248 Orange Ave, Coronado, CA 92118

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Kobe Zimmerman

kobezimmerman@bhhscal.com +1(858) 753-3353

$3,298,999

Est. payment - /mo

7 Beds

5 Baths

800 SqFt

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UPDATED:

10/31/2024 01:55 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 800 sqft

Price per Sqft $4,123

Subdivision Coronado Village

MLS Listing ID 240016295

Bedrooms 7

Full Baths 4

Half Baths 1

HOA Y/N No

Year Built 1984

Property Description

ORANGE AVE. MULTI-UNIT This well-maintained 4-unit apartment building is an incredible investment opportunity with significant potential for increased rental income. Current rents are below market value, and all tenants are on a month-to-month basis, providing flexibility for future adjustments. Shows as a 3 unit on tax roll, currently one of the townhouses was reconfigured to be a 2/1 bath and a studio on ground floor with direct garage access. New owner has the option to keep unit as is or return back into a Townhouse configuration. All, but one unit has renovated. Recent updates enhance the property's appeal, including all-new windows installed just a year ago and four brand-new garage doors with openers added just last month. **Apartment A (Studio):** - Bathroom has been completely redone - New vinyl flooring throughout - Updated kitchen with new cabinets and quartz countertops **Apartment B:** - New hot water heater installed just one year ago - Upgraded kitchen featuring new quartz countertops and brand-new appliances - New luxury vinyl plank (LVP) wood floors throughout **Apartment C:** - Fully renovated from top to bottom - Elegant bathroom with a tub and shower surrounded by marble tiles - New washer and dryer included - Modern kitchen with new cabinets, black honed granite countertops, and a stunning tile backsplash running up the entire wall This property is a rare find, offering immediate upside potential for the right investor. Don't miss out on this excellent opportunity!

Location

State CA

County San Diego

Community Coronado Village

Area Coronado (92118)

Interior

Heating Electric

Exterior

Exterior Feature Stucco

Parking Features Unit1:Attached Unit2:Attached Unit3:Attached Unit4:Attached

Community Features BBQ, N/K

Complex Features BBQ, N/K

Roof Type Composition

Building

Lot Description Alley Access, Sidewalks, Street Paved

Story 2

Lot Size Range 1-3999 SF

Sewer Sewer Connected

Water Meter on Property

Level or Stories 2 Story

Others

Acceptable Financing Cash, Conventional, Exchange

Space Rent $2,700

Listing Terms Cash, Conventional, Exchange

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Listed by Shirley Tajedini • Coldwell Banker Realty

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