209-217 C Ave - Apartments FOR SALE


Coronado, CA 92118
$3,295,000 USD
858-352-6742
209-217 C Ave, Coronado, CA for Sale
$3,295,000 USD
Apartments - FOR SALE
1/22
null | 3.24% Cap Rate

209-217 C Ave
Coronado, CA 92118


HIGHLIGHTS

  • Phenomenal Coronado Location, Within Steps to Nearby Shops, Grocers, and Restaurants, and only 2 Blocks from the Ferry Landing!
  • Great Unit Mix, Consisting of All 2 Bedroom Units with Private enclosed Patios or Balconies
  • Well-maintained Property with many updates, including full renovations at two of the units
  • Laundry on-site, nicely manicured common lawn with mature trees in front
  • Ample Off-Street Parking, including 3 carport spaces and 2 surface spaces (one of which is a tandem space, allowing for a total of six vehicles)
  • Separately Metered for Gas and Electricity

OVERVIEW

It is a pleasure to present an ideally located five (5) unit multifamily property at 209-17 C Avenue in Coronado. Just two blocks from the Ferry Landing, this property has been well-maintained by current ownership (for 30+ years), with two units having undergone major renovations, and the others ripe for modernization. The unit mix consists of three (3) 2BR/1BA units downstairs, each with a generous private enclosed patio, and two (2) spacious 2BR/2BA units upstairs in the back (near the alley), with a large private balconies and views to downtown San Diego. In addition to a common laundry room, a nicely manicured common lawn in front, and tasteful perimeter landscaping, there are five (5) surface off-street parking spaces, three of which are covered, and one of which may be used as a tandem (2-vehicle) space. Contact exclusive agent Joseph Burrough of Palma Commercial for more details, including to request an OM. Please do not go onto the property or disturb the tenants. Units can be shown with accepted/acceptable offer and POF.

FOR SALE DETAILS

PRICE

$3,295,000 USD

PRICE/SF

$414 USD /SF

# OF UNITS

5

PRICE/UNIT

$659,000

CAP RATE

3.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R3, Coronado

APN/PARCEL ID

536-162-04

ASK ABOUT THIS PROPERTY

Joseph BurroughPalma CommercialMore Info
858-352-6742

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Joseph BurroughPalma CommercialMore Info
858-352-6742

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.