248 Orange Avenue

Coronado, CA 92118

$3,295,000
Price
7
Beds
5
Baths
2,900 Sq. Ft.
$1,136 / Sq. Ft.
2,900
Sq. Ft.
$1,136
per Sq. Ft.

Description

This well-maintained 4-unit apartment building is an incredible investment opportunity with significant potential for increased rental income. Current rents are below market value, and all tenants are on a month-to-month basis, providing flexibility for future adjustments. Shows as a 3 unit on tax roll, currently one of the townhouses was reconfigured to be a 2/1 bath and a studio on ground floor with direct garage access. New owner has the option to keep unit as is or return back into a Townhouse...This well-maintained 4-unit apartment building is an incredible investment opportunity with significant potential for increased rental income. Current rents are below market value, and all tenants are on a month-to-month basis, providing flexibility for future adjustments. Shows as a 3 unit on tax roll, currently one of the townhouses was reconfigured to be a 2/1 bath and a studio on ground floor with direct garage access. New owner has the option to keep unit as is or return back into a Townhouse configuration. All, but one unit has renovated. Recent updates enhance the property's appeal, including all-new windows installed just a year ago and four brand-new garage doors with openers added just last month. Apartment A (Studio): - Bathroom has been completely redone - New vinyl flooring throughout - Updated kitchen with new cabinets and quartz countertops Apartment B: - New hot water heater installed just one year ago - Upgraded kitchen featuring new quartz countertops and brand-new appliances - New luxury vinyl plank (LVP) wood floors throughout Apartment C: - Fully renovated from top to bottom - Elegant bathroom with a tub and shower surrounded by marble tiles - New washer and dryer included - Modern kitchen with new cabinets, black honed granite countertops, and a stunning tile backsplash running up the entire wall This property is a rare find, offering immediate upside potential for the right investor. Don't miss out on this excellent opportunity!
  1. Listed by Shirley Tajedini • DRE #02078007 • Brokerage DRE #00616212 • Coldwell Banker Realty

Property Details for 248 Orange Avenue

Area
92118 - Coronado
Neighborhood
Coronado
Community
CORONADO VILLAGE
View Description
N/K
City Postal ID
CORONADO (92118)
Cross Street(s)
4th Ave
LISTING UPDATED: 10/16/2024 02:30 PM

Property Details for 248 Orange Avenue

StatusActive
MLS #240016295
Days on Market90
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1984
Lot Size-
CountySan Diego County

Building Information for 248 Orange Avenue

Stories2Residences-Year Built1984Building Size-Lot Size-

Property Information for 248 Orange Avenue

Summary Information
Property and Location
  • System ID: 240016295
  • Class: 2-4 UNITS
  • Levels: 2 Story
  • Year Built: 1984
  • Street Number Numeric: 248
  • Street Name: Orange Ave
  • Complex Features: BBQ, N/K
  • Age Restrictions: N/K
  • Market Area: South Bay
  • Telecommunications: N/K
Parking
  • Parking for RV: None Known
HOA and Fees
  • Home Owner Fees: $0
  • Home Owners Fee Includes: N/K
  • Monthly Total Fees: $0
  • CFD/Mello-Roos Fee: $0
  • Other Fees: $0
  • Other Fee Type: N/K
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 4
  • Num of Units w/Cooling: 0
  • Cooling: None
  • Heat Equipment: N/K
  • Water Heater Type: Electric
  • Heat Source: Electric
Exterior Features
  • Exterior: Stucco
  • Roof: Composition
  • Fencing: N/K
  • Security: N/K
  • Pool: N/K
  • Pool Heat: None Known
  • Spa Heat: None Known
Property Information
Property and Assessments
  • Total Stories: 2
  • Entry Only: No
  • Lot Size: 1-3,999 SF
  • Lot Size Source: Assessor Record
  • Frontage: N/K
  • Additional Property Use: N/K
  • Topography: Level
  • Site: Alley Access, Sidewalks, Street Paved
  • Complex/Park: N/A
  • Assessors Parcel Num: 536-152-13-00
  • Miscellaneous: N/K
Utilities
  • Water: Meter on Property
  • Sewer/Septic: Sewer Connected
  • Irrigation: N/K
Multi Family Information
Unit 1
  • Parking Garage Unit 1: Attached
  • Parking Non-Garage Unit 1: Tandem
  • Unit 1 Num of Bedrooms: 2
  • Unit 1 Num of Total Baths: 1
  • Unit 1 Deposit: $0
  • Unit 1 Estimated SqFt: 800
  • Unit 1 Exclusive Use Yard: No
  • Unit 1 Laundry Hook Ups: Yes
  • Unit 1 Occupied: Tenant
  • Unit 1 Projected Rent: $3,800
  • Unit 1 Rent Actual: $2,700
Unit 2
  • Parking Garage Unit 2: Attached
  • Parking Non-Garage Unit 2: Tandem
  • Unit 2 Num of Bedrooms: 2
  • Unit 2 Num of Total Baths: 1
  • Unit 2 Deposit: $0
  • Unit 2 Estimated SqFt: 800
  • Unit 2 Exclusive Use Yard: No
  • Unit 2 Laundry Hook Ups: Yes
  • Unit 2 Occupied: Tenant
  • Unit 2 Rent Actual: $3,800
Unit 3
  • Parking Garage Unit 3: Attached
  • Parking Non-Garage Unit 3: Tandem
  • Unit 3 Num of Bedrooms: 3
  • Unit 3 Num of Total Baths: 2
  • Unit 3 Deposit: $0
  • Unit 3 Estimated SqFt: 900
  • Unit 3 Exclusive Use Yard: Yes
  • Unit 3 Laundry Hook Ups: Yes
  • Unit 3 Occupied: Tenant
  • Unit 3 Projected Rent: $4,500
  • Unit 3 Rent Actual: $2,900
Unit 4
  • Parking Garage Unit 4: Attached
  • Parking Non-Garage Unit 4: Tandem
  • Unit 4 Num of Bedrooms: 0
  • Unit 4 Num of Total Baths: 1
  • Unit 4 Deposit: $0
  • Unit 4 Estimated SqFt: 400
  • Unit 4 Exclusive Use Yard: Yes
  • Unit 4 Laundry Hook Ups: Yes
  • Unit 4 Occupied: Tenant
  • Unit 4 Rent Actual: $1,900
Building Details
  • Amenities: Assoc Barbecue, BBQ, None
  • Heating: Electric, None

Property History for 248 Orange Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 248 Orange Avenue

Taxable ValueLand$1,466,235Additions$214,439Total$1,680,674
Tax Record2024$19,195 ($1,600 / month)
Home Facts
Total Finished SqFt2,853 SqFtAbove Grade Finished SqFt2,853 SqFtLot Size3,591 SqFtStyleMulti-Family Dwelling (2-4)Year Built1984ZoningR-4:MULTIPLECountySAN DIEGOAPN536-152-13-00

Schools near 248 Orange Avenue

This home is within Coronado Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Private - K to 8
Rating
School
Distance
Village Elementary School
PublicK to 5

Coronado Middle School
Public6 to 8

Coronado High School
Public9 to 12

Sacred Heart Parish School
PrivateK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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248 Orange Avenue is a multi-family home for sale in Coronado, CA 92118. This property was listed for sale on July 11, 2024 by Coldwell Banker Realty, it's currently listed at $3,295,000. It has been on the market for a total of 90 days and was last sold on September 10, 2019. This listing's school district is Coronado Unified School District. Nearby schools include Village Elementary School, Coronado Middle School and Coronado High School. 248 Orange Avenue is a 7-bed, 5-bath, 2,900 sqft multi-family home built in 1984.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty, Shirley Tajedini, DRE #02078007

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