$3,250,000
$3,195,000
1.7%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 04/13/2023
Key Details
Sold Price $3,250,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 230004688SD
Sold Date 04/13/23
HOA Y/N No
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 92118 - Coronado
Interior
Fireplace No
Exterior
Roof Type Composition
Others
Tax ID 5370810100
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash
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Bought with Bradley McMorrow • P. S. Capital and Real Estate