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Key Details
Sold Price $3,250,000
Property Type Single Family Home
Sub Type Com-Res Income
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 230004688
Sold Date 04/13/23
Bedrooms 7
Property Sub-Type Com-Res Income
Property Description
Steeped longtime in a Coronado family tradition, introducing a RARE 6-unit plus 2 garages offering in the Village. This property has been a solid investment hold for decades, but now it is time to transition to new owners and begin a revival. The property is ideally located steps to the schools, parks, houses of worship and Mainstreet Coronado. What's most important is that due to current zoning laws, you could not build this property today with this same lot size. It is an ideal maximization of the land versus structures built, so that the cash return on investment has exceptional potential. The current tenancy is very solid with excellent history. The units themselves are standard "bread and butter" and in need of some tender rehab. There is tremendous upside over the long term and it is quite possibly one of the best opportunities in years to own multi-unit rental property on the island.
Location
State CA
County San Diego
Area South Bay
Direction From Orange Ave, turn W on 7th St. Complex is on corner of 7th St and E Ave.
Interior
Fireplace No
Exterior
Parking Features Garages, Other/Remarks
View Y/N No
Roof Type Composition
Building
Story 2
Others
Senior Community No
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Call Agent
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscal.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP

Bought with Bradley McMorrow Bradley McMorrow, Broker




