320-326 C Avenue

    Coronado, CA 92118
    • $1,849,000 - $2,299,000
    • STATUS: ACTIVE
    • ON SITE: 13 days
    • ID#: 190025296
    $1,849,000 - $2,299,000
    • 7
      BEDS
    • 0.16
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 2,700
      SQFT
    • $851
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1950
    County:

    School Ratings & Info

    Description

    Very unique property with 4 permitted non-conforming units on quiet street in R1B zoning. Significant opportunity to increase rents, upgrade units or redevelop the site. Zoning code allows for improvement and enlargement of non-conforming units, additional FAR and Lot Coverage allowed by code. Underlying land consists of two separate lots that can be developed into two single family lots with accessory units. Possible boundary adjustment to separate the existing units or convert to SFR with rental units.

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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 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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/94583331

    320-326 C Avenue Coronado, CA 92118

    • Price: $1,849,000 - $2,299,000
    • Status: ACTIVE
    • ID#: 190025296
    7
    Beds
    4
    Baths
    0
    ½ Baths
    0.16
    Acres
    2,700
    SQFT
    $851
    $/SQFT
    1950
    Built
    Neighborhood:
    C Avenue
    County:
    San Diego
    Area:
    Coronado (92118)
    Property Description
    Very unique property with 4 permitted non-conforming units on quiet street in R1B zoning. Significant opportunity to increase rents, upgrade units or redevelop the site. Zoning code allows for improvement and enlargement of non-conforming units, additional FAR and Lot Coverage allowed by code. Underlying land consists of two separate lots that can be developed into two single family lots with accessory units. Possible boundary adjustment to separate the existing units or convert to SFR with rental units.
    Exterior Features

    Exterior Wood/Stucco Fencing Partial Frontage Dimensions In Feet 50 Lot Dimensions Approx 50 X 140 Roof Composition Site Alley Access Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard No Units With Garages 3 Units With Patios 3

    Interior Features

    Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Source Natural Gas Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Common Units With Cooling 0 Units With Dishwashers 4 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0 Water Heater Type Gas

    Property Features

    Actual Cap Rate 2.7 Age Restrictions N/K Annual Expense Actual 6000 Annual Expense Projected 31500 Association ID Pacific Southwest Association Of Realtors (Psar) Buildings 3 Cfd Mello Roos Fee 0 Community Coronado Village Complex Features Laundry Facilities Complex Park C Avenue Cross Streets 3rd Gross Rent Multiplier Actual 33 Gross Rent Multiplier Project 18 Gross Scheduled Income Actual 5815 Gross Scheduled Income Project 10500 Home Owners Fees 0 Jurisdiction Incorporated Mandatory Remarks None Known Mandatory Remarks For Value Range Pricing Seller Will Entertain Offers Between $1849000 - $2299000 Market Area South Bay Monthly Total Fees 0 Net Operating Income Projected 94500 Other Fees 0 Other Income Actual 0 Pets Yes Possession Call Listing Agent Projected Cap Rate 4.1 Projected Other Income 600 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications Cable (Coaxial) Tenant Pays Cable TvElectricityGas/Propane Terms Cash Unit Number For Unit1 320 Unit Number For Unit2 322 Unit Number For Unit3 324 Unit Number4 326 Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 2650 Unit1 Rent Actual 1400 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 2650 Unit2 Rent Actual 1340 Unit3 Deposit 0 Unit3 Occupied Tenant Unit3 Projected Rent 2750 Unit3 Rent Actual 1775 Unit4 Deposit 0 Unit4 Occupied Tenant Unit4 Projected Rent 1850 Unit4 Rent Actual 1300 Water Meter On Property Zoning R1b

    Listing provided courtesy of David Waitley Co Builder Sales. Listing information © 2019 San Diego MLS, Inc.
    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 © 2019 San Diego MLS, Inc. Licensed in the state of California.
     
    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101