Active
248 Orange Ave
Coronado CA, 92118
$3,298,999
$1,137.59 per sqft
Active
7 Beds
5 Baths
2,900 sqft
Multi-family
Built in 1984
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!
240016295
MLSⓇ ID
July 19, 2024
Listed
October 31, 2024
Updated
Map
248 Orange Ave
Coronado CA, 92118
Interior Features
Total Stories
2
Bedrooms
7
Total Bathrooms
5
Full Bathrooms
4
Half Bathrooms
1
Appliances
Electric Water Heater, Dishwasher, Range/Oven, Refrigerator, Dryer, Washer
Laundry Description
Unit 1 Hookups, Unit 2 Hookups, Unit 3 Hookups, Unit 4 Hookups
Fireplace
No
Cooling
No
Cooling Description
None
Heating
No
Heating Description
Electric, None
Exterior/Building Features
Lot Features
Sidewalks
Roof
Composition
Other Property Details
Area Name
South Bay
Days on Market
110
Garage
Yes
Parking
Garage, Garage(Attached), Non-Garage(Tandem)
View
No
View Description
None
County
San Diego
Water Source
Meter on Property
Pool
No
Pool Features
None
Listing History
Date | Event | Price |
---|---|---|
10/31/2024 | Price change | $3,298,999 0% |
10/16/2024 | Price change | $3,295,000 2% |
10/8/2024 | Price change | $3,225,000 -1% |
9/29/2024 | Price change | $3,250,000 -2% |
9/15/2024 | Price change | $3,295,000 -6% |
9/9/2024 | Price change | $3,490,000 -1% |
7/19/2024 | Active | — |
Listed by Coldwell Banker Realty, Shirley Tajedini,
Listing Contact: 619-249-8443
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Data last updated 2:11 AM UTC, 10/31/2024