248 Orange Ave - Multi-Family FOR SALE


Coronado, CA 92118
$2,900,000 USD
858-859-9737
248 Orange Ave, Coronado, CA for Sale
$2,900,000 USD
Multi-Family - FOR SALE
1/28
null | 2.41% Cap Rate

248 Orange Ave
Coronado, CA 92118


HIGHLIGHTS

  • Ample Parking - 4 Garages (1 attached) and 4 Parking Spaces
  • Townhome units (2 units) Large floor plans
  • Individual Waterheaters
  • 1984 Construction
  • Well kept interiors w/ In-unit laundry

OVERVIEW

Well located triplex situated on the famed Orange Avenue- Coronado, CA. Improved space is approximately 2900sf. Strong Unit mix consisting of one 3Bed 2Bath townhome (Unit A), one 2Bed 1.5Bath Townhome (Unit B), and One 2Bed 2Bath unit (Unit C). All units are well taken care of with in-unit laundry, private water heaters, FOUR on-site garages plus FOUR on-site parking spaces! The property was built in 1984 and offers tenants lots of natural light. Units are accessed off Orange Avenue and in the rear alleyway. Steps from the Bay and all the retail amenities your tenants will need. Lot size is 3,591sf with dimensions of 26ft x 140ft. Subject property is located on the north side of Coronado Island and is situated on famed Orange Avenue- the main roadway going through Coronado Island. The site is regarded as very walkable as well as a "biker's paradise". Tenants enjoy being in close walking proximity to grocery retail, shopping, and recreational space. Most errands can be accomplished by walking. Downtown is a 6 minute drive by way of the Coronado bridge.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$1,016 USD /SF

# OF UNITS

3

PRICE/UNIT

$966,667

CAP RATE

2.41%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

-

APN/PARCEL ID

536-152-13-00

ASK ABOUT THIS PROPERTY

Aziz ZakkoutZakkout Real Estate ServicesMore Info
858-859-9737

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Aziz ZakkoutZakkout Real Estate ServicesMore Info
858-859-9737

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