248 Orange Ave Active Save Request In-Person Tour Request Virtual Tour
Coronado,CA 92118
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 800 sqft
Price per Sqft $4,118
Subdivision Coronado Village
MLS Listing ID 240016295
Bedrooms 7
Full Baths 4
Half Baths 1
HOA Y/N No
Year Built 1984
Property Description
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!
Location
State CA
County San Diego
Community Coronado Village
Area Coronado (92118)
Interior
Heating Electric
Exterior
Exterior Feature Stucco
Garage Unit1:Attached Unit2:Attached Unit3:Attached Unit4:Attached
Community Features BBQ,N/K
Complex Features BBQ,N/K
Roof Type Composition
Building
Lot Description Alley Access,Sidewalks,Street Paved
Story 2
Lot Size Range 1-3999 SF
Sewer Sewer Connected
Water Meter on Property
Level or Stories 2 Story
Others
Acceptable Financing Cash,Conventional,Exchange
Space Rent $2,700
Listing Terms Cash,Conventional,Exchange