870 D Ave - Apartments FOR SALE


Coronado, CA 92118
$3,895,000 USD
858-945-7094
870 D Ave, Coronado, CA for Sale
$3,895,000 USD
Apartments - FOR SALE
1/10
null | 4.5% Cap Rate

870 D Ave
Coronado, CA 92118


HIGHLIGHTS

  • Situated in the heart of Coronado Village at 870 D Avenue, this triplex offers a rare opportunity on the esteemed Island of Coronado.
  • Victorian Single Family House (4Bedroom/ 3 Bath + Loft) and two (2Bedroom/ 1 Bathroom) units
  • Boasting fully upgraded finishes including luxury vinyl plank floors, custom cabinetry, new countertops/backslashes, and in-unit laundry
  • Five off-street parking spaces located in the alley
  • Situated on a generous 7,843 square foot lot Zoned R-3

OVERVIEW

LOCATION! LOCATION! LOCATION! With Price Adjustment First time on market in decades, a unique opportunity presents itself in the Coronado Village at 870 D Avenue. Situated on the esteemed Island of Coronado, this triplex is a legacy asset encompassing one Victorian Single Family House (4 Bedroom/ 3 Bath + Loft) and two (2 Bedroom/ 1 Bathroom) units. 870 D Avenue features fully upgraded finishes including luxury vinyl plank floors, custom cabinetry, new countertops/backslashes, laundry in unit, let alone AC in the living areas paired with modern amenities. Nestled just blocks away from the renowned Coronado Center Beach & walking distance to all the restaurants/shops along Orange Ave., this property boasts a superb 94 Walk Score showing its prime location to all Coronado has to offer. With five off-street parking space located in the alley & an additional side deck, this property offers Coronado's charm with ease for owner-users or tenants alike. In addition, 870 D Avenue sits on a generous 7,843 square foot lot Zoned R-3, not only promising immediate returns but also hinting at future development opportunities. 870 D Avenue is primed for discerning buyers seeking a slice of the rarely traded island of Coronado. Whether it's maximizing rental income, personal occupancy, or development, the possibilities are abundant. ***CAP RATE IS PROFORMA

FOR SALE DETAILS

PRICE

$3,895,000 USD

PRICE/SF

$1,141 USD /SF

# OF UNITS

3

PRICE/UNIT

$1,298,333

CAP RATE

4.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4-Bed 3-Bth with Rental Units in Rear

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,843 SF

ZONING

R-3

APN/PARCEL ID

537-241-25

ASK ABOUT THIS PROPERTY

Aaron BoveMarcus & MillichapMore Info
858-945-7094

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Aaron BoveMarcus & MillichapMore Info
858-945-7094

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.