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$ 3,250,000
Est. payment | /mo
6 Beds
2 Baths
2,706 SqFt
$ 3,250,000
Est. payment | /mo
6 Beds
2 Baths
2,706 SqFt
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 2,706 sqft
Price per Sqft $1,201
MLS Listing ID 260010358
Bedrooms 6
Full Baths 5
Lot Size 5,088 Sqft
Property Sub-Type Com-Res Income
Property Description
The Residences on E is a centrally located five-unit apartment community in the highly desirable rental market of Coronado, California. Situated on a 5,088 square foot lot, the property features an attractive unit mix of four 1-bedroom/1-bath units and one spacious 2-bedroom/1-bath unit. Residents enjoy well-maintained grounds with a peaceful courtyard, on-site laundry, and patios or balconies for each unit. The property is ideally positioned in central Coronado, just blocks from the beach, Orange Avenue, and the island's many shops, restaurants, and attractions. While the property has been well maintained, a clear value-add opportunity exists through interior and exterior renovations that could support higher rents. In addition, the approximately 598 square foot garage area presents the potential to add a sixth unit through California's ADU program (Buyer to Verify). Held by the same family for over 30 years, The Residences on E offers investors the opportunity to enhance value and capitalize on Coronado's strong and consistent rental demand.
Location
State CA
County San Diego
Community Other/Remarks
Area South Bay
Interior
Fireplace No
Exterior
View Y/N No
Total Parking Spaces 3
Building
Story 2
Others
Senior Community No
Tax ID 537-233-18-00
Special Listing Condition Other/Remarks
Listed by Dylan E Wright, DRE#01411216 MD Real Estate, Inc
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