Skip To Content

750 756 E Avenue

Coronado, CA 92118
  • $5,995,000
  • STATUS: Active
  • ON SITE: 28 Days
  • ID#: PTP2400614
UPDATED: 74 min ago
$5,995,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1970
County:

School Ratings & Info

Listing Agent(s): James Nelson of Coldwell Banker West (619-435-1565)


Description

Exceedingly rare opportunity to acquire a distinctive property just four blocks from the pristine Coronado Center Beach! This meticulously remodeled estate comprises a luxurious 4BR, 2.5BA main residence adorned with designer fixtures and finishes and three legal 1BR/1BA rentals nestled behind. The main house boasts an expansive front yard and a wrap-around porch, offering ample outdoor space for hosting summer soirees with a touch of sophistication. Luxuriate in the allure of a first-floor master suite, a captivating wood-burning fireplace in the living room, and an inviting front porch that sets the tone for coastal elegance. Ideal for the discerning owner occupant, envision a year-round residence in coveted Coronado or maintain a pied--terre while enjoying income from the rental units behind. The allure is completed by four single-car garages, ensuring both convenience and exclusivity. Each of the additional 1BR/1BA units, separately metered for efficiency, presents an excellent income stream or a haven for hosting guests or family. With mini-splits and in-unit laundry enhancing each dwelling, these residences are ready for move-in. Revel in large private patios on the ground level and secluded decks above, showcasing the ideal outdoor living. This property, zoned R-3, not only stands as an excellent investment but also holds the promise of future development opportunities. Rarely does an opportunity of such distinction and versatility emerge"truly, a treasure trove for the astute investor seeking both immediate returns and long-term potential. Embrace this ready-for-move- in masterpiece and unlock the doors to a lifestyle where luxury meets investment prowess.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-01T00:31:17.237. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
www.reiferhomes.com/homes/147177495
Print Image

750 756 E Avenue Coronado, CA 92118

  • Price: $5,995,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 74 min ago
  • ID#: PTP2400614
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1970
Built
Neighborhood:
92118 - Coronado
County:
San Diego
Area:
92118 - Coronado
Property Description
Exceedingly rare opportunity to acquire a distinctive property just four blocks from the pristine Coronado Center Beach! This meticulously remodeled estate comprises a luxurious 4BR, 2.5BA main residence adorned with designer fixtures and finishes and three legal 1BR/1BA rentals nestled behind. The main house boasts an expansive front yard and a wrap-around porch, offering ample outdoor space for hosting summer soirees with a touch of sophistication. Luxuriate in the allure of a first-floor master suite, a captivating wood-burning fireplace in the living room, and an inviting front porch that sets the tone for coastal elegance. Ideal for the discerning owner occupant, envision a year-round residence in coveted Coronado or maintain a pied--terre while enjoying income from the rental units behind. The allure is completed by four single-car garages, ensuring both convenience and exclusivity. Each of the additional 1BR/1BA units, separately metered for efficiency, presents an excellent income stream or a haven for hosting guests or family. With mini-splits and in-unit laundry enhancing each dwelling, these residences are ready for move-in. Revel in large private patios on the ground level and secluded decks above, showcasing the ideal outdoor living. This property, zoned R-3, not only stands as an excellent investment but also holds the promise of future development opportunities. Rarely does an opportunity of such distinction and versatility emerge"truly, a treasure trove for the astute investor seeking both immediate returns and long-term potential. Embrace this ready-for-move- in masterpiece and unlock the doors to a lifestyle where luxury meets investment prowess.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features Front YardLawnLandscapedLevelNear ParkNear Public TransitRectangular LotStreet LevelYard Number Of Separate Electric Meters 4 Open Parking Spaces 2 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes Spa YN No View YN No

Interior Features

Appliances DryerWasher Common Walls 2+ Common Walls Cooling YN No Fireplace YN No Heating YN No

Property Features

Association Fee 0 Association YN No Cap Rate 3.85 Community Features BikingCurbsDog ParkGolfGutter(s)Storm Drain(s)Street LightsSidewalksWater SportsPark Garage YN Yes Gross Income 343200 Gross Scheduled Income 343200 Inclusions all appliances in both buildings Insurance Expense 4000 Land Lease YN No Laundry Features Laundry ClosetLaundry RoomStacked Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 ExchangeVA Loan Net Operating Income 231087 New Taxes Expense 68943 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 101871 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Trash Expense 900 Vacancy Allowance 10296 Vacancy Allowance Rate 3 Water Sewer Expense 1500 Water Source Public Zoning R3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-03-01T00:31:17.237. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372360223-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372360223-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372360223-2.jpg
Logo
COMPASS
6930 Indiana Ave, Suite 1
Riverside CA, 92506
Listing Agent(s): James Nelson of Coldwell Banker West (619-435-1565)