248 Orange Ave Coronado, CA 92118
Active
$3,298,999
6%
4 Units
7 Beds
5 Baths
n/a Area(sq.ft.)
n/a Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| 0 | 0 | $ 0 | $ 0 | $ 0 |
| MLS #: | 240016295SD |
| Days On Market: | 122 |
| County: | San Diego |
| Property Type: | Residential Income |
| Price per unit: | $ 824,750 |
| Year Built: | 1984 |
Property Details
ORANGE AVE. MULTI-UNIT This well-maintained 4-unit apartment building is an incredible investment opportunity with significant potential for increased rental income. Current rents are below market value, and all tenants are on a month-to-month basis, providing flexibility for future adjustments. Shows as a 3 unit on tax roll, currently one of the townhouses was reconfigured to be a 2/1 bath and a studio on ground floor with direct garage access. New owner has the option to keep unit as is or return back into a Townhouse configuration. All, but one unit has renovated. Recent updates enhance the property's appeal, including all-new windows installed just a year ago and four brand-new garage doors with openers added just last month. **Apartment A (Studio):** - Bathroom has been completely redone - New vinyl flooring throughout - Updated kitchen with new cabinets and quartz countertops **Apartment B:** - New hot water heater installed just one year ago - Upgraded kitchen featuring new quartz countertops and brand-new appliances - New luxury vinyl plank (LVP) wood floors throughout **Apartment C:** - Fully renovated from top to bottom - Elegant bathroom with a tub and shower surrounded by marble tiles - New washer and dryer included - Modern kitchen with new cabinets, black honed granite countertops, and a stunning tile backsplash running up the entire wall This property is a rare find, offering immediate upside potential for the right investor. Don't miss out on this excellent opportunity!Interested in this Listing?
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Income Details
| Total Annual Expense: | $ 0 |
| Net Operating Income: | $ 0 |
| Cap Rate: | 4.06% |
| Gross Rent Multiplier: | 293.18 |
Structure
| Amenities: | Assoc Barbecue, BBQ, None |
| Levels: | Two |
| Complex Name: | N/A |
| Security Features: | None |
| Sewer: | Sewer Connected |
| View Description: | None |
| Water: | Meter on Property |
Land & Parking
| Parking Garage: | None, None Known |
Interior
| AC/Cooling: | None |
| Heating: | Electric, None |
Exterior
| Pool: | No |
| Roof: | Composition |
| Spa: | No |
Detailed Map
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