308-330 Orange AveCoronado, CA 92118 View Map $19,250,000 Schedule a Tour
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Robert & Joy Aumann(858) 752-8730
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FOR SALE: 308-330 Orange Ave Coronado CA 92118 | 220017903 |$19,250,000| Call Rob (858) 752-8730 for a TOUR!
Property Type:Com-Res Income
On Site:2 Days
Lot Size:0.6 Acres
Office:Exp Realty Of California, Inc
One of THE Legacy properties on The Crown Isle, welcome to DEL ISLAND! Introducing a truly cross-generational opportunity, the likes of which has not been seen in Coronado! This development site, which is easily recognized as one of the Landmark gateway properties when entering Coronado's main commercial district along Orange Avenue, offers exceptional possibilities. Currently housing 29 residential units with an excellent mix of studios, 1 bedrooms and 2 bedrooms, plus 30 off-street parking spaces. The location is just 2 blocks NE to the Bay and 4 blocks SW to the main commercial district, Spreckles park and schools, which invites a bevy of development possibilities. The property has been laced together over many decades and features 4 contiguous parcels totaling 28,000+ sf of highly coveted R4 zoning! Keep them as-is and remodel, or renew the Affordable Housing City Covenant, or wait until expiration in less than 4 years and develop a full market rate product. In all of San Diego County, you would be hard-pressed to find a prime urban and coastal development site like this that actually has a bonafide income stream, while you go through planning, design and permitting processes over the next few years. Or maybe... where better is there to just "Landbank" cash/equity than Coronado Island and leave as-is over the next number of years for perhaps estate legacy planning?
$000 Monthly Payment
Loan and interest only.
Address:308-330 Orange Ave, Coronado, CA 92118
Area (MLS Code):South Bay
Features / Amenities
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Lot Size: 0.6 Acres
Lot Dimensions:.5 through .75 Acres
Directions:On Orange Ave, at the corner of 3rd.
Tax and Financial Info
Gross Income: $320, 617
Actual Operating Expense: $179, 595
Actual Gross Schd Income: $320, 617
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308-330 Orange Ave Coronado, CA 92118
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