$2,745,000

4961 Coronado Ave.

San Diego CA, 92107

Description

A superbly located 8-unit apartment property in sought after South Ocean Beach, 4961-67 Coronado Avenue is just steps from an ocean lookout (Coronado Avenue), coastal trail access (Del Mar Avenue), and walking distance to Santa Cruz Cove beach (2 blocks) + nearby dining and shops. Besides its uniquely good location, only one property back from the bluff/direct ocean views, this property boasts 9 off-street parking spaces, in an area there parking is at a premium. The building has good bones, with an elevated foundation, pitched roof, and functional floor plans. Many upgrades have been done to the property, including vinyl plank flooring, dual-pane windows, floor coverings, newer cabinets and countertops, newer wall heaters and some recently placed water heaters (each unit with its own water heater). By virtue of its near ocean-front location and ample parking, the property is well-suited for continued upgrades and increased rents commensurate with upper end rents for the area, Or, strong vacation rentals Phenomenal beach area units in one of San Diego County's most desirable (coastal) rental markets, near a variety of coastal trails and a diverse mix of beaches, ranging from reefs with tide pools, sandy beaches, bluffs with elevated Pacific Ocean lookouts, and the longest concrete pier on the west coast. As one of the closest beach communities to Downtown San Diego, a hub for international and national travelers alike, it is no wonder OB has continued to undergo significant appreciation, which has accelerated over the past 8 years. Proximity to several cove beaches, coastal trails, and nearby retail, makes this property well suited for higher end long-term rentals, or, for short term rentals down the road.

Details

MLS#200047037
Listing TypeFor Sale
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site193

Features

Units8

Market Activity 92107

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Area Information
StateCA
CountySan Diego
CitySan Diego
Zip Code92107
Area92107 - Ocean Beach
Listing VS Median (in 92107)
Price:
$2,745,000
low | high
Med:
$1,350,000
100% of Average
On Site:
193
low | high
Med:
14
100% of Average
Sourced by Back At You
Listing Updated: December 14, 2020 2:38:20 AM PST
Joseph Burrough LogoMLS Number: 200047037
Listing Provided By:
Joseph Burrough  of  Palma Commercial
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