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801-807 Coronado Ct

San Diego, CA 92109
  • $5,500,000
  • STATUS: PENDING
  • ON SITE: 6 Days
  • ID#: 220020100
Pending
$5,500,000
  • 3
    BEDS
  • 0.16
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are proud to present for sale, an extremely rare opportunity to own (10) well operated units, on two adjacent lots in South Mission Beach that is just steps to the sand. The unit mix is comprised of (2) Two bedroom / one bath units and (8) one bedroom / one bath units. There are (10) covered off-street parking spaces for tenants...................................................THERE IS AN EXTREME AMOUNT OF RENTAL UPSIDE HERE - NOT INCLUDING VACATION RENTAL PROJECTIONS................................. This property consists of two adjacent lots APN 423-717-01-00 & 423-717-02-00

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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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/131548816
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801-807 Coronado Ct San Diego, CA 92109

  • Price: $5,500,000
  • Status: PENDING
  • On Site: 6 Days
  • ID#: 220020100
3
Beds
2
Baths
0
½ Baths
0.16
Acres
Neighborhood:
Pacific Beach (92109)
County:
San Diego
Area:
Pacific Beach (92109)
Property Description
We are proud to present for sale, an extremely rare opportunity to own (10) well operated units, on two adjacent lots in South Mission Beach that is just steps to the sand. The unit mix is comprised of (2) Two bedroom / one bath units and (8) one bedroom / one bath units. There are (10) covered off-street parking spaces for tenants...................................................THERE IS AN EXTREME AMOUNT OF RENTAL UPSIDE HERE - NOT INCLUDING VACATION RENTAL PROJECTIONS................................. This property consists of two adjacent lots APN 423-717-01-00 & 423-717-02-00
Exterior Features

Carports 10 Construction DrywallFrame Parking Spaces Total 10

Interior Features

Sq Ft Of Improvement 5668 Stories 2 Story Unit Furnished1 No Unit Furnished2 No Units With Ranges 10 Units With Refrigerators 10

Property Features

Actual Gross Scheduled Income 260460.0 Actual Operating Expense 94601 Assumable Finance 1625000 Buildings 2 Existing Financing Fixed Rate Gross Equity 3500000 Gross Multiplier 21.1 Have 10 Units + 10 Parking Leased Apartments 10 Mandatory Remarks None Known Market Area Coastal South Monthly Rent Total 21005 Motive Want Sell Other Income Amount 700 Other Income Source Laundry Projected Cap Rate 4.7 Projected Gross Multiplier 15.3 Sq Ft Source Tax Record Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Unit Number1 8 Unit Number2 2 Unit Rent Total1 15512 Unit Rent Total2 5490 Unit Rent1 1939 Unit Rent2 2745 Unit Type Apartment

San Diego MLS logo Listing provided courtesy of South Coast Commercial, Inc.. Listing information © 2022 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 © 2022 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