. Currently no laundry on-site, yet there is an area where one could be installed. Built of wood-frame construction upon an elevated foundation with pitched roof now with composition shingles, this 1955-era built property is near top of the bluff that is walking distance to Santa Cruz Cove Beach, Del Mar Avenue lookout, South OB and Sunset Cliffs coastal trails, as well as restaurants and the OB Pier. Well-maintained with several updated units, and with very low operating expenses, this property is well-positioned for continued desirability, and further upside via additional upgrades. Tenants pay their own gas and electric, separately metered for both. The property is on city trash. Very minimal landscaping. Good opportunity for vacation rentals when that market returns, and always a great location for long-term rentals.
    Exterior Features

    Roof Composition

    Interior Features

    Heating Wall Furnace Heating YN Yes

    Property Features

    Country Us Gross Scheduled Income 158400.00 Net Operating Income 104440.00 Operating Expense 50000.00 Property Sub Type Commercial/Residential Total Monthly Rent 13200

    Listing provided courtesy of Joseph Burrough of Palma Commercial


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-14T19:31:09.943. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Z Team OC Real Estate | Keller Williams Realty. Licensed in the State of California, USA.

     
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