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277-79 C Avenue

Coronado, CA 92118
  • $7,990,000
  • STATUS: ACTIVE
  • ON SITE: 30 Days
  • ID#: 240011359
UPDATED: 117 min ago
$7,990,000
  • 12
    BEDS
  • 0.17
    ACRES
  • 7
    BATHS
  • 0
    1/2 BATHS
  • 6,620
    SQFT
  • $1,207
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1888
County:

Description

Imagine stepping back in time to 1888, the year this unique, rare gem was built, cozily situated in the village of Coronado. A time when architecture was more than just bricks and mortar it was a work of art. This home is a testament to that era, a perfect embodiment of the Queen Anne Victorian architectural style. In 1999, this Victorian beauty was officially recognized for its historic significance and was designated as a Historic Resource. And just like a queen, it enjoys certain privileges. Thanks to the Mills Act, this property enjoys a reduction in property tax. A royal privilege, indeed. While the exterior retains its 19th-century charm, the interior underwent a complete makeover in 2017. This Victorian queen got a modern heart, with updated electrical, plumbing, and Cat5 cabling. But fret not, Victorian enthusiasts! The remodel was done with the utmost care to preserve the original spirit of the home. The house boasts 6 bedrooms, 4.5 baths, with 3,860 square feet of living space. The attic, once a forgotten space, has been transformed into the 6th bedroom, complete with its own kitchen and a full bathroom. But wait, there's more to this property than the Victorian beauty. Sitting at the back of the property are three (3) rental units, each with 2 bedrooms, 1 bath, and 920 square feet of space. A bonus for those looking for a potential source of income. The property is equipped with solar panels, located on the rental units. A big plus for those who are eco-conscious or simply looking to save on energy costs. it's a sought-after piece of Coronado's rich heritage.

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San Diego MLS logo 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 MLS. 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 MLS, Inc. Licensed in the state of California.
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277-79 C Avenue Coronado, CA 92118

  • Price: $7,990,000
  • Status: ACTIVE
  • On Site: 30 Days
  • Updated: 117 min ago
  • ID#: 240011359
12
Beds
7
Baths
0
½ Baths
0.17
Acres
6,620
SQFT
$1,207
$/SQFT
1888
Built
Neighborhood:
Village
County:
San Diego
Area:
Coronado (92118)
Elementary School:
Coronado Unified School District
Middle School:
Coronado Unified School District
High School:
Coronado Unified School District
Property Description
Imagine stepping back in time to 1888, the year this unique, rare gem was built, cozily situated in the village of Coronado. A time when architecture was more than just bricks and mortar it was a work of art. This home is a testament to that era, a perfect embodiment of the Queen Anne Victorian architectural style. In 1999, this Victorian beauty was officially recognized for its historic significance and was designated as a Historic Resource. And just like a queen, it enjoys certain privileges. Thanks to the Mills Act, this property enjoys a reduction in property tax. A royal privilege, indeed. While the exterior retains its 19th-century charm, the interior underwent a complete makeover in 2017. This Victorian queen got a modern heart, with updated electrical, plumbing, and Cat5 cabling. But fret not, Victorian enthusiasts! The remodel was done with the utmost care to preserve the original spirit of the home. The house boasts 6 bedrooms, 4.5 baths, with 3,860 square feet of living space. The attic, once a forgotten space, has been transformed into the 6th bedroom, complete with its own kitchen and a full bathroom. But wait, there's more to this property than the Victorian beauty. Sitting at the back of the property are three (3) rental units, each with 2 bedrooms, 1 bath, and 920 square feet of space. A bonus for those looking for a potential source of income. The property is equipped with solar panels, located on the rental units. A big plus for those who are eco-conscious or simply looking to save on energy costs. it's a sought-after piece of Coronado's rich heritage.
Exterior Features

Boat Facilities No/Unknown Exterior Wood Fencing Full Irrigation AutomaticDripSprinklers Parking For RV Other/Remarks Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 1 Parking Garage Spaces Unit3 1 Parking Garage Spaces Unit4 1 Pool N/K Pool Heat None Known Roof Composition Site Alley AccessCorner Lot Spa N/K Spa Heat None Known Topography Level Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 4 Units With Patios 4 View BayCityEvening Lights

Interior Features

Cooling Attic FanHeat Pump(s)Wall/WindowZoned Area(s) Furnished Units 1 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 1 Heat Equipment Zoned AreasOther/Remarks Heat Source ElectricSolar Stories 3 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 5 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups Yes Units With Cooling 4 Units With Dishwashers 5 Units With Dryers 4 Units With Fireplaces 1 Units With Range Oven 5 Units With Refrigerators 5 Units With Washers 4

Property Features

Actual Cap Rate 1.9 Age Restrictions N/K Annual Expense Actual 110000 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Complex Features N/K Complex Park Village Cross Streets 3rd Gross Rent Multiplier Actual 31.45 Gross Scheduled Income Actual 273700 Gross Scheduled Income Project 303000 Home Owners Assoc Fee Includes N/K Home Owners Fees 0.0 Jurisdiction Incorporated Mandatory Remarks None Known Market Area South Bay Miscellaneous Other/Remarks Monthly Total Fees 0 Net Operating Income Projected 122700 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Sales Restrictions Call AgentOther/Remarks Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications Cable (coaxial)Computer (cat5)Security Tenant Pays Cable TVElectricity Terms CashConventionalExchangeOther/Remarks Unit Number For Unit1 1209 3rd Unit Number For Unit2 1211 3rd Unit Number For Unit3 1207 3rd Unit Number4 Victorian Unit1 Deposit 1500 Unit1 Occupied Tenant Unit1 Projected Rent 3500.0 Unit1 Rent Actual 2510.0 Unit2 Deposit 2000 Unit2 Occupied Tenant Unit2 Projected Rent 3500.0 Unit2 Rent Actual 3150.0 Unit3 Deposit 1500 Unit3 Occupied Tenant Unit3 Projected Rent 4200 Unit3 Rent Actual 3050.0 Unit4 Deposit 6000 Unit4 Occupied Tenant Unit4 Projected Rent 14500 Unit4 Rent Actual 14100.0 Water Meter on Property Water District CITY OF NATIONAL CITY

San Diego MLS logo Listing provided courtesy of Joe Ellis of Joseph Ellis , Broker: 619-431-0461. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 MLS. 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 MLS, Inc. Licensed in the state of California.
 
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San Diego CA, 92101