735-739 J Avenue

Coronado, CA 92118

List Price

$2,995,000

Price Change

▼ $204,000 1524858266

Days on Market

146

Status

ACTIVE

MLS#

180014832

Bedrooms

2

Lot Size(Range)

4,000-7,499 SF

Complex/Building Name

N/A

Property Type

Multifamily

Year Built

1967

Property Description

Variance Granted for 2-4 Unit. Unique oppty to own 2 large rentals on one of the most desirable residential streets in the Village of Coronado-Large residential rentals are coveted in Coronado. This property, on an over-sized lot, has 2 large rentals to accommodate families, blocks from award-winning Coronado schools. It's in a prized residential neighborhood, so the front home could also be used as a primary residence with income from rear property or as guest home or for onsite caregiver. Rare oppty!

Additional Information

Annual Expense Actual

31200

Building Name

N/A

Cooling

Wall/Window

Frontage

N/K

Gross Rent Multiplier Actual

30

Gross Rent Multiplier Project

30

Gross Scheduled Income Actual

105600

Gross Scheduled Income Project

108000

Heat Equipment

Forced Air Unit

Heat Source

Electric, Natural Gas

Lot Size Range

4,000-7,499 SF

Neighborhood

Village Of Coronado

Pets

Yes

Roof

Composition

School District

Coronado Unified

Stories

2 Story

Style

Res Income 2-4 Units

Tenant Pays

Water, Cable TV, Electricity

View

N/K

Year Built

1967

Approximate Room Dimensions

Supplement

VERY unique property - Both buildings have new or upgraded roofs, plumbing, fixtures, electric, carpet, counter-tops and paint within the past 18 months. Rear guest house/rental has two ground floor bedrooms, attached single car garage, fully appointed kitchen, fireplace, separate yard and separate utilities. Front home sits among some of the most beautiful and stately single family homes in all of Coronado. Buyer would have many options - achieve income from two large residential rentals that are becoming more coveted each year, or convert the front property to a primary residence and maintain the large (3 bedroom/3 bath with garage) rear unit to create measurable income, or use as a detached guest, multi-generational family or caregiver accommodations. The possibilities are endless.

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Calculator source: Real Geeks

Listing courtesy of Park Life Real Estate

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