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870 D Avenue

Coronado, CA 92118
  • $4,750,000
  • STATUS: ACTIVE
  • ON SITE: 37 Days
  • ID#: 240010914
$4,750,000
  • 8
    BEDS
  • 0.18
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 3,414
    SQFT
  • $1,391
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

LOCATION! LOCATION! LOCATION! First time on market in decades, a unique opportunity presents itself in the Coronado Village at 870 D Avenue. Situated on the esteemed Island of Coronado, this triplex is a legacy asset encompassing one Victorian Single Family House (4 Bedroom/ 3 Bath + Loft) and two (2 Bedroom/ 1 Bathroom) units. 870 D Avenue features fully upgraded finishes including luxury vinyl plank floors, custom cabinetry, new countertops/backslashes, laundry in unit, let alone AC in the living areas paired with modern amenities. Nestled just blocks away from the renowned Coronado Center Beach & walking distance to all the restaurants/shops along Orange Ave., this property boasts a superb 94 Walk Score showing its prime location to all Coronado has to offer. With five off-street parking space located in the alley & an additional side deck, this property offers Coronado's charm with ease for owner-users or tenants alike. In addition, 870 D Avenue sits on a generous 7,843 square foot lot Zoned R-3, not only promising immediate returns but also hinting at future development opportunities. 870 D Avenue is primed for discerning buyers seeking a slice of the rarely traded island of Coronado. Whether it's maximizing rental income, personal occupancy, or development, the possibilities are abundant.

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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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870 D Avenue Coronado, CA 92118

  • Price: $4,750,000
  • Status: ACTIVE
  • On Site: 37 Days
  • ID#: 240010914
8
Beds
5
Baths
0
½ Baths
0.18
Acres
3,414
SQFT
$1,391
$/SQFT
Neighborhood:
Coronado
County:
San Diego
Area:
Coronado (92118)
Property Description
LOCATION! LOCATION! LOCATION! First time on market in decades, a unique opportunity presents itself in the Coronado Village at 870 D Avenue. Situated on the esteemed Island of Coronado, this triplex is a legacy asset encompassing one Victorian Single Family House (4 Bedroom/ 3 Bath + Loft) and two (2 Bedroom/ 1 Bathroom) units. 870 D Avenue features fully upgraded finishes including luxury vinyl plank floors, custom cabinetry, new countertops/backslashes, laundry in unit, let alone AC in the living areas paired with modern amenities. Nestled just blocks away from the renowned Coronado Center Beach & walking distance to all the restaurants/shops along Orange Ave., this property boasts a superb 94 Walk Score showing its prime location to all Coronado has to offer. With five off-street parking space located in the alley & an additional side deck, this property offers Coronado's charm with ease for owner-users or tenants alike. In addition, 870 D Avenue sits on a generous 7,843 square foot lot Zoned R-3, not only promising immediate returns but also hinting at future development opportunities. 870 D Avenue is primed for discerning buyers seeking a slice of the rarely traded island of Coronado. Whether it's maximizing rental income, personal occupancy, or development, the possibilities are abundant.
Exterior Features

Exterior Wood/Stucco Fencing Full Roof Tile/Clay Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 2

Interior Features

Cooling Central Forced Air Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories 2 Story Total Baths Unit1 3 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Units With Cooling 3 Units With Dishwashers 3 Units With Dryers 3 Units With Fireplaces 1 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 3

Property Features

Actual Cap Rate 1.87 Age Restrictions N/K Annual Expense Actual 64756 Annual Expense Projected 64756 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Complex Park Coronado Cross Streets Orange Gross Rent Multiplier Actual 29.99 Gross Rent Multiplier Project 19.31 Gross Scheduled Income Actual 158400 Gross Scheduled Income Project 246000 Mandatory Remarks None Known Market Area South Bay Monthly Total Fees 0 Net Operating Income Projected 173864 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 3.66 Projected Other Income 0.0 Sales Restrictions N/K Security Gated Community Short Sale No Tenant Pays Other/Remarks Terms CashConventionalExchangeFHAVA Unit1 Deposit 6700 Unit1 Occupied Tenant Unit1 Projected Rent 16500.0 Unit1 Rent Actual 6700.0 Unit2 Deposit 3500 Unit2 Occupied Tenant Unit2 Projected Rent 4250.0 Unit2 Rent Actual 3500.0 Unit3 Deposit 3000 Unit3 Occupied Tenant Unit3 Projected Rent 4250 Unit3 Rent Actual 3000.0

San Diego MLS logo Listing provided courtesy of Aaron Bove of Marcus & Millichap: 858-945-7094. 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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