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$7,950,000

Est. payment - /mo

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4,464 Sqft Lot

Active

824 Coronado Ct San Diego, CA 92109

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

09/30/2024 06:46 PM

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

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

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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