Coronado, CA 92118,904 7th St
Coronado, CA 92118,904 7th St
Coronado, CA 92118,904 7th St
$3,250,000
Est. payment /mo
$3,195,000
1.7%
Est.Price: ?

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7 Beds
SOLD DATE : 04/13/2023

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

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353

Our team is ready to help you sell your home for the highest possible price ASAP


MLS Router / San Diego MLS
Listed by Ken Pecus eXp Realty of California, Inc
Bought with Bradley McMorrow Bradley McMorrow, Broker
Kobe Zimmerman

+1(858) 753-3353

kobezimmerman@bhhscal.com

Serving San Diego County, United States

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