801-807 Coronado Ct, San Diego, CA 92109
10 Unit Apartment Building | $5,500,000 ($550,000/Unit) | 5.80% Cap Rate | San Diego, CA 92109
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,500,000
- Property Type
-
Multifamily
- Square Feet
- 5,668 SF
Listing Contacts
Brian Nelson
Verified Profile
Abe Peay
Verified Profile
Jeff Diller
Verified Profile
- Property Info
Property Overview
This is your chance to acquire a trophy coastal deal and add value / walk into equity without any heavy lifting. Unlike other "value add" deals on the market today, 801-807 Coronado Court is 100% turn key with no interior remodeling required to capture market rents and the true highest and best use for this location, which is operating mid term Furnished rentals and/or a blend of mid term and short term for select months of the year. The demand for furnished units in San Diego has never been higher and the future looks extremely promising....( call brokers for detail ). Considering the proximity to the beach & rarely seen off-street parking available to ALL occupants, it is abundantly clear that this newly adopted operation approach is the quickest path to success.
Feel free to drive and walk by the property to get a sense of how close you are to the beach and bay, but do not disturb current tenants.
Feel free to drive and walk by the property to get a sense of how close you are to the beach and bay, but do not disturb current tenants.
Property Details
- Class
- C
- Year Built/Renovated
- 1948/2020
- Stories
- 2
- Lot Size (sq. ft)
- 7,405 SF
- Units
- 10
Highlights
- Rare *** All 10 units get off street parking ***
- Opportunity for Short-Mid Term Furnished Rentals - Current Leasing a 1bedroom @ $3500
- Current waitlist growing for more furnished units @ this property.
- Low maintenance and Extremely Easy to Lease / Self Manage
- Easy Access to Beach and Bay - 1 Minute walk in either direction
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