We are pleased to present 801 & 807 Coronado Ct, two contiguous five-unit properties located in the coveted South Mission
Beach neighborhood of San Diego, CA. Originally built in 1948 with recent upgrades in the past five years, the subject property features eight (8) one-bedroom/one bathroom units ranging from 450 to 550 square feet, two (2) two-bedroom/one-bathroom units ranging from 850-950 square feet, and ten (10) carport parking spaces in
the rear of the building. The property is situated on 0.17-acres and has 5,660 square feet of rentable space.
This property presents a unique opportunity for an investor to purchase a value-add investment opportunity in one of the strongest submarkets at the forefront of rental
growth in San Diego. The new owner will enjoy the security of having the property situated near comparable apartment complexes, local shopping, and infrastructure, as
well as having easy access to the California coastline. The property has been well maintained with many upgrades and improvements in recent years and boast onsite
laundry facilities. Interiors are spacious and well-appointed with vinyl plank flooring, new windows, and upgraded kitchens and baths in select units.
The property is situated in the heart of South Mission Beach, one of San Diego’s most iconic and desirable coastal neighborhoods, nestled between the Pacific Ocean and
Mission Bay. It is a narrow strip of land offering both oceanfront and bayfront living, with easy access to two unique waterfront experiences. Mission Beach is mostly
comprised of high-end single-family homes, condo residences, and luxury apartments. Mission Beach is perceived to be among the best multifamily investment
neighborhoods in San Diego, along with Del Mar, Coronado, and La Jolla. Owners tend to hold on onto investments long-term in this prized location, and as a result,
multifamily investment opportunities are seldom seen on-market. With proximity to the beach and a myriad of local shops, restaurants, and entertainment, residents can
fully enjoy the idyllic Southern California lifestyle.