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    4961 Coronado Ave.

    San Diego, CA 92107
    • $2,745,000
    • STATUS: Active
    • ON SITE: 60 days
    • ID#: 200047037
    UPDATED: 80 min ago
    $2,745,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    A superbly located 8-unit apartment property in sought after South Ocean Beach, 4961-67 Coronado Avenue is just steps from an ocean lookout (Coronado Avenue), coastal trail access (Del Mar Avenue), and walking distance to Santa Cruz Cove beach (2 blocks) + nearby dining and shops. Besides its uniquely good location, only one property back from the bluff/direct ocean views, this property boasts 9 off-street parking spaces, in an area there parking is at a premium. The building has good bones, with an elevated foundation, pitched roof, and functional floor plans. Many upgrades have been done to the property, including vinyl plank flooring, dual-pane windows, floor coverings, newer cabinets and countertops, newer wall heaters and some recently placed water heaters (each unit with its own water heater). By virtue of its near ocean-front location and ample parking, the property is well-suited for continued upgrades and increased rents commensurate with upper end rents for the area, Or, strong vacation rentals Phenomenal beach area units in one of San Diego County's most desirable (coastal) rental markets, near a variety of coastal trails and a diverse mix of beaches, ranging from reefs with tide pools, sandy beaches, bluffs with elevated Pacific Ocean lookouts, and the longest concrete pier on the west coast. As one of the closest beach communities to Downtown San Diego, a hub for international and national travelers alike, it is no wonder OB has continued to undergo significant appreciation, which has accelerated over the past 8 years. Proximity to several cove beaches, coastal trails, and nearby retail, makes this property well suited for higher end long-term rentals, or, for short term rentals down the road.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-01T18:30:29.727. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.

    www.bobkellyteam.com/homes/110568065
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    4961 Coronado Ave. San Diego, CA 92107

    • Price: $2,745,000
    • Status: Active
    • Updated: 80 min ago
    • ID#: 200047037
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    Neighborhood:
    92107 - Ocean Beach
    County:
    San Diego
    Area:
    92107 - Ocean Beach
    Property Description
    A superbly located 8-unit apartment property in sought after South Ocean Beach, 4961-67 Coronado Avenue is just steps from an ocean lookout (Coronado Avenue), coastal trail access (Del Mar Avenue), and walking distance to Santa Cruz Cove beach (2 blocks) + nearby dining and shops. Besides its uniquely good location, only one property back from the bluff/direct ocean views, this property boasts 9 off-street parking spaces, in an area there parking is at a premium. The building has good bones, with an elevated foundation, pitched roof, and functional floor plans. Many upgrades have been done to the property, including vinyl plank flooring, dual-pane windows, floor coverings, newer cabinets and countertops, newer wall heaters and some recently placed water heaters (each unit with its own water heater). By virtue of its near ocean-front location and ample parking, the property is well-suited for continued upgrades and increased rents commensurate with upper end rents for the area, Or, strong vacation rentals Phenomenal beach area units in one of San Diego County's most desirable (coastal) rental markets, near a variety of coastal trails and a diverse mix of beaches, ranging from reefs with tide pools, sandy beaches, bluffs with elevated Pacific Ocean lookouts, and the longest concrete pier on the west coast. As one of the closest beach communities to Downtown San Diego, a hub for international and national travelers alike, it is no wonder OB has continued to undergo significant appreciation, which has accelerated over the past 8 years. Proximity to several cove beaches, coastal trails, and nearby retail, makes this property well suited for higher end long-term rentals, or, for short term rentals down the road.
    Exterior Features

    Construction Materials BrickFrameStucco Lot Size Units Square Feet Roof Composition

    Interior Features

    Heating Wall Furnace Heating YN Yes

    Property Features

    Cap Rate 3.92 Country Us Gross Scheduled Income 158400.00 Net Operating Income 107662.00 Operating Expense 46778.00 Property Sub Type Commercial/Residential Total Monthly Rent 13200

    Listing provided courtesy of Joseph Burrough of Palma Commercial


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-01T18:30:29.727. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties. Licensed in the State of California, USA.

     
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    The Bob Kelly Team | Berkshire Hathaway Home Services Ca. Properties
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    La Mesa CA, 92042