$ 7,950,000
824 Coronado Ct San Diego, CA 92109
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$ 7,950,000
Est. payment | /mo
4,464 Sqft Lot
$ 7,950,000
Est. payment | /mo
4,464 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 240011970SD
HOA Y/N No
Lot Size 4,464 Sqft
Acres 0.1025
Property Description
Coronado Villas is located at 824 & 828 Coronado Court, Mission Bay in San Diego, CA 92109. 828 Coronado Court is located on the bayfront and is further referenced as APN 423-718-08-00. 824 Coronado Court is located directly across the alley fronting Bayside Walk and further referenced as APN 423-716-07-00. The property was originally built as an 8-unit apartment property. However, it is currently being operated as a 7-unit rental. The unit mix is balanced with (1) studio apartment, (3) one-bedroom, one-baths, (1) two-bedroom, one bath, (1) three-bedroom, two-bath and an owner’s apartment three-bedroom, three-bath. Coronado Villas offers a rare opportunity to own bay front property in Mission Beach, San Diego, California. This property sits on two lots and can be utilized as a rental property. The property is currently used as a hybrid owner user plus rental. The property can be operated immediately as a short-term rental if the owner resides in the property for at least nine months out of the year. In order to obtain a short-term rental permit, non owner occupied, an application must be made and be placed on the waiting list. This unique property also presents itself as a prime development opportunity. With the ability to scrape the existing structures and build new condominiums, or keep the current structures in place and process with the department of real estate to sell individually as a TIC tenant in common ownership structure. Very few investment properties offer this range of investment alternatives and creative uses.
Location
State CA
County San Diego
Area 92109 - Pacific Beach
Zoning R-4:MULTIP
Interior
Fireplace No
Others
Tax ID 4237180800
Listed by Peter Hauser • NorthMarq Realty Services, Inc
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "