4961-67 Coronado Ave., San Diego, CA 92107 - MLS#250016931

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Anthony Napoli

Hunter & Maddox International Inc

realestate@anthonynapoli.com +1(619) 750-3558

$3,395,000

Est. payment - /mo

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Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250016931

Lot Size 6,943 Sqft

Property Sub-Type Apartment

Property Description

Welcome to paradise at this super beach-proximate South Ocean Beach stunner, an eight (8) unit apartment property located at 4961-67 Coronado Avenue, just steps from the coast and 1.5 blocks from beach access at Santa Cruz Cove Beach. Also walking distance to Newport Avenue retail and Sunset Cliffs Trails, the “OB Farmhouse” boasts about as good of a coastal rental location as one can ask for. Comprised of all one-bedroom/one-bathroom units that average +/-410 SF in size, and featuring nine (9) surface off-street parking spaces, this property has undergone a beautiful transformation over the past several years via capital improvements, repairs, and bringing rents to market. Recent property upgrades include: installation of new dual-pane vinyl windows; electrical system upgrades; roof repairs; and unit interior renovations. Perched upon a +/-6,700 SF lot with good elevation above sea level relative to the immediate area, the single-story structure has +/-3,280 SF of rentable building area, and was built in/around 1955 of wood frame construction upon an elevated foundation with a pitched shake-shingle roof. The OB Farmhouse has attractive curb appeal, including recently repainted stucco exterior, modern signage, and some hardscape with tasteful drought-tolerant landscaping. These efficient units are separately metered for gas and electricity, operating on city trash services. The astute premium market multifamily investor may look to keep this as long-term rentals and perhaps update their maximum rental potential further by adding some form of laundry on-site.

Location

State CA

County San Diego

Area Ocean Beach (92107)

Interior

Heating Wall

Cooling Other

Flooring Other/Remarks

Exterior

Exterior Feature Part Landscaped

Parking Features Spaces

Roof Type Shake

Total Parking Spaces 9

Building

Story 1

Lot Size Range .25 Acres or less

Others

Acceptable Financing Cash, Cash to New Loan

Space Rent $205,500

Listing Terms Cash, Cash to New Loan

Virtual Tour https://www.propertypanorama.com/instaview/snd/250016931

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Listed by Joseph A Burrough • Palma Commercial

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Anthony Napoli

+1(619) 750-3558

Agent | License ID: 01311452

Agent License ID: 01311452

4961-67 Coronado Ave. San Diego, CA 92107

Anthony Napoli

Key Details

Location

Interior

Exterior

Building

Others

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