810 G Avenue

    Coronado, CA 92118
    • $3,200,000
    • STATUS: PENDING
    • ON SITE: 69 days
    • ID#: 190026653
    Pending
    $3,200,000
    • 5
      BEDS
    • 0.17
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Moderna comprises of six large apartment homes on G Avenue in the heart of Coronado. The property features a superior unit mix of three, two-bedroom/two-bathroom units and three, three-bedroom/three-bathroom units. The two-bedroom units range in size from approximately 959-979 rentable square feet while the three-bedroom units range in size from approximately 1120-1312 rentable square feet. The Property boasts a common courtyard and five on-site parking spaces. In April of 2019, a new roof was installed. This is a unique offering as the current owner has begun a renovation process of the interior and exterior but has had to stop short for family reasons. This offers a new investor the opportunity to benefit from all of the owners current improvements.

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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/94820345

    810 G Avenue Coronado, CA 92118

    • Price: $3,200,000
    • Status: PENDING
    • ID#: 190026653
    5
    Beds
    4
    Baths
    0
    ½ Baths
    0.17
    Acres
    Neighborhood:
    Coronado (92118)
    County:
    San Diego
    Area:
    Coronado (92118)
    Property Description
    Moderna comprises of six large apartment homes on G Avenue in the heart of Coronado. The property features a superior unit mix of three, two-bedroom/two-bathroom units and three, three-bedroom/three-bathroom units. The two-bedroom units range in size from approximately 959-979 rentable square feet while the three-bedroom units range in size from approximately 1120-1312 rentable square feet. The Property boasts a common courtyard and five on-site parking spaces. In April of 2019, a new roof was installed. This is a unique offering as the current owner has begun a renovation process of the interior and exterior but has had to stop short for family reasons. This offers a new investor the opportunity to benefit from all of the owners current improvements.
    Exterior Features

    Construction Other/Remarks Parking Spaces Total 5

    Interior Features

    Cooling Other Floors Slab Sq Ft Of Improvement 6872

    Property Features

    Actual Cap Rate 5.62 Actual Gross Scheduled Income 253800 Actual Operating Expense 66278 Assessed Value Improved 3900000 Assumable Finance 0 Buildings 1 Complex Features Other/Remarks Existing Financing Other/Remarks Gross Equity 2000000 Gross Multiplier 12.61 Have Value Add Units Mandatory Remarks None Known Market Area South Bay Motive Want Sell Projected Cap Rate 5.62 Projected Gross Multiplier 12.61 Projected Gross Scheduled Inc 253800 Projected Net Income 179908 Unit Number1 3 Unit Number2 3

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