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    814 4th Street

    Coronado, CA 92118
    • $3,650,000
    • STATUS: Active
    • ON SITE: 122 days
    • ID#: 200012760
    UPDATED: 24 min ago
    $3,650,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Take a look at this extremely rare investment opportunity located in the highly sought after and rarely traded city of Coronado, CA. Available are Ten Garden Style Apartment Units that have been well maintained by long term ownership. Two of the 10 units have been recently renovated. This is an excellent opportunity for a savvy investor to Renovate the remaining units while bringing the rents up to market and achieving close to a 5% Cap Rate. Nearby Renovated Units are achieving rents 40% Higher than The Subject Property. The Property has 2 Structures on a .16 ACRE Lot. The Pitched Roofs were replaced in the mid 2000+GGs and the Seller believes that they were 35 Year Shingles. Amenities: None

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-14T17:30:28.377. 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/104158365
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    814 4th Street Coronado, CA 92118

    • Price: $3,650,000
    • Status: Active
    • Updated: 24 min ago
    • ID#: 200012760
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    County:
    San Diego
    Property Description
    Take a look at this extremely rare investment opportunity located in the highly sought after and rarely traded city of Coronado, CA. Available are Ten Garden Style Apartment Units that have been well maintained by long term ownership. Two of the 10 units have been recently renovated. This is an excellent opportunity for a savvy investor to Renovate the remaining units while bringing the rents up to market and achieving close to a 5% Cap Rate. Nearby Renovated Units are achieving rents 40% Higher than The Subject Property. The Property has 2 Structures on a .16 ACRE Lot. The Pitched Roofs were replaced in the mid 2000+GGs and the Seller believes that they were 35 Year Shingles. Amenities: None
    Property Features

    Cap Rate 2.03 Country Us Gross Scheduled Income 141000.00 Net Operating Income 74077.00 Operating Expense 71348.00 Other Income1 368.00 Property Sub Type Commercial/Residential Total Monthly Rent 11750

    Listing provided courtesy of Thomas Mccartin of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-14T17:30:28.377. 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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