4928 Coronado Avenue, San Diego, CA 92107
- $3,680,000
- List Price
- $3,680,000
- Price Change
- ▼ $95,000 1783142291
- Status
- ACTIVE
- MLS#
- PTP2602998
- Year Built
- 1970
- Lot Location
- Landscaped, Rectangular Lot, Street Level, Walkstreet, Flat
- Days on Market
- 97
- Property Type
- Commercial
- Property Sub Type
- Multi Family
Property Description
Presenting a rare coastal investment opportunity at 4928 Coronado Ave. in San Diego: a 9-unit multifamily property IDEALLY LOCATED ONLY 8 LOTS FROM THE BEACH in the coveted Sunset Cliffs neighborhood of Ocean Beach 92107. With rents offering a significant upside, this is an ideal opportunity for investors looking to capitalize on the strong rental demand this irreplaceable beach location commands. The long time owners have been generous stewards of their long time tenants, HOLDING RENTS APPROX. 30% BELOW AVERAGE MARKET RATES. The property has been very well-maintained with upgraded electric throughout, newer lux. vinyl flooring, updated bathrooms, landscaped courtyard, common laundry and on-site parking for each unit. It's a short walk to the Ocean Beach vibe on Newport Avenue with eclectic dining, boutique shops, local events, and endless beach activities. This is a true lifestyle and value-add opportunity in one of San Diego's most beloved coastal communities. Open the DOCUMENTS tab for the MARKETING BROCHURE which offers detailed info on unit features, upgrades and building elements. Proudly offered by JP Equity Real Estate.
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Additional Information
- Appliances
- Dryer, Washer
- Heat
- Electric
- Exterior Construction
- Frame, Stucco
- Attached Structure
- Detached
- Number Of Units Total
- 9
- Gross Scheduled Income
- $243,719
- Operating Expense
- 88699
Listing courtesy of Listing Agent: Jan Sachs (jansachs.cre@gmail.com) from Listing Office: JP Equity Real Estate Corp.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.