Listing ID: 220020100
Price: $5,500,000
Status: PENDING
Address: 801-807 Coronado Ct
City: San Diego
State: California
Postal Code: 92109
SqFt: 7,000
County: San Diego
San Diego
CA
92109
We are proud to present for sale, an extremely rare opportunity to own (10) well operated units, on two adjacent lots in South Mission Beach that is just steps to the sand. The unit mix is comprised of (2) Two bedroom / one bath units and (8) one bedroom / one bath units. There are (10) covered off-street parking spaces for tenants...................................................THERE IS AN EXTREME AMOUNT OF RENTAL UPSIDE HERE - NOT INCLUDING VACATION RENTAL PROJECTIONS................................. This property consists of two adjacent lots APN 423-717-01-00 & 423-717-02-00

Primary Features

County: San Diego
Property Type: Commercial-Residential Income

Interior

Number of Baths (1): 1
Number of Baths (2): 1
Number of Bedrooms (1): 1
Number of Bedrooms (2): 2
Number of Stories: 2
SqFt of Improvement: 5668
SqFt Source: Tax Record
Stories: 2 Story
Unit Type: Apartment

External

Construction: Drywall, Frame
Entry Only: No
Lot Size: .25 Acres or less
Number of Buildings: 2
Number of Carports: 10
Number of Units: 10
Number of Units (1): 8
Number of Units (2): 2
Number of Units w/Ranges: 10
Number of Units w/Refrigerator: 10
Parking Spaces Total: 10

Location

Country: United States
Market Area: Coastal South
Zip/Area: PACIFIC BEACH (92109)

Additional

Age: 1950
Class: COMMERCIAL-RES INCOME
Have: 10 Units + 10 Parking
Mandatory Remarks: None Known

Financial

Actual Gross Scheduled Income: 260460
Actual Operating Expense: 94601
Cap Rate Projected: 4.7
Gross Equity: 3500000
Gross Multiplier: 21.1
Monthly Rent Total: 21005
Number of Leased Apartments: 10
Other Income Amount: 700
Other Income Source: Laundry
Price/Unit: 550
Projected Gross Multiplier: 15.3
Sale/Rent: For Sale
Sales Restrictions: N/K
Tenant Pays Electric: Y
Tenant Pays Gas: Y
Tenant Pays Water: N
Unit Rent (1): 1939
Unit Rent (2): 2745
Unit Rent Total (1): 15512
Unit Rent Total (2): 5490

Zoning Info


Area Info


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Listing courtesy of South Coast Commercial, Inc.

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