Listing provided courtesy of Thomas McCartin of Marcus & Millichap. Last updated 2020-03-14 09:20:40.000000. Listing information © 2019 SANDICOR.
Asking Price: $3,650,000
814 4th Street, Coronado CA 92118
Community: South Bay
This Com-Res Income property was built in and is priced at $3,650,000. Please see the additional details below.
- 0 Sq Ft
- 1 bathrooms
- 0 bedrooms
- MLS#: 200012760
- Type: Com-Res Income
- Year Built:
Take a look at this extremely rare investment opportunity located in the highly sought after and rarely traded city of Coronado, CA. Available are Ten Garden Style Apartment Units that have been well maintained by long term ownership. Two of the 10 units have been recently renovated. This is an excellent opportunity for a savvy investor to Renovate the remaining units while bringing the rents up to market and achieving close to a 5% Cap Rate. Nearby Renovated Units are achieving rents 40% Higher than The Subject Property. The Property has 2 Structures on a .16 ACRE Lot. The Pitched Roofs were replaced in the mid 2000’s and the Seller believes that they were 35 Year Shingles.