Coronado, CA 92118,904 7th St
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Coronado, CA 92118,904 7th St
Coronado, CA 92118,904 7th St
Coronado, CA 92118,904 7th St
Coronado, CA 92118,904 7th St

$3,250,000

Est. payment /mo

$3,195,000

1.7%
Est.Price: ?

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904 7th St Coronado, CA 92118

SOLD DATE : 04/13/2023

Key Details

Sold Price $3,250,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 230004688SD

Sold Date 04/13/23

HOA Y/N No

Property Description

Steeped longtime in a Coronado family tradition, introducing a RARE 6-unit plus 2 garages offering in the Village. This property has been a solid investment hold for decades, but now it is time to transition to new owners and begin a revival. The property is ideally located steps to the schools, parks, houses of worship and Mainstreet Coronado. What's most important is that due to current zoning laws, you could not build this property today with this same lot size. It is an ideal maximization of the land versus structures built, so that the cash return on investment has exceptional potential. The current tenancy is very solid with excellent history. The units themselves are standard "bread and butter" and in need of some tender rehab. There is tremendous upside over the long term and it is quite possibly one of the best opportunities in years to own multi-unit rental property on the island.

Location

State CA

County San Diego

Area 92118 - Coronado

Interior

Fireplace No

Exterior

Roof Type Composition

Others

Tax ID 5370810100

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

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California Regional MLS (CRMLS)
Listed by Ken Pecus • eXp Realty of California, Inc
Bought with Bradley McMorrow • P. S. Capital and Real Estate

GUIDE SoCal

Broker | License ID: DRE#01976964

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