741-745 Orange Ave

Coronado, CA 92118 View Map $7,950,000 Schedule a Tour
Beds7
Baths4Full11/2
Sq.Ft.10,500
Year2015
Schedule a Tour
Robert & Joy Aumann

Robert & Joy Aumann

(858) 752-8730
 
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FOR SALE: 741-745 Orange Ave Coronado CA 92118 | 220003135 | $7,950,000| Contact Rob Aumann directly at (858) 752-8730 for a viewing!

Status: Pending
Listing Office:Exp Realty Of California Inc
Property Type:Res Income 2-4 Units
MLS #:220003135
Sq. Feet:10,500
On Site:142 Days
County:San Diego
Occasionally a singular moment in time can mean so much. When that moment is unseen in more than a generation or two, it deserves our full attention. Introducing a stunning opportunity to own, restore or redevelop one of the finest multi-family residential parcels on the Crown Isle. Situated perfectly at the crossroads of every sought-after amenity of living in the Village, this compound spanning 10,500sf is gleaming with promise. Its proximity has no peer. From the Mainstreet commercial district on one side to the elegance and concerts of Spreckels Park on the other, the location is the definition of perfection. Family stories of the past are ready to be rewritten with exciting new chapters of the future, all interwoven into what we all know that makes Coronado such a special place to call home. See Supplement for Details..

The possibilities are endless! The offering includes two parcels: a 25 x 140 lot adjacent to a 50 x 140 lot (APN #s 537-091-06-00 & 537-091-07-00). The total 10,500sf of R4-zoned land offers one unit per 1,090sf of land for a total of 9 potential future homes. There are ONLY 10 blocks in ALL of Coronado Village with R4-zoning. Now think about this… THIS is the CLOSEST R4 block to The Beach, Uptown and The Hotel Del. Current configuration has a 2 bed, 1 bath single-family house and 2-car garage on the smaller lot. The larger parcel has a two structure 5-unit, 4-car garage set up. With 75 feet of prime frontage and rear alley, the flexibility of the lot is incredible. There is a stately duplex in the front, right corner which would be an amazing anchor for a new development surrounding a courtyard. Future uses could include developing multi-unit rentals, for-sale condos, or keep the existing infrastructure, rehab, restore and just own one of the most valuable trophy parcels in all of Coronado. Property has excellent tenant history and is under professional property management. All rental histories and P&Ls will be provided to buyer upon acceptance of offer. Single-family home (#737 Orange Ave) is 2 beds, 1 bath, 924sf and rents for $2,850/month. 5th Unit (#741.5) is a 1 bed, 1 bath that rents for $1,475/month.

Mortgage Calculator

$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:741-745 Orange Ave Coronado, CA 92118
County:San Diego
Area (MLS Code):South Bay
Subdivision:Coronado Village
Zip Code:92118

School Information

High School:Coronado Unified School District
Middle School:Coronado Unified School District
Elementary School:Coronado Unified School District

Architecture

Bedrooms: 7
Bathrooms: 4 Full / 1 Half
Year Built:2015
Stories:2
Exterior: Wood/Stucco
Total Stories: 2
Unit 1: 2 beds, 2 baths. Rent: $1438.0
Unit 2: 1 bed, 1 bath. Rent: $1185.0
Unit 3: 2 beds, 1 bath. Rent: $2300.0
Unit 4: 2 beds, 1 bath. Rent: $1475.0
Roof: Composition

Features / Amenities

Pets Allowed: Allowed w/Restrictions
View: Evening Lights, Ocean, Parklike
Heat Source: Natural Gas
Water Heater: Gas

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 Dimensions:7,500-10,889 SF
Site: Alley Access
Topography: Level
Water: Meter on Property
Sewer: Sewer Connected
Fencing: Partial
Zoning:R-4
Directions:On Orange Ave, between 7th and 8th St.

Tax and Financial Info

Gross Sched Income Actual: $124, 359
Annual Expense Actual: $20, 773
Cap Rate Actual: $1
Tenant Pays: Cable TV, Electricity
Terms: Cash, Conventional

Schools

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741-745 Orange Ave Coronado, CA 92118
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741-745 Orange Ave Coronado, CA 92118
 
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