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

November 22, 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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