929 E Ave - Apartments FOR SALE


Coronado, CA 92118
$9,500,000 USD
619-884-0774
929 E Ave, Coronado, CA for Sale
$9,500,000 USD
Apartments - FOR SALE
1/20
null | 3.2% Cap Rate

929 E Ave
Coronado, CA 92118


HIGHLIGHTS

  • Located in the heart of Coronado Village.
  • Blocks from the beach.
  • Consistent income producing property.
  • 12 surface spaces.

OVERVIEW

First time on the market! 929-931 E Avenue in the heart of Coronado Village is a great investment opportunity in one of Southern California's premier markets. Completed in 1965, this well-maintained 16 unit property includes a mix of one, two and three-bedroom floor plans with a laundry and storage room. Property has 3 parcels totaling 17,180 sq. ft. opportunity to have income potential or develop abounds. The 16 units total 14,872 sq. ft. per the San Diego County Assessors. Most units have been upgraded with vinyl plank flooring, upgraded electrical and new appliances. Building had new vinyl windows installed in 2016. New roof and electrical panel installed 2024. Residents enjoy easy access to the beach and Orange Avenue's shops and restaurants.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$639 USD /SF

# OF UNITS

16

PRICE/UNIT

$593,750

CAP RATE

3.2%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Normandy Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

R-3

APN/PARCEL ID

537-331-05,537-331-06

ASK ABOUT THIS PROPERTY

Christy WardCrestmont Property Management, Inc.More Info
619-884-0774

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Christy WardCrestmont Property Management, Inc.More Info
619-884-0774

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