Listing ID: 230001067
Price: $5,500,000
Status: ACTIVE
Address: 807 Coronado Court
City: San Diego
State: California
Postal Code: 92109
County: San Diego
San Diego
CA
92109
Don't Miss this extremely rare opportunity to own (10) well operated apartment units, on two adjacent lots in South Mission Beach - just steps to the beach and bay. 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 ( One for each Unit ). This property consists of two adjacent lots APNS 423-717-01-00 & 423-717-02-00.
Primary Features
County:
San Diego
Property Type:
Commercial-Residential Income
Interior
Floor Covering:
Hardwood, Tile, Vinyl
Heating:
Wall
Laundry:
Owned
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:
Block, Frame, Stucco
Entry Only:
No
Number of Buildings:
2
Number of Carports:
10
Number of Units:
10
Number of Units (1):
8
Number of Units (2):
2
Parking:
Carports
Parking Spaces Total:
10
Roof:
Composition
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:
259260
Actual Operating Expense:
94554
Cap Rate Projected:
5.6
Gross Equity:
1900000
Gross Multiplier:
21.2
Monthly Rent Total:
21000
Number of Leased Apartments:
10
Other Income Amount:
600
Other Income Source:
Laundry
Price/Unit:
550000
Projected Cash on Cash:
4.9
Projected Gross Multiplier:
10.9
Sale/Rent:
For Sale
Sales Restrictions:
N/K
Short Sale:
no
Unit Rent (1):
1939
Unit Rent (2):
2745
Unit Rent Total (1):
15515
Unit Rent Total (2):
5490
Zoning Info
Area Info
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