308-330 Orange Ave

Coronado, CA 92118 View Map $19,250,000 Schedule a Tour
Sq.Ft.26,351
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Robert & Joy Aumann

Robert & Joy Aumann

(858) 752-8730
 
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FOR SALE: 308-330 Orange Ave Coronado CA 92118 | 220017903 |$19,250,000| Cal Rob (858) 752-8730 for a TOUR!

Status: Active
Property Type:Com-Res Income
MLS #:220017903
Sq. Feet:26,351
On Site:10 Days
Lot Size:0.6 Acres
County:San Diego

Listing Agent/Office

Agent:Ken Pecus
Agent Phone:619-675-0123
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?

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:308-330 Orange Ave Coronado, CA 92118
County:San Diego
Area (MLS Code):South Bay
Zip Code:92118

Features / Amenities

Features: Remarks

Rooms

Dimensions
Master
Bedroom 2
Bedroom 3
Bedroom 4
Bedroom 5
Breakfast Area
Dining Room
Kitchen
Living Room
Family Room
Extra Room 1
Extra Room 2
Extra Room 3

Property Features

Lot Size: 0.6 Acres
Lot Dimensions:.5 through .75 Acres
Zoning:R4
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
Terms: Cash

Schools

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308-330 Orange Ave Coronado, CA 92118
GO SEE THIS LISTING
308-330 Orange Ave Coronado, CA 92118
 
ASAP
Sat
10
Dec
Sun
11
Dec
Mon
12
Dec
Tue
13
Dec
Wed
14
Dec
Thu
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Dec
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Dec
Choose Your Date -- It's Free, Cancel Anytime
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Listing information last updated on December 9, 2022 9:00 PM EST.