$7,499,000
824 Coronado Court San Diego, CA 92109
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$7,499,000
Est. payment /mo
5 Beds
4 Baths
7,196 Sqft Lot
UPDATED:
08/13/2024 03:07 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Mission Beach
MLS Listing ID OC24107882
Bedrooms 5
HOA Y/N No
Lot Size 7,196 Sqft
Property Description
Price improvement. The South Mission Bay Villas offer a rare opportunity to own bay front property in Mission Beach, San Diego, California. This property sits on two lots and can be utilized as a rental property. The property is currently used as a hybrid owner-user plus rental. The property can be operated immediately as a 9 month winter rental, and 3 month summer rental. The property can also be used as a vacation rental with proper documentation with the city. This unique property also presents itself as a prime development opportunity. With the ability to scrape the existing structures and build new condominiums, or keep the current structures in place and process with the department of real estate to sell individually as a TIC tenant in common ownership structure. Very few investment properties offer this range of investment alternatives and creative uses.
Price improvement. The South Mission Bay Villas offer a rare opportunity to own bay front property in Mission Beach, San Diego, California. This property sits on two lots and can be utilized as a rental property. The property is currently used as a hybrid owner-user plus rental. The property can be operated immediately as a 9 month winter rental, and 3 month summer rental. The property can also be used as a vacation rental with proper documentation with the city. This unique property also presents itself as a prime development opportunity. With the ability to scrape the existing structures and build new condominiums, or keep the current structures in place and process with the department of real estate to sell individually as a TIC tenant in common ownership structure. Very few investment properties offer this range of investment alternatives and creative uses.
Price improvement. The South Mission Bay Villas offer a rare opportunity to own bay front property in Mission Beach, San Diego, California. This property sits on two lots and can be utilized as a rental property. The property is currently used as a hybrid owner-user plus rental. The property can be operated immediately as a 9 month winter rental, and 3 month summer rental. The property can also be used as a vacation rental with proper documentation with the city. This unique property also presents itself as a prime development opportunity. With the ability to scrape the existing structures and build new condominiums, or keep the current structures in place and process with the department of real estate to sell individually as a TIC tenant in common ownership structure. Very few investment properties offer this range of investment alternatives and creative uses.
Location
State CA
County San Diego
Community Mission Beach
Area Pacific Beach (92109)
Zoning Estimated
Building
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Monthly Total Fees $5
Space Rent $1,760
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Listed by Peter Hauser • NorthMarq Realty Services, Inc