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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Listing courtesy of South Coast Commercial, Inc.

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