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    4961-67 Coronado Ave.

    San Diego, CA 92107
    • $2,745,000
    • STATUS: ACTIVE
    • ON SITE: 21 days
    • ID#: 200047037
    $2,745,000
    • 1
      BEDS
    • 0.16
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    A superbly located 8-unit apartment property in sought after South Ocean Beach, 4961-67 Coronado Avenue is just steps from an ocean lookout (Coronado Avenue), coastal trail access (Del Mar Avenue), and walking distance to Santa Cruz Cove beach (2 blocks) + nearby dining and shops. Besides its uniquely good location, only one property back from the bluff/direct ocean views, this property boasts 9 off-street parking spaces, in an area there parking is at a premium. The building has good bones, with an elevated foundation, pitched roof, and functional floor plans. Many upgrades have been done to the property, including vinyl plank flooring, dual-pane windows, floor coverings, newer cabinets and countertops, newer wall heaters and some recently placed water heaters (each unit with its own water heater). By virtue of its near ocean-front location and ample parking, the property is well-suited for continued upgrades and increased rents commensurate with upper end rents for the area, Or, strong vacation rentals

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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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/110566914
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    4961-67 Coronado Ave. San Diego, CA 92107

    • Price: $2,745,000
    • Status: ACTIVE
    • ID#: 200047037
    1
    Beds
    1
    Baths
    0
    ½ Baths
    0.16
    Acres
    Neighborhood:
    Ocean Beach (92107)
    County:
    San Diego
    Area:
    Ocean Beach (92107)
    Property Description
    A superbly located 8-unit apartment property in sought after South Ocean Beach, 4961-67 Coronado Avenue is just steps from an ocean lookout (Coronado Avenue), coastal trail access (Del Mar Avenue), and walking distance to Santa Cruz Cove beach (2 blocks) + nearby dining and shops. Besides its uniquely good location, only one property back from the bluff/direct ocean views, this property boasts 9 off-street parking spaces, in an area there parking is at a premium. The building has good bones, with an elevated foundation, pitched roof, and functional floor plans. Many upgrades have been done to the property, including vinyl plank flooring, dual-pane windows, floor coverings, newer cabinets and countertops, newer wall heaters and some recently placed water heaters (each unit with its own water heater). By virtue of its near ocean-front location and ample parking, the property is well-suited for continued upgrades and increased rents commensurate with upper end rents for the area, Or, strong vacation rentals
    Exterior Features

    Construction BrickFrameStucco Exterior Part Landscaped Parking Spaces Parking Spaces Total 9 Roof Composition Units With Garages 0

    Interior Features

    Cooling Other Floor Coverings Other/Remarks Heating Wall Sq Ft Of Improvement 3280 Stories 1 Story Unit Furnished1 0 Units With Dishwashers 0 Units With Disposals 0 Units With Ranges 8 Units With Refrigerators 8

    Property Features

    Actual Cap Rate 3.92 Actual Gross Operating Income 154440 Actual Gross Scheduled Income 158400.0 Actual Operating Expense 46778 Actual Vacancy And Credit Loss 3960 Assumable Finance 1120000 Buildings 1 Existing Financing Conventional Financial Information Source Owner Fiscal Year From 20 Fiscal Year To 21 Gross Equity 1625000 Gross Multiplier 17.33 Have Walking Distance To Beach Leased Apartments 8 Mandatory Remarks None Known Market Area Coastal South Monthly Rent Total 13200 Motive Want Sell Other Income Actual 0 Projected Gross Operating Inc 168480 Projected Gross Scheduled Inc 172800 Projected Net Income 121546 Projected Operating Expense 46934 Projected Other Income 140 Projected Vacancy And Credit Loss 4320 Short Sale No Sq Ft Source Tax Record Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Terms CashCash To New Loan Unit Number1 8 Unit Rent Total1 13200 Unit Rent1 1650 Unit Type Apartment

    Listing provided courtesy of Palma Commercial. Listing information © 2020 San Diego MLS Inc. Source: SDMLS
    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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101