948 D Ave

Coronado, CA, 92118

$5,000,000

$850 per ft²
$5,000,000
$850 per ft²
Active
Active
 - For Sale
beds
3 Beds
carpenters-square
5,876 ft²
property_type
Other
Pleased to present for sale 948 D Avenue, a 7-unit value-add apartment building located on Coronado Island. Constructed in 1913, this asset has two buildings on one 6,873 SF lot. The front building is comprised of (2) Studio units, (2) 1-Bedroom/1-Bathroom units, and (1) Studio + Loft unit. The back building has (2) 2-Bedroom/1-Bathroom units above (4) single car garages. The property features a communal laundry room and storage units. Long term ownership with several long-term tenants creates a unique opportunity for the next owner to dramatically improve operations through renovating units and maximizing rental income. This property is historic and may offer potential tax savings through the California Mills Act Program.
MLS® ID:
220029646
Listed:
12/12/22
Updated:
1/30/23

Interior Features

Total Bedrooms
3
Total Bathrooms
0
Laundry Description
Owned

Other Property Details

Area Name
South Bay
Garage
Yes
Parking
Garage
View
N
County
San Diego
Pool
No
Total Stories
2
Buyer Agency Compensation
2.0

Courtesy of Marcus & Millichap, Carson Trujillo,
Listing Contact: 858-373-3285 

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Data last updated 7:21 AM UTC, 1/30/23

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